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The Chief Investment Officer (CIO) of Ikigai Asset Management has highlighted one of the key events that could trigger a cryptocurrency rally.
In an interview on the Bankless podcast, Ikigai co-founder Travis Kling said: To tell Beyond the U.S. Federal Reserve’s policies that risk pushing the economy into recession, it is the ongoing conflict between Russia and Ukraine that ultimately needs to be resolved to stabilize the macroeconomic situation. be.
“If we can get some credible deal out there, commodity pricing will go down — they’re already well off their highs — but commodity prices have fallen, expectations have tightened, inflation expectations have fallen, equities have gone down. rises and cryptocurrencies rise. Up. “
Kling said that the leading smart contract platform Ethereum (ethereum) will benefit greatly if geopolitical and financial conditions improve.
That would be the backdrop for cryptocurrencies in general, and ETH in particular, to be very volatile.
I wouldn’t say it will never happen, but I think it’s the setup.
Hedge fund managers next discuss Bitcoin (Bitcoin), the top cryptocurrency by market capitalization represents more than a hedge against short-term fluctuations in the consumer price index (CPI).
“You won’t see me anywhere professing that Bitcoin is like a CPI inflation hedge. [or] financial inflation hedge.
That is the value of a non-sovereign, hard-capped, global, immutable, decentralized digital store. At this point, I’ve rattled about 5,000 times.
This is a hedge against irresponsibility from central banks and governments around the world.
Kling concludes his analysis by comparing how Bitcoin reacts to quantitative easing (QE) and quantitative tightening (QT). In QE, central banks keep interest rates low and increase the money supply, while in QT they raise interest rates and supply contracts.
“[Bitcoin] Love QE, hate QT. We’re in the QT cycle now, and I’m pretty sure it’s very temporary. The market says it’s temporary and is nearing the end rather than the beginning.
That brings me back to my point of going fastest off the bottom. I think this speaks to Paul his Tudor his Jones nickname that Bitcoin is the fastest horse.
Me
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