21 Mar 2023
Bitcoin - A risk asset or a system hedge?
Up 40% over the past 10 days
In short
Bitcoin has surged amidst the backdrop of bank collapses and fears of contagion. Is bitcoin acting as a safe haven asset or simply reacting to expectations of potentially lower interest rates? Dive into our latest market report to learn more.
Takeaways
Bitcoin climbing above $28,000
Volumes to new highs
Futures basis to new yearly highs on CME
Record ProShares flows
Clear shift in options trading sentiment
Fluctuating interest rate expectations, and a massive jump in the FED's balance sheet
