Bitcoin (BTC) Price Up 100% This Year; Safe Haven from Debt Spiral, Bond Rout and Geopolitical Tensions Helped Rally
“After 2022 tricked so many into thinking that digital assets are correlated to stocks and bonds, many are left scratching their heads at the ‘new’ old normal,” Jeff Dorman, chief investment officer at Arca pointed out. “A debt spiral leads to a loss of confidence in banks and governments and a repricing of risk-free rates amidst record supply, which is bad for bonds and equity valuation models, but good for alternative forms of wealth and money creation,” he added.
