Hedge fund manager Hugh Hendry is taking a bullish stance on Bitcoin and predicting lower interest rates in the near future.
He notes that market strategies targeting reduced volatility always face two key risks: either major tech companies could skyrocket in value to match the country’s GDP, or interest rates could rapidly drop to zero.
Hendry’s current approach involves holding Bitcoin and options that bet on the Federal Reserve cutting interest rates below 2% by the end of 2025. While there’s a chance Bitcoin might not perform as expected while stocks rise, he’s willing to accept that risk.
He compares Bitcoin’s relatively small market cap of $1 trillion to the enormous $13 trillion value of the top tech firms, suggesting that banks should be cautious about relying on these high valuations as collateral.
Unlike stable assets like Treasury bills, stocks at these levels have historically seen sharp declines relative to GDP.
Cryptocurrency expert Benjamin Cowen has shared his thoughts on the potential end of Bitcoin’s (BTC) bull run, cautioning that a key price level could signal the shift.
For the first time, Goldman Sachs, the world’s second-largest investment bank, has acknowledged cryptocurrencies in its annual shareholder letter.
A significant legal development has taken place in the ongoing bankruptcy proceedings of the collapsed crypto hedge fund, Three Arrows Capital (3AC).
BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has surpassed $1 billion in tokenized assets as of March 2025.