Global Macro Investor: The Strong Part of Bitcoin Upmove Hasn’t Even Started Yet

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Bitcoin has blown away the expectations of almost anyone outside of the most steadfast supporters of the cryptocurrency or believers in the stock-to-flow model. The asset over the last several months has exploded from below $10,000 to over $40,000 at the current high. And although the now $11,000 decline could appear to resemble a longer-term “top,” one global macro investor says that the “strong part of the Bitcoin upmove has not started yet.” Capital Manager: “Strong Part” of Bitcoin Bull Run Has Yet To Begin The first-ever cryptocurrency now finds itself in a precarious position after pulling back more than $10,000 from its peak at the time of this writing. After Bitcoin touched $20,000, a $10,000 correction was enough to begin a three-year bear market, but this time very well could be different. Even with a move from $10,000 to $40,000 in a few months time, career global macro investor…

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