Julien Bittel, CFA

Latest positions

• JBJulien Bittel, CFAStrongly bullish on Bitcoin Expects Bitcoin to rise over time as perpetual currency debasement and liquidity drive it higher; the current correction will pass. “MOAR COWBELL (liquidity) = number go up over time. Zoom out and be more bullish…” Open the post I wanted to give everyone something meaningful, … · 24 Nov
• JBJulien Bittel, CFAFalling on GDP growth Expects GDP growth to remain structurally weak, with population and productivity growth falling for decades and debt the only thing filling the gap. “Population growth and productivity growth have been falling for decades. Debt growth is the only thing filling the gap.” Open the post I wanted to give everyone something meaningful, … · 24 Nov
• JBJulien Bittel, CFAFor on central banks Supports ongoing central bank stimulus and QE-style monetization to keep the system functioning amid demographic decline. “This reinforces the need for ongoing stimulus to keep the system functioning.” Open the post I wanted to give everyone something meaningful, … · 24 Nov
• JBJulien Bittel, CFABullish on Robotics Expects robotics adoption to keep expanding and displace labor at scale. “AI and robotics are replacing humans at scale, and we are only at the beginning.” Open the post I wanted to give everyone something meaningful, … · 24 Nov
• JBJulien Bittel, CFAFalling on productivity growth Expects productivity growth to stay sluggish, contributing to weak trend growth. “With weak population growth and sluggish productivity, the only way to keep GDP expanding is through debt.” Open the post I wanted to give everyone something meaningful, … · 24 Nov
• JBJulien Bittel, CFABullish on Bitcoin Expects Bitcoin's path of least resistance to be higher after oversold RSI readings, though bottoms take time to form. “the path of least resistance has on average been higher following the last five times Bitcoin’s RSI dropped below 30” Open the post Everyone is suddenly back to debating who to unf… · 21 Nov
• JBJulien Bittel, CFASharply rising on Empire Manufacturing Survey Expects the pick-up in the Empire Manufacturing Survey to continue, with the November upside surprise the first real confirmation the move is underway. Open the post The Empire Manufacturing Survey, the first of th… · 19 Nov
• JBJulien Bittel, CFARising on ISM Expects the ISM to pick up, given Bitcoin at ~$91,000 is pricing in an ISM of only about 46.3, meaning a lot of bad news is already in the price. “with Bitcoin trading at around $91,000, it is pricing in an ISM of roughly 46.3, which means a lot of bad news is already in the price” Open the post The Empire Manufacturing Survey, the first of th… · 19 Nov
• JBJulien Bittel, CFAStrongly bullish on Bitcoin Expects Bitcoin to be near the end of its corrective move, with a bottom forming this week and the cycle extending higher. “the probabilities are starting to lean heavily toward a bottom forming this week” Open the post These are all solid points.   Let’s take it one … · 18 Nov