Bitcoin gave up some gains on Wednesday, suggesting the short-squeeze rally is fading.
Analysts expect higher inflation ahead of U.S. March CPI report despite Fed's wait and see approach.
"Nothing like this has ever happened before," says economist Ian Shepherdson.
On this episode of Bitcoin Macro: "For traditional investors, it's sort of a challenging paradigm when these three things are wrapped together."
On this episode of Bitcoin Macro: "In the 1800s we had a bubble in railroads, and almost every one of them went bankrupt."
On this episode of Bitcoin Macro: "The fact that it works and that it has been working for 10 years has value."
Travis Kling of Ikigai Asset Management explains why bitcoin is currently a risk asset, but showing signs of a future safe-haven asset.
"Bitcoin is less volatile from a systemic perspective than I think the traditional financial industry is," says the Wyoming Blockchain Coalition co-founder.
“If you are fleeing a country with just the clothes on your back and want to take your savings with you, bitcoin is an excellent safe haven,” says the founding partner of Castle Island Ventures.