🚀 Bitcoin Skyrockets +165% in 2023 – What's Behind the Surge?

Institutional Crypto Research Written by Experts

We specialize in delivering top-tier research at the crossroads of digital assets and financial markets.

👇 1) A year ago, as a group, Wall Street analysts were the most bearish ever in their year-ahead outlook reports. Most analysts expected a US recession. The advice that the best institutional investors and family offices received was to “park yourself in 4-5% cash” and wait for the recession to hit.

👇 2) Our predictive macroeconomic models suggested a different outcome, leading us to predict a bullish outcome that would benefit stocks and crypto. While US inflation was still above 8% in December 2022, our models anticipated we would end at 3-4%. This model has a fabulous track record and still expects more inflation compression. The report below and our coming macro outlook report will be instrumental in correctly positioning for the year ahead. Read them very carefully.

👇 3) Why did Bitcoin surge in 2023? What were the five legs of the rally? Understanding the drivers of price returns is essential in making decisions about risk and reward. On January 1, 2023, Bitcoin started the year trading at $16,547 with a gloomy outlook. Some commentators argued for a U.S. recession, while others expected that MicroStrategy would be forced to liquidate its leveraged Bitcoin position as the company had issued bonds to buy more Bitcoin with an average price of $29,000.