Former Credit Suisse global head of portfolio and Risk Dimensions CIO Mark Connors says bitcoin has broken out of its longest stretch of underperformance in history and is ready to beat stocks, bonds, and gold as inflation stubbornly sticks around.
Ethereum can't catch a break. Between big-name sell-offs, ETF outflows dragging on sentiment, and a bizarre social media sideshow involving Vitalik Buterin's personal life, the second-largest crypto by market cap is basically grinding sideways while traders quietly scout for the exit.
Bitcoin was created as a response to the kind of debt-financed monetary disorder now playing out across global bond markets. The original thesis was that when governments borrowed recklessly and debased their currencies, hard-money assets would absorb the resulting demand.