No matter the outcome of the U.S. Presidential election, one thing is inevitable: wider deficits. A wider deficit and lower interest rates will likely weaken the U.S. dollar, driving investors to seek alternatives like Bitcoin.

Inequality is a global challenge, but Bitcoin presents an opportunity to address it through fair distribution and a non-inflationary monetary policy.

While there are market top arguments, we are unconvinced. Long-term holders still dominate supply, sentiment remains contained and macro conditions are turning favourably in the face of US rate cuts and USD weakening risks. Besides, valuations have not re-rated at all given ETF success and consideration that bitcoin could be a reserve asset for the world’s largest economy!

Sound Money is the challenge and opportunity of our lifetime

Demographic forces are almost certainly shifting the regulatory and political perspective towards crypto in the world’s largest economy. Bipartisan support for proactive crypto regulation is now a possibility

The market remains biased higher in a halving year, despite the reduced importance of each subsequent halving.

MSTR’s optically risky strategy is the logical conclusion to today’s monetary conditions and is absorbing bond markets into bitcoin’s black hole

ETFs are undoubtedly positive but Bitcoin’s core decentralization principle must be vehemently protected.

Price weakness presents an incredible opportunity to gain exposure in the early stages of an institution-led crypto bull market

The bitcoin ETF is a clear driver behind remarked BTC strength and the 6-18 month outlook remains very constructive, but there is a risk price becomes stretched as we launch into the high $40Ks.

Bitcoin has entered the next phase in this cycle - its outperformance signals foundational strength for the forthcoming bull market and potential improvement in high-beta assets

While the crypto poses a challenge to fiat currencies during a monetary regime change, through stablecoins crypto is simultaneously reinforcing USD dominance amongst fiat currencies

PayPal's stablecoin (PYUSD) is a major step in the integration between crypto and traditional financial markets. This move not only underscores the potential of crypto but also hints at a possible pendulum shift in the landscape of US crypto regulation

The world is in the midst of a monetary regime change. Bitcoin could have a role to play in a future monetary system, which creates a compelling argument to allocate to the asset class. Central banks cannot admit it but their actions reveal agreement with our thesis after they amassed record gold purchases in 2022.

Eventually the torrential tides of technology, freedom and crypto will prevail but, for now, authorities are trying to maintain control through marketing structurally unsound fiat money as a technological upgrade.

Liz Warren’s attack on the crypto industry strengthened bitcoin’s value proposition, highlighting the ever-present bank run risk within illiquid and highly leveraged banks.

Decentralised financial technologies remain difficult to regulate and the world needs this force for financial freedom so developers, entrepreneurs, investors and consumers will continue to experiment with it in spite of the more reactive approach to regulation in the US.