The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter.
As Bitcoin’s education, adoption and monetization carries on, fundamentals and network growth will be the more important driver of price appreciation.
On the other hand, March 2020 gave us an interesting example of how bitcoin may perform post market crash, massive volatility spike and increased debt monetization across monetary and fiscal policies to help rescue the market and economic conditions.
From a broader macroeconomic perspective, this is why we remain bullish on bitcoin on a longer time horizon post another scenario crash in risk assets.