Bitcoin's Price Predictability Challenged by Veteran Investor

A veteran investor says that Bitcoin's price is predictable and has almost no correlation to news or adoption. According to this expert, Bitcoin's biggest driver is actually global liquidity, with a staggering 87% correlation.

This means that Bitcoin's price action can be largely attributed to the state of global currency debasement, rather than any revolutionary change in the market.

The investor also notes that interest payments are already accounted for, implying that the next decade of price action is 'already baked in.'

This perspective raises questions about whether Bitcoin is indeed a predictable asset, driven by mathematical equations rather than unpredictable market forces.