Bitcoin is in line for a BlackRock-sized 'yes' stamp, says caprioleio.
In his latest interview with Cointelegraph, Edwards, who is founder of quantitative Bitcoin and digital asset fund Capriole Investments, goes deep into the current state of BTC price action.
Bitcoin Dynamic Range NVT Signal, using Blockchain.com data. Source: Capriole Investments/TradingView It’s 50% harder to mine Bitcoin, there's 50% more competition and as a result 33% less relative BTC revenue for miners. Regardless, the Fed has implemented the vast majority of its rate hike plan. 90% of the tightening is complete. It's now a game of wait and see — will inflation continue to decline as anticipated? And will that occur before or after the economy takes a turn?CT: Bitcoin’s correlation with risk assets and
Finally, it's pretty clear that industry and government — where it matters — is in support of this asset class and knows it's here to stay.
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