MacroScope

MacroScope

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Topics: institutional trading, asset management and monetary policy. Tweets are opinions only and are not intended as advice.

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No long posts needed. Make it to the inevitable print, which everyone knows is out there. Same as it ever was.

BTC holders have long viewed it as a hedge against currency decline. But this is not a widespread perception among the general investing public, where gold has always been seen as the asset for that (and where BTC has been viewed from more of an emerging technology angle). Watch this closely. If BTC starts to react to specific dollar moves, and the media and public perception of it as “protection” starts to spread, it would be very important.

Three months ago. As gold eyes $5000, "shockingly underallocated" remains a key driver of price. And this post continues to apply for BTC.

The type of trading you’ve been seeing in gold -- relentless bid, obvious and urgent sovereign buying, shockingly underallocated institutions grabbing the GLD ETF for exposure -- is a tiny glimpse of the trading you’d see in BTC if this gold/BTC cycle eventually plays out like it

Very important filing today. In a 13F, Dartmouth College reported owning 201,531 shares of IBIT as of December 31, valued over $10 million. It also reported owning 178,148 shares of Grayscale Ethereum Mini valued at $4.9 million. Both of these positions are new. The total value of all reported positions in the 13F is $393.3 million. Good background on Dartmouth and BTC is below (December report): institutionalinvestor.com/arti...… Today's filing: sec.gov/edgar/search/#/q=Bitco...…

The flashbacks continue. I explain here (posted in 2023 at BTC 25k): x.com/MacroScope17/status/1699...…

INTEL: Viewership of cryptocurrency-related content on YouTube has dropped to its lowest level since January 2021

"One of the keys back then was to watch the longer term charts for when price levels that were previously lost were quietly regained. This led to huge profits for traders who were still in the game and paying attention." Two years ago at BTC 25k. This continues to apply

Seeing lots of tweets about BTC and lower engagement/public interest. I personally find this fascinating and any trader active 20 years ago should be getting flashbacks. In terms of sentiment and interest, 2023 = 2003. You can go to the dusty finance message boards for AMZN and

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