Bitcoin's (CRYPTO: BTC) may be setting up for a breakout moment, with Felix Jauvin dubbing it the “cleanest trade after the trade."
What Happened: In an article on April 17 on X, ‘Forward Guidance’ podcast host Jauvin said that he sees investors reducing risk and offloading positions.
Jauvin argues that Bitcoin is positioned to benefit from a global capital rotation unlike anything seen before in its history since it has been driven by three key factors:
- Investor appetite for high-beta risk assets
- Its correlation with gold
- Global liquidity
With the dollar weakening, U.S. equities underperforming global peers and gold hitting all-time highs, signs are building for a shift away from domestic markets and into borderless assets like Bitcoin.
Also Read: Unrealized Bitcoin Losses Hit All-Time High, Glassnode Says: Bear Market Signs?
Why It Matters: Jauvin sees Bitcoin as uniquely positioned offering global liquidity exposure without geopolitical baggage.
Unlike U.S. tech stocks or foreign equities vulnerable to tariffs, political risk, or trade wars, Bitcoin is non-sovereign and censorship resistant.
While the current environment is marked by deleveraging and volatility, the “trade after the trade” is Bitcoin.
Gold's current strength validates the shift in regime, and Bitcoin is likely to follow once the overhang of “degrossing” clears.
For a risk-seeking macro trader, Bitcoin offers asymmetric upside as a high-beta global liquidity asset that doesn't rely on the fortunes of any one country.
"You can't tariff Bitcoin," he notes, framing it as a macro hedge and clean play on global liquidity, especially as the rest of the world leans into fiscal expansion.
In this evolving macro environment, Fejau believes Bitcoin could finally decouple from U.S. equities and resume its trajectory as the "fastest horse"--a term famously used by Paul Tudor Jones to describe BTC's potential in past cycles.
"This market regime is what Bitcoin was built for," he concludes.
Read Next:
- Bitcoin Stuck Below $85,000: Bull Run Shakeout Or Bearish Downtrend?
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