We’ve tweaked our opinion on Bitcoin over the last week, our preferred scenario is now the crypto will pop its head up to fresh highs to ~60,000 before correcting the whole advance from 2020 lows. This is both a great read through for equities short-term and major warning for the post GFC bull market longer term i.e. Bitcoin has led risk assets both up and down with uncanny accuracy – MM will be watching closely for failure into fresh highs if / when it does occur.
MM is bullish Bitcoin looking for ~10% upside.
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