π Bitcoin Fulfilling Our $45,000 Christmas Prediction - Top Trade Revealed
Institutional Crypto Research Written by Experts
What is the best Bitcoin exposure to buy now?
π 1)Β On February 1, 2023, we set our year-end price target at 45,000 when Bitcoin had just crossed 22,000. We set out a year-ahead roadmap based on inflation data point releases and central bank meetings to see if we could reach this 45,000. Today β we are almost overshooting this level, and there is a risk that we will even go higher than that.
π 2)Β Even the move to 22,000 had surprised almost everyone β not us as we expected a monster year for risk assets (Bitcoin and Nasdaq) on the back of changing liquidity dynamics. Our predictive macro models, which we have been trading during our hedge fund days, were spot on.
π 3)Β Like any other asset, the dynamics and drivers tend to change over time, and thatβs why correlation is often exciting but does not matter. Understanding the drivers of growth, liquidity, and inflation matters β this is important for any asset β just the definition of the different verticals matters.