© Reuters
Investing.com – Cryptocurrency tycoon Mike Novogratz has made a bold claim on the , calling it a “report card” for monetary policy and financial stability.
The investor made the statement on Twitter (NYSE:), saying that Bitcoin was dreamed up for the current economic climate.
On a risk-adjusted basis, it joined recent findings from Goldman Sachs (NYSE:), highlighting BTC as the year’s best-performing asset, outperforming growth stocks, banks and major equity indices. .
Novogratz also shared a study published by his company Galaxy, which shows that the data on the is increasingly positive.
The study looks at performance, on-chain, and supply data, and shows the main reason bitcoin proponents continue to be bullish.
The article states that the flagship cryptocurrency’s correlation with is increasing, while its correlation with stocks is decreasing, indicating that it behaves more like a safe haven in times of crisis.
According to Galaxy, positive on-chain metrics suggest increasing accumulation, broader ownership, and longer holding periods for bitcoin. The scheduled halving, which has historically led to long-term bull cycles, could signal another major bull cycle for the world’s largest cryptocurrency, the report adds.