🟠 Orange Monthly: No Shortage of Risks

War in the Middle East, energy price spike, supply chain disruption, and quantum computing, all whilst Bitcoin chopsolidates sideways. Quite the setup we have in markets.

Dear Orange Members,

The month of March was a prime example of the Fourth Turning in action.

Rome is once again at war with the Persian empire, energy prices are back in demand destruction territory, and the knock-on effects of the conflict are unlikely to be properly priced in.

Given this backdrop, the resilience of Bitcoin is remarkable, surprising, and something warranting deeper investigation.

This month’s Checkonchain Orange report is titled No Shortage of Risks, and is an exploration of why Bitcoin is holding up far better than most analysts expected.

I approach the problem using data sourced from all of the key market sectors, to establish a consistent and coherent framework for thinking about the Bitcoin market setup.

Orange Members will find the report PDF, and details of our upcoming monthly conference call below.