Bitwise CIO says: Rate hikes, inflation, recession, AI bubble—whatever the scenario, the endgame is BTC going up. “All roads lead to Bitcoin.”

That’s only half true. When a real recession hits, liquidity dries up first, and BTC gets crushed right alongside the Nasdaq. Survive first, then talk about the endgame. It’s not that macro doesn’t matter; macro without leverage is what matters.

$BTC