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


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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