Matrixport: Macro Shift Expected to Fuel Bitcoin's Next Rally

According to Matrixport, the financial markets may seem calm, but a major turning point may be on the horizon as gold, oil, treasuries and the dollar are all nearing breakout support levels. The situation suggests that significant macroeconomic changes are on the horizon, but it will take several months for their effects to be fully realized.

The sustainability of some of the policy proposals of the U.S. presidential candidates is in doubt, and while financial markets are predicting a winner, they are also concerned about the risk of a sharp rise in debt levels. Historically, bull markets start about 250 days before halving and last about 250 days.

When bond yields climb and the price of gold rallies at the same time, it is usually a sign that the economy is in a unique and somewhat contradictory environment, and Bitcoin is likely to be the main asset to benefit.