03 March 2022
In this Uncharted, we are going to focus on the macro environment, its impact on bitcoin’s price action, and the drivers behind bitcoin’s V-shaped recovery.
We will begin by analyzing the impact of the war breaking out in Ukraine and the drivers behind bitcoin’s decoupling. We will also comment on the Fed’s conundrum as it faces rising inflation combined with a strong dollar relative to global currencies. Towards the end, we will deep dive into the drivers behind bitcoin’s strong recovery, the strengthening demand manifested by proactive institutional investors, and the divesting of risky assets/plays into bitcoin as the risk of a pronounced drop eases and renewed upside potential is hinted by the largest crypto asset.
Let’s dig in!