The Breakdown Macro Roils After Surprising Jobs Report (and Bitcoin Follows)
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Jan 15, 2025 The podcast dives into Bitcoin's recent volatility, discussing its drop and recovery amid challenging macroeconomic conditions. It explores how U.S. dollar strength and Treasury bond yields influence Bitcoin's performance. Analysts weigh in on the cryptocurrency market's uncertainties and the asset's role as an inflation hedge. The potential impact of Trump's presidency on crypto policies and market dynamics is also examined, alongside insights on Bitcoin supply shocks and Wall Street's varied attitudes toward digital assets.
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Bitcoin and Macro
- Bitcoin's price action reflects the broader macro environment.
- This environment impacts Bitcoin and other risk assets.
Tightening Macro Conditions
- Several economic indicators suggest a tightening macro environment.
- These include a rising dollar index, increasing bond yields, and a falling S&P 500.
Macro Matters
- Macroeconomic factors are influencing risk assets again.
- The upcoming December inflation print is crucial for the Fed's policy.