The weight of the election on BTC

plus: sinister moves from the ECB

“To be interested in the changing seasons is a happier state of mind than to be hopelessly in love with spring.” – George Santayana  ||

Hello everyone, it’s good to be back! Actually, seriously, it is – I LOVED my break, really needed it, Edinburgh is cathartically moody and optimistically relentless. But it’s good to once again immerse in the stress of deadlines and the spreading puzzle of global shifts. Did I miss anything?

Ha, funny, of course I did. Trump is pulling ahead in the polls, China is still gingerly feeling around for the almost-enough stimulus formula, the BRICS summit is gearing up, BTC almost reached $70k, and a lot more besides. I’m scrambling to catch up and my laptop is groaning under the number of open tabs.

IN THIS NEWSLETTER:

• The weight of the election on BTC

• The bigger threat from the ECB

If you’re not a premium subscriber, I hope you’ll consider becoming one!

WHAT I’M WATCHING:

The weight of the election on BTC

One of the most positive things about stepping away from your desk for a few days is the unexpected perspective when you return.

Had I been in front of a screen, I would have no doubt been thrilled to see BTC’s painstaking climb toward and briefly past $69,000. Instead, I find myself surprised it’s not higher. The tailwinds I’ve been writing about continue to build, and yet the price movement still feels muffled. Weird.

Here are just some of the factors that should be pushing BTC higher: