The Milk Road Show

Is This the End of Crypto Cycles? When Will the Pain End?

4 snips
Mar 11, 2025
Guest
Felix Jauvin
Felix Jauvin, a macro analyst and director at Blockworks, explores the intricate dynamics shaping the crypto market. He discusses his bearish outlook, suggesting that traditional crypto cycles may be a thing of the past. Felix analyzes macroeconomic factors like inflation narratives and the impact of political figures on market sentiment. He dives into liquidity challenges between the U.S. and China, emphasizing the need for adaptability in investing. Could we be near a market bottom, or is more pain ahead?
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INSIGHT

End of Crypto Cycles?

  • Felix Jauvin believes traditional 4-year crypto cycles are over due to changing market dynamics.
  • The influence of Bitcoin halving cycles is diminishing, and passive investors are changing the landscape.
INSIGHT

Bearish Outlook

  • Felix Jauvin has held a bearish outlook since mid-December 2024 due to the Federal Reserve's hawkish shift.
  • He believes the Fed's focus on inflation, despite a healthy labor market, creates headwinds for risk assets.
INSIGHT

Trump's Economic Focus

  • Trump's focus has shifted from the stock market to the 10-year bond yield.
  • He aims to reduce the US debt-to-GDP ratio and reinvigorate the private sector, even if it means short-term pain.
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