Bitcoin's Place In The Big Picture

Navigating The Market Between Central Bank Interventions

Macro has been tricky to read this year.

We're getting mixed signals from the data. While headline inflation is down, core inflation remains sticky. The unemployment rate jumped then stabilized. And expected rate cuts? They're fewer than initially thought.

In times like these, the smartest move is often to do nothing and keep your eyes open.

But to do that we need to keep our focus on what truly drives Bitcoin's value long-term.

Let's break this down.

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Bitcoin's Place In The Big Picture

The Takeaway

The bond market is sending us clear signals about rates, and they're not what investors hoped for. 

Core inflation remains sticky and the labor market resilient. This points to higher rates lasting longer than expected. Meanwhile, the government faces a growing challenge with its debt burden. Interest payments are rising fast, creating an unsustainable situation. But Bitcoin investors shouldn't wait for the next monetary intervention to build their position.

 Our analysis shows Bitcoin has delivered solid returns even during periods of normal monetary conditions. The key is understanding how current market dynamics fit into the bigger picture.

The Bond Market Is Adjusting To The New Reality