Crypto is Macro Now

Crypto is Macro Now

Tuesday, Feb 28, 2023

ETH volatility, stablecoin reputation, war signalling, Fed pacing...

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Noelle Acheson
Feb 28, 2023
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“Culture eats strategy for breakfast.” – Peter Drucker ||

Hello everyone! And goodbye to a month that, although short, managed to pack in quite a lot. You’re reading the premium daily Crypto is Macro Now newsletter, where I focus on the growing overlap between the crypto and macro ecosystems – I’m glad you’re here. Nothing I say is investment advice! Nevertheless, I hope you find it useful – if so, please consider liking, and sharing with friends and colleagues.

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MARKETS

War tactics

Janet Yellen’s visit yesterday to Ukraine is more signalling than practical help, but the signalling here is a key part of how the rest of the war might play out. Following so soon after Biden’s visit, it sends a strong message of US support – these are not low-level officials there for a photo-op, these are arguably two of the most powerful people in the world travelling into a war zone that the US has no control over.

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