Bitcoin has yet to show any signs of life in the past week. But it seems that we can’t make our minds up about what we want from BTC. We are looking for BTC to be the ultimate store of
What we are seeing in the markets in the past week is more of the same rhetoric from the week before. Bulls are trying to catch the latest whiff of positivity regarding Bitcoin’s price
As always, it’s important to take a step back to see the forest for the trees. We are still in a record-breaking unstoppable bull run in the equity markets. Gold is up 16% YTD with WTI Crude Oil up 21%. And despite two rate cuts this year, American bond markets this year has returned a strong 6%. US unemployment rates are still at record lows and a glimmer of hope in the US-China trade war on Friday gave some positivity to the markets. So, what’s the next thing that could give BTC the jolt that it needs?