Bitcoin: A Better Bet Than Stocks in a Soft Landing?

Summary Bitcoin offers a potential hedge to our recession call. We believe it’d outperform stocks if a soft landing materializes. […] To access this content please upgrade to another membership

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Bitcoin’s Tug-of-War Between Bull and Bear Signals Leaves Us Neutral

Summary Bitcoin’s current technical structure, low volatility dynamics and potential for idiosyncratic behavior are showing both bullish and bearish signals, […] To access this content please upgrade to another membership

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Bitcoin is Setting Up for Institutional Adoption

Summary Bitcoin’s surge since mid-June was triggered by BlackRock’s filing with the SEC for a spot Bitcoin ETF. Some investors […] To access this content please upgrade to another membership

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Portfolio Update: Reducing Bitcoin (BTC); Adding to Cash (BIL)

Taking Profits on Bitcoin We’ve had Bitcoin (BTC) as a position in our model portfolio since we launched it back in late-September 2022 as a high beta bet on equities. Since launching the portfolio, Bitcoin is up about 22%, outperforming the S&P 500’s rise of about 10%. In 2023 Bitcoin is up nearly 40% against […]

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What the Dollar Does from Here Will Seal Bitcoin’s Fate

Summary: Bitcoin has been lagging equities since the market bottomed in mid-June. The best returns to Bitcoin are seen when the rise in the S&P 500 happens gradually, when the VIX is very low and when the dollar weakens the most. Two powerful forces have driven the recent appreciation of the dollar: its role as […]

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