Following the U.S. Election, Hedgeye’s long position in Bitcoin surged +17% over the weekend, hitting new highs above $84,000.
On The Macro Show today, Hedgeye CEO Keith McCullough reviewed his bullish crypto signals, highlighting Hedgeye’s recent Bitcoin buy signals in the weeks leading up to the election. Hedgeye subscribers are seeing the payoff. “You’re either in or you’re not,” McCullough stated.
Alongside Bitcoin, the U.S. Dollar—another Hedgeye long position—has been breaking out as well. “These two are essentially daring the government to keep piling on deficits and debt,” McCullough commented, with the national debt nearing $36 trillion.
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