2024 will be a wild year.
1. FASB fair value accounting rule change goes into effect. Easier for corps to add Bitcoin to their balance sheets. This is not priced in.
2. Halving
3. Brrr?
4. Sovereign debt crises? ECB and BOJ look like they’re teetering.
Feels like quite the tug of war. Macro/recession + high interest rates + QT vs. halving + etf + fasb rules
Also listened to Willy Woo recently on nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx pod and his take of the paper markets suppressing spot price is depressing
