Dan Morehead, CEO and co-chief investment officer of Pantera Capital, said in an interview that other asset classes are expected to struggle in six months, while cryptocurrency investments will more than double.
That’s bad for bonds as interest rates rise. It also has a negative impact on anything else that has a discounted cash flow, like stocks or real estate.
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During times of stress, BTC -0.01%-news/">Bitcoin can have a strong correlation with the movement of the S&P 500, which is also off to a bad start in 2022. The period of this correlation lasted an average of 72 days, he added. Over time, this association breaks down. All of these things combine to make me actually bullish right now.
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