Bitcoin analysis, crypto market updates, and macro correlation insights.
Bitcoin shares key characteristics with gold: fixed supply (21 million cap), no counterparty risk, and global liquidity. Proponents call it "digital gold" - a store of value for the internet age. With a $2T+ market cap, institutional adoption has made Bitcoin a macro asset.
Unlike fiat currency, Bitcoin's supply is programmatically fixed. "Halvings" reduce new supply every 4 years, creating scarcity. This makes Bitcoin an asymmetric bet on monetary debasement - if central banks continue printing, Bitcoin's relative value should increase.
The 2024 halving has reduced miner selling pressure. Spot Bitcoin ETFs now hold over 1M BTC. With potential Fed rate cuts and continued institutional adoption, some analysts project Bitcoin could reach $150-200K in 2026, though volatility remains a key risk.