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#1339 Robert Mitchnick | The REAL Reason Why Blackrock is Buying Bitcoin

The Pomp Podcast

NOTE

Bitcoin's Fundamental Macro Variables

Bitcoin's value is significantly impacted by its correlation with equities, being highly correlated with equities and massively short real interest rates. The asset surged when real interest rates collapsed due to the Fed's actions. The perception of Bitcoin as a risk-on asset could be counterproductive and fundamentally wrong, considering its long-term fundamentals as a global decentralized scarce non-sovereign asset.

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