This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.
(1) Bitcoin: A Bet on Reflation, Not the Dollar’s Demise (1 min read)
I show that correlations between bitcoin and key macro markets suggest the bitcoin rally is another expression of reflation, or risk-on, trades. It is not therefore a bet against the dollar.
(Bilal Hafeez│ 22nd February, 2021)
The Draghi Power Triangle (Project Syndicate, 4 min read)
Pandemics swing elections, but not as much as you think (VoxEU, 6 min read)
Structural Factors and Central Bank Credibility Limit Inflation Risks (IMF Blog, 5 min read)
UK firm launches service for company treasuries to invest in Bitcoin (CoinTelegraph, 3 min read)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)