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This week Progressive's Jeremy McKeown and Gareth Evans discuss mainly the apparent confusion of bitcoin falling while other “inflation hedge” or “real asset” measures like gold and silver are at or close to all-time highs. Jeremy has four or five reasons why this might be the case - all of which highlight the usefulness of bitcoin’s “always on” trading 24/7 as a barometer or investor opinion. Macro markets have helped Rachel Reeves avoid short-term repercussions of the Budget. Next week’s Fed rate decision may be overshadowed by gyrations around the potential seizure of Russian monies - and what that means for the value of the dollar in the eyes of anyone who might one day upset the West.
