Volatility Supercycle

Short-term macro forecasts matter less than positioning for the policy response governments make when markets turn volatile, which is always to print money, and crypto holdings benefit from that fiat supply. Between November 2023 and September 2024, the macro calls tallied 2 correct and 6 wrong, a batting average of .250, yet the portfolio is said to keep making money. Bitcoin is presented as a release valve for fiat printed to suppress volatility to unnatural levels.