Bitcoin on Track for 'Historically Strong' Bull Run: Strive CEO
Strive CEO Matt Cole believes that the bear market has ended and a strong bull run is on the horizon. He cites two main reasons for this optimism: the weakening dollar and the AI-driven pursuit of scarcity in the 'abundant era.'
The dollar's potential long-term decline would provide a favorable environment for Bitcoin, which has never experienced such a macroeconomic backdrop before. Additionally, as technology continues to advance and make things more replicable, capital will increasingly focus on assets that are scarce and cannot be easily replicated.
Cole notes that the BTC/Gold ratio is an important indicator of whether Bitcoin is regaining its relative leadership position against gold. He believes that if both funds flowing into gold and Bitcoin increase, but Bitcoin starts to outperform gold, it would indicate a strong opportunity brought about by the combination of these two structural forces.
Cole's team at Strive has designed their investment strategy with this framework in mind, aiming to maximize returns while maintaining a responsible capital structure. They believe that participating in potential price growth through direct Bitcoin exposure is more effective than waiting for businesses to generate cash flows and then investing in Bitcoin later.