Strategic Bitcoin Reserve, Dollar Destruction, & Global Markets Update
Dear Readers,
In my previous letter to you, I explained my thesis that the world is changing—this final note of 2024 will build on those ideas but keep a markets focus. As the battle to realign one’s approach to global macroeconomic analysis rages on, bitcoin’s central role in tomorrow’s financial system evolved from “one day we’ll see…” to “January might change everything” more quickly than almost everyone expected. Today’s letter gets into the game theory of the Strategic Bitcoin Reserve, the Fed’s actions yesterday, a tidy plunge in stocks, and revisit of dollar strength. How are all those BRICS currency people hanging in there?
As bitcoin's role in the global financial landscape evolves, understanding its potential impact on your wealth becomes increasingly crucial. Whether we see measured adoption or accelerated hyperbitcoinization, being prepared for various scenarios can make the difference between merely participating and truly optimizing your position.
This is why Unchained developed the Bitcoin Calculator – a sophisticated modeling tool that helps you visualize and prepare for multiple bitcoin futures. Beyond traditional retirement planning, it offers deep insight into how different adoption scenarios could transform your wealth trajectory.
What sets this tool apart is its integration with the Unchained IRA – the only solution that combines the tax advantages of a retirement account with the security of self-custody. In any future state, maintaining direct control of your keys remains fundamental to your bitcoin strategy.
Today’s Topics
Bitcoin’s moment
Why we might never see this bitcoin price ever again
On-chain health check
Stocks down on hawkish Fed cut
Treasury yields spike above resistance
US Dollar strength builds
Euro outlook is miserable
Chinese currency by far global markets’ biggest story
Fed cuts but pauses
RRP adjustment & ample reserves check
Recessions, data revisions, and AI
The candlestick heard ‘round the world
When I combine technical analysis, behavioral study, and the fundamentals of what happened in November, I’m biased to make a bold prediction about the bitcoin price.
It is now my base case that bitcoin never trades below $80,000 ever again. Hear me out.