“McCullough’s data-dependent perspective sheds light on the intricate factors driving Bitcoin’s recent surge, uncovering a captivating narrative behind the cryptocurrency’s unprecedented rise.”
In a recent Twitter exchange, Keith McCullough, the CEO of Hedgeye, addressed the idea that “Bitcoin will be gold for young people and future generations.” He explained that he doesn’t approach asset allocation based on narratives, but rather focuses on price, volume, and volatility.
McCullough pointed out that Bitcoin has a much wider volatility range than gold, which is why gold has been a trusted investment for a longer period of time. He emphasized that gold’s relationship to real interest rates is what makes it valuable to investors, not Bitcoin.
For those interested in staying informed about the risk range of Bitcoin and other cryptocurrencies, Hedgeye offers a Crypto Tracker.
To read more about McCullough’s data-dependent perspective on Bitcoin’s recent surge, you can check out the article here.