{"id":163507,"date":"2023-10-23T20:04:37","date_gmt":"2023-10-23T17:04:38","guid":{"rendered":"http:\/\/kupitiblog.store\/576r\/will-bitcoin-go-the-way-of-a-commodity-or-an-equity\/"},"modified":"2023-10-23T20:04:37","modified_gmt":"2023-10-23T17:04:38","slug":"will-bitcoin-go-the-way-of-a-commodity-or-an-equity","status":"publish","type":"post","link":"https:\/\/kupitiblog.store\/576r\/will-bitcoin-go-the-way-of-a-commodity-or-an-equity\/","title":{"rendered":"Will Bitcoin Go the Way of a Commodity or an Equity?"},"content":{"rendered":"

 <\/p>\n

I went back to my Outlook 2023 written in December 2022 where I begin with:<\/p>\n

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You Can\u2019t Run with the Hare and Hunt with the Hounds.<\/p>\n

This expression will ultimately summarize the upcoming year.<\/p>\n

As the Year of the Tiger loses its roar, the Year of the Rabbit hops into view.<\/p>\n

For 2023, one word and two expressions keep coming up:<\/p>\n

Chaos,<\/p>\n

Trying to fit a square peg into a round hole,<\/p>\n

Looking for Inflation in All the Wrong Places<\/p>\n<\/blockquote>\n

My readers know we have been buyers of dips in oil<\/span> and gold<\/span>.<\/p>\n

And that got us wondering about Bitcoin<\/span>.<\/p>\n

The next to the last page of the Outlook, we call Bitcoin <\/p>\n<\/p>\n

\n<\/p>\n<\/blockquote>\n

With the outperformance versus the SPY<\/span> in September, while currently slightly underperforming, what\u2019s next for our adolescent?BTC\/USD-Daily Chart<\/span><\/p>\n

Here are some of the recent headlines about Cryptocurrencies, specifically Bitcoin.<\/p>\n

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Prince Filip of Serbia Bitcoin is an \u201copen secure protocol akin to the internet\u201d.<\/strong><\/p>\n

Ark Invest Research forecast $1.48 million bull case for Bitcoin<\/strong><\/p>\n

Deadline for the SEC to hear Grayscales\u2019 appeal for a spot Bitcoin ETF<\/strong><\/p>\n

President of Madiera welcomes Bitcoin<\/strong><\/p>\n

Paul Tudor Jones \u201cBitcoin should \u201cprobably take on a larger percentage of your portfolio<\/strong><\/p>\n<\/blockquote>\n

We find the 2 most interesting headlines are those of Cathie Wood and PTJ.<\/p>\n

Both bulls, one with a great track record and one with a horrific one.<\/p>\n

So, could they both be wrong?<\/p>\n

The chart of BTC\/USD<\/span> dissected:<\/p>\n