Bitcoin Fundamentals Have Never Looked Better: Bernstein
Briefly

This is an all-time high in bitcoin's history - these churn rates are extraordinary for a financial asset, particularly one known for its exponential moves driven by a supply squeeze.
These churn rates are extraordinary for a financial asset, particularly one known for its exponential moves driven by a supply squeeze.
Bitcoin's role as a 'debasement hedge' may grow in prominence given the scenario of 'debt monetization and/or a more gruesome slowdown in early 2024, with the lagging effect of rates over-correcting for inflation.'
This is an all-time high in bitcoin's history - these churn rates are extraordinary for a financial asset, particularly one known for its exponential moves driven by a supply squeeze.
Read at Coindesk
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