Current Bitcoin Price Action: Macro View

Darius Dell is the founder and CEO of 42 Macro, an investment research firm that aims to disrupt the financial services industry by democratizing overall risk management processes at the enterprise level.

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Short term (less than 1 month): Our market signals process indicates a continuing challenging environment for risk assets. While the negative surprise in the US CPI data for April provided some delay, at 42 macro we don’t think the highly anticipated negative rate of change will do much apart from stimulating a permanent bottom in either stocks or bonds given our analysis From the inflation momentum in the second round and the latest future guidance from the Federal Reserve and the European Central Bank.

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