The Best Scenario for BTC
Lo referred to the news from Bill Ackman, a billionaire hedge fund manager who recently covered his short position in US treasuries. Ackman stated that his reasoning for this was the growing concern of global inflation, deglobalization, and the rising geopolitical - in the Pant.
This is the sort of scenario that Bitcoin and cryptocurrencies shine through, a thought shared by Max Keiser, crypto advocate and founder of Volcano Energy. According to Keiser, Bitcoin thrives during "social unrest and societal breakdown."
Rising inflation and hawkish monetary policies from the Fed will likely be beneficial for Bitcoin holders. Overall, the macro environment is becoming more favorable for BTC holders, according to Lo.
