TechFlow News, March 16: Arthur (@arthur0x), CEO of DeFiance Capital, stated that the current moment marks only the beginning of a long-term bullish position on cryptocurrencies and bearish position on equities. The USDC supply hit its bottom over a month ago and has since rebounded to an all-time high. This trend explains why Circle’s stock ticker $CRCL has nearly doubled from its lows.
Earlier, on March 12, Arthur noted that Bitcoin and cryptocurrencies are ideally positioned to serve as genuine geopolitical and sovereign hedges during turbulent times, and characterized “long crypto + short equities/high-yield credit” as the optimal long/short trading strategy in today’s market.
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