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Blockforce capital July digital asset Commentary
https://medium.com/blockforce-capital/blockforce-capital-july-digital-asset-commentary-a96dd95bbf64
Global assets were relatively unchanged in July, with bitcoin being the largest performance detractor at -6.8%. This muted performance across the board hides many important macroeconomic events that transpired in July, including:
The first Fed rate cut since the 2008 financial crisis;
The up-tick in negative bond yields across many developed countries;
US equity markets teetering near all-time highs;
Continuing China/US trade war;
Ongoing regulatory scrutiny of Facebook’s Libra; and
Continuing lower than targeted inflation rates across the board.
