CEO Hedgeye Explained Bitcoin Sale …

CEO Hedgeye explained the sale of bitcoin by the entry of the economy into the “fourth quarter”

Hedgeye Risk Management CEO Keith McCulloch Explains Reasons For His Decision To Liquidate Bitcoin Position This Week.

According to McCulloch, the US economy is in the fourth quarter (English – Quad 4) – the only unfavorable for maintaining long positions in Bitcoin. The concept of quarters is an integral part of the Growth Inflation Policy (GIP) model, which defines the characteristics of various economic regimes..

The fourth quarter is characterized by a slowdown in growth and inflation. “The fourth quarter is the lowest point in the economic cycle. Our entire macroeconomic research business is based on the idea of ​​reducing losses during the fourth quarter, ”explains McCulloch..

Back in late September, he said that in those conditions, it was right to hold a long position on Bitcoin. Now his company is aligning its strategy with deflationary expectations in the short term. According to the manager, the dollar demonstrates strength against the Japanese yen for the first time in recent months.

CEO Hedgeye Explained Bitcoin Sale ...

“You can take long and short positions, but there are important moments in time when you should not stay in a long, to which you are ideologically tied in a macroeconomic environment,” he wrote earlier.

McCulloch observed that bitcoin holders did not heed his advice: “I expected more from the bitcoin nation. I thought they did the calculations. Instead, they follow stories and emotions. “.

CEO Hedgeye Explained Bitcoin Sale ...

Similar articles

  • Bitcoin price exceeded $ 18 800…

    Bitcoin price surpassed $ 18,800. Less than 5% to historic highs Bitcoin made another move above local highs on Friday night…

  • Bitcoin rate approached the mark…

    The bitcoin rate approached the $ 17,000 mark for the first time in the new year.Bitcoin continues to recover after the New Year’s correction, and today…

  • Bitcoin price exceeded $ 19,000…

    The bitcoin rate exceeded $ 19,000 for the first time since December 2017.The bitcoin price surpassed the psychologically significant level of $ 19,000, taking another step towards…

  • Bitcoin rate rose for the first time…

    Bitcoin rate for the first time rose above $ 8100 The rate of the largest cryptocurrency first rose above the $ 8100 level this Sunday. According to the data…

  • Bitcoin miners’ income in August…

    Revenues of Bitcoin miners in August rose by a quarter to $ 368 million Revenues of Bitcoin miners in August reached $ 368.3 million, according to The…