opinion
May 4th, 2019Bitcoin and US Politics
In this post we discuss the link between Bitcoin, US interest rates, and China.
If you want to understand where bitcoin is heading from a macro perspective, you need to understand the USD price action. Not just because BTC/USD is the predominant ticker, but because of bitcoin's potential role as an inflationairy hedge against US central bankers.
At this point in time the USD is either going to go up, or go down. Obviously. But there is a good chance it is going to go in either direction a lot. Why? Because we are seeing both a topping formation in short and long term debt cycles, and at the same time seeing extreme geo-political uncertainty with a potential weaponization of the USD.
What is the long term debt cycle?
Ray Dalio is a big wig investor managing ~125B. He call