Bitcoin (CRYPTO: BTC) dropped below $70,000 on Friday morning after the U.S. economy unexpectedly shed 92,000 jobs in February, and macro analyst Benjamin Cowen warned the March rally was a textbook bull trap that may now be over.What HappenedNonfarm payrolls came in at negative 92,000, far below the 59,000 consensus and a sharp reversal from January’s revised 126,000 gain. Unemployment rose to 4.4%. The SPDR S&P 500 ETF Trust (NYSE:SPY) fell below 6,800 as oil headed for its biggest weekly gain since the e ...

Core Viewpoint - The debate between Bitcoin and gold has intensified as investors reassess inflation risks and monetary policy, reflecting broader sentiments about the trajectory of the American economy [1] Group 1: Bitcoin vs Gold - Bitcoin is framed as a speculative bet on the success of Trump's economic policies, while gold represents a bet on America's economic failure [2] - Rising demand for gold indicates a lack of confidence in the current economic reforms and the ability to manage excessive debt [3][4] Group 2: Economic Perspectives - Investors favoring gold are betting on continued monetary expansion and debt accumulation in the US [4] - The traditional view suggests that the only way out of excessive leverage is through printing money and currency debasement [5] Group 3: Future Outlook - Bitcoin symbolizes confidence in potential regulatory clarity and policy shifts that could establish the US as a global crypto hub [5] - The contrasting views suggest that gold reflects skepticism about America's ability to overcome fiscal challenges, while Bitcoin embodies hope for reform-driven growth [6] Group 4: Implications of Economic Policies - If Trump's economic program succeeds, it could lead to a shift in Wall Street's focus from generating rent for bondholders to providing credit for builders, challenging the current gold-centric narrative [7]

Macroeconomic Analysis - Macroeconomic data suggests a clear path for central banks, with CPI & PPI showing no significant change [1] - Annual revision of job data reveals a drop of 911,000 jobs, the largest in history [1] - The fund suggests that monetary expansion and rate cuts are likely as the FED aims to stimulate the economy and prevent a recession [1] Investment Strategy - The fund indicates that this environment is typically favorable for risk-on assets [2] - The fund continues to seek opportunities in the markets through ETH and Altcoins [2]

Fund Performance - The fund achieved a 1221% return in the first two months [1] - Expects to have a positive return in September [1] Market Outlook - This week is likely going to be a big milestone for macro directions on the markets [1] - Assumes to be close to the peak on Gold & about to see a strong run on the markets [1] - High volatility would generate a positive return on assets [1] Macroeconomic Analysis - Macroeconomic data provided a clear pathway for the central banks last week [1] - CPI & PPI weren't a big change [2] - The annual revision of the job data caused a drop of 911000 jobs, the largest in history [2] - Monetary expansion is evident [2]