Tuur Demeester believes the bear market in bonds could reshape traditional portfolio management
Bitcoin
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In a recent interview CryptoSlate Renowned bitcoin research analyst Tuur Demeester of Adamant Research shared his journey into the world of Bitcoin at BTC Prague 2024 and offered insightful perspectives on the current state and future of digital assets adoption.
From shoes to Satoshi
Demeester’s path to Bitcoin started in an unconventional way. Before becoming an analyst, he worked various odd jobs, such as selling shoes and creating websites. His interest in the Austrian economy and trade cycle eventually led him to global macroanalysis.
In 2011, a publisher noticed his talent and offered him a position as a financial newsletter writer. Through this role, Demeester discovered Bitcoin and began integrating it into his analysis.
By 2013, he devoted himself full-time to Bitcoin and has remained an independent analyst ever since.
Separating Bitcoin from Altcoins
Demeester was initially able to differentiate Bitcoin from other digital assets. It highlights the importance of understanding system design and architecture, which is lacking in many altcoins.
Projects like dogecoin, launched as a joke and poorly maintained, exemplified the shortcomings of many altcoins. In contrast, Bitcoin’s strict maintenance and robust protocol have given it a lasting advantage.
Looking ahead to 2024, Demeester predicts an important year for Bitcoin adoption, primarily with the approval of Bitcoin ETFs. He believes this will give the global banking population easy access to Bitcoin and potentially allow institutions to include Bitcoin on their balance sheets.
Acknowledging that financial advisors need to educate themselves, Demeester sees this as an incredible turning point for Bitcoin.
When discussing the performance of Bitcoin ETFs in other countries such as Canada, Europe, and Australia, Demeester emphasized the unique position of the United States as a financial powerhouse.
The combination of organized financial products, a robust execution system, and deep liquidity creates a virtuous cycle that draws global focus to U.S.-based financial products. This is in stark contrast to other regions where similar products have struggled to gain traction.
Challenges in the UK and Europe
CryptoSlate analyst James van Straten expressed disappointment that the UK’s Financial Conduct Authority (FCA) does not allow retail access to Bitcoin ETFs. He suggested that Britain’s reluctance stemmed from its preference to keep money within the economy through traditional financial products.
This restriction is forcing UK investors to look for alternative methods, such as speculating in Bitcoin miners or companies such as MicroStrategy.
Political Implications
On the political front, Demeester observed the evolving stance against Bitcoin of leading US political figures. He noted that Donald Trump’s unexpected support for Bitcoin could significantly impact the upcoming presidential election, turning it into a “Bitcoin election”.
In contrast, Democrats appear to be closing the gap with key figure Gary Gensler, who remains reluctant to endorse Bitcoin.
ethereum and Bitcoin
When comparing Ethereum to Bitcoin, Demeester noted Ethereum’s underperformance between cycles and inconsistent monetary policy.
He argued that Ethereum’s frequent hard forks and policy changes undermine its credibility as a store of value. In contrast, Bitcoin’s consistent and predictable monetary policy increases its appeal.
Market Dynamics and Economic Trends
Demeester also touched on broader economic trends, including the current bear market in bonds, that are reshaping traditional portfolio management theories.
Although he predicted that the potential global liquidity crunch could temporarily impact Bitcoin, he remained optimistic about its long-term prospects.
The Future of Bitcoin Adoption
Finally, Demeester predicted that there will be a significant wave of public companies adopting Bitcoin. He believes the adoption of Bitcoin strategies will become increasingly common as companies seek to re-evaluate and manage their price-to-earnings ratios. He argued that this trend will further increase the mass adoption of Bitcoin.
In conclusion, Tuur Demeester’s views paint a compelling picture of Bitcoin’s journey from a niche investment to a mainstream financial asset. With Bitcoin ETFs approved and institutional interest growing, 2024 promises to be a pivotal year for Bitcoin adoption.
Mentioned in this article
Posted in: Featured, Interview
#Tuur #Demeester #believes #bear #market #bonds #reshape #traditional #portfolio #management
Bitcoin
-mass-adoption.jpg” />
In a recent interview CryptoSlate Renowned bitcoin research analyst Tuur Demeester of Adamant Research shared his journey into the world of Bitcoin at BTC Prague 2024 and offered insightful perspectives on the current state and future of digital assets adoption.
From shoes to Satoshi
Demeester’s path to Bitcoin started in an unconventional way. Before becoming an analyst, he worked various odd jobs, such as selling shoes and creating websites. His interest in the Austrian economy and trade cycle eventually led him to global macroanalysis.
In 2011, a publisher noticed his talent and offered him a position as a financial newsletter writer. Through this role, Demeester discovered Bitcoin and began integrating it into his analysis.
By 2013, he devoted himself full-time to Bitcoin and has remained an independent analyst ever since.
Separating Bitcoin from Altcoins
Demeester was initially able to differentiate Bitcoin from other digital assets. It highlights the importance of understanding system design and architecture, which is lacking in many altcoins.
Projects like dogecoin, launched as a joke and poorly maintained, exemplified the shortcomings of many altcoins. In contrast, Bitcoin’s strict maintenance and robust protocol have given it a lasting advantage.
The Year of Mass Adoption
Looking ahead to 2024, Demeester predicts an important year for Bitcoin adoption, primarily with the approval of Bitcoin ETFs. He believes this will give the global banking population easy access to Bitcoin and potentially allow institutions to include Bitcoin on their balance sheets.
Acknowledging that financial advisors need to educate themselves, Demeester sees this as an incredible turning point for Bitcoin.
Comparison of International Markets
When discussing the performance of Bitcoin ETFs in other countries such as Canada, Europe, and Australia, Demeester emphasized the unique position of the United States as a financial powerhouse.
The combination of organized financial products, a robust execution system, and deep liquidity creates a virtuous cycle that draws global focus to U.S.-based financial products. This is in stark contrast to other regions where similar products have struggled to gain traction.
Challenges in the UK and Europe
CryptoSlate analyst James van Straten expressed disappointment that the UK’s Financial Conduct Authority (FCA) does not allow retail access to Bitcoin ETFs. He suggested that Britain’s reluctance stemmed from its preference to keep money within the economy through traditional financial products.
This restriction is forcing UK investors to look for alternative methods, such as speculating in Bitcoin miners or companies such as MicroStrategy.
Political Implications
On the political front, Demeester observed the evolving stance against Bitcoin of leading US political figures. He noted that Donald Trump’s unexpected support for Bitcoin could significantly impact the upcoming presidential election, turning it into a “Bitcoin election”.
In contrast, Democrats appear to be closing the gap with key figure Gary Gensler, who remains reluctant to endorse Bitcoin.
ethereum and Bitcoin
When comparing Ethereum to Bitcoin, Demeester noted Ethereum’s underperformance between cycles and inconsistent monetary policy.
He argued that Ethereum’s frequent hard forks and policy changes undermine its credibility as a store of value. In contrast, Bitcoin’s consistent and predictable monetary policy increases its appeal.
Market Dynamics and Economic Trends
Demeester also touched on broader economic trends, including the current bear market in bonds, that are reshaping traditional portfolio management theories.
Although he predicted that the potential global liquidity crunch could temporarily impact Bitcoin, he remained optimistic about its long-term prospects.
The Future of Bitcoin Adoption
Finally, Demeester predicted that there will be a significant wave of public companies adopting Bitcoin. He believes the adoption of Bitcoin strategies will become increasingly common as companies seek to re-evaluate and manage their price-to-earnings ratios. He argued that this trend will further increase the mass adoption of Bitcoin.
In conclusion, Tuur Demeester’s views paint a compelling picture of Bitcoin’s journey from a niche investment to a mainstream financial asset. With Bitcoin ETFs approved and institutional interest growing, 2024 promises to be a pivotal year for Bitcoin adoption.
Mentioned in this article
Posted in: Featured, Interview
#Tuur #Demeester #believes #bear #market #bonds #reshape #traditional #portfolio #management