A couple of macro thoughts : A huge contributing factor to the bull market we have enjoyed the last 22 months in crypto and risk assets (and prior to the 2020 crash, both the longest and strongest equity bull market history of 12 years) has been mainly due to the Federal Reserve’s ability to keep interest rates low ( via monetary policy) whenever we had a crisis because.. well, congress (fiscal policy) has been pretty useless. that is until the pandemic of 2020. When we saw a 40% decline in t...