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Why this venture capitalist thinks crypto could be the world’s most reliable macro-indicator

The crypto industry has been seeing a tremendously clear and well-defined evolutionary shift in recent times, with Bitcoin’s price action seen in the time following its mid-March meltdown largely favoring buyers despite there being turbulence in the global markets.

Why this venture capitalist thinks crypto could be the world’s most reliable macro-indicator

Photo by Hudson Hintze on Unsplash

The crypto industry has been seeing a tremendously clear and well-defined evolutionary shift in recent times, with Bitcoin’s price action seen in the time following its mid-March meltdown largely favoring buyers despite there being turbulence in the global markets.

This has rekindled “safe haven” narratives, with the incessant money printing required to fuel ongoing economic stimulus packages also shining a light on the importance of BTC’s absolute scarcity.

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