A reminder to investors of all stripes: you don't need to wear a drawdown in Bitcoin (or any asset) just because someone with "laser eyes" says to buy and hold at all times.
At Hedgeye we manage risk, and if you did that properly, you would have handled the 1700 basis points divergence between gold and Bitcoin in February. That difference was fueled by a Quad 4 environment - but one that could soon be reversing.
"[Bitcoin] is trying to make up its mind. It's got 3 or 4 days left of that. So what do you do? You wait and you watch," Hedgeye CEO Keith McCullough explains in this clip from The Macro Show. "Everything is a number. The question is, do you see it?"
Stay on top of managing risk by subscribing to The Macro Show.
