Bitcoin may be the beneficiary of a so-called “perfect storm”, according to industry research firm Delphi Digital, which recently released their quarterly macroeconomic-centric newsletter.<\/p>\n
In a recent Twitter thread breaking down their report, Delphi, backed by Anthony Pompliano,<\/a> known for his catchphrase “Long Bitcoin, Short the Bankers”, made their case.<\/p>\n Firstly, they note that Bitcoin continues to remain totally uncorrelated (not positive or negative correlation) from key indices, like the S&P 500. Per Delphi, this is a sign that Bitcoin’s status as “digital gold” is being realized.<\/p>\n This uncorrelation comes in spite of the fact that there have been growing geopolitical and macroeconomic tensions, like the trade war between the U.S. and China, that have hurt many investments.<\/p>\n 0\/ The Perfect Storm for Bitcoin is Brewing. — Delphi Digital (@Delphi_Digital) August 3, 2019<\/a><\/p><\/blockquote>\n\n
Our team just released our Quarterly Macro Outlook, which digs deep into the key drivers behind Bitcoin\u2019s long-term value proposition as a non-sovereign, digitally native store of value. Quick summary thread: https:\/\/t.co\/cBcvmbcNkr<\/a><\/p>\n