G’day Folks,
In my opinion, assets have not traded in line with how analysts expected throughout the Iran conflict. Oil prices spiked, but failed to clear the 2022 highs. The US dollar index jumped to ~100…but has since been slammed back down its lower post-2008 trend-line. Equities pulled back from the highs, but this was anything but a collapse.
Bitcoin, being one of the most liquidity sensitive assets, is trading around 15% higher than it was when the war broke out, which isn’t how many expected it to play out.
In this conversation, Nik and I share our honest market views, run through a variety of Bitcoin and macro charts, and we had a lot of fun doing so.
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