Both Bitcoin and the equities market have mounted a strong comeback from their lows, but there are still storm clouds brewing on the horizon for the economy and for society more broadly.<\/p>\n
In a recent speech<\/a>, Jerome Powell of the Federal Reserve warned that the ongoing recession caused by the COVID-19 outbreak is one “without modern precedent.”\u00a0The Bank of England echoed this line to a T, saying that the U.K. could experience its worst recession in 300 years<\/a>.<\/p>\n Bitcoin<\/a> may continue to shake off this macro backdrop, though, with BlockTower Capital<\/a> writing in a recent report that the macro case for our favorite orange coin has “never been more obvious.”<\/p>\n In an extensive research note<\/a> titled “Demand is Coming,” BlockTower laid out an extensive case for why “the macro case for Bitcoin has never been more obvious.”<\/p>\n In which @brichardson__<\/a> and I discuss: <\/p>\n 1. The Macro Case for BTC Thanks to @skewdotcom<\/a> & @BlockwareTeam<\/a> for the great insights & data.https:\/\/t.co\/4YO7z8komO<\/a><\/p>\n — Avi IS RIGHT (@AviFelman) May 18, 2020<\/a><\/p><\/blockquote>\nBitcoin's macro case has never made more sense<\/h2>\n
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2. Bitcoin Mining
3. The Tokenization of People<\/p>\n