There’s a macro story for owning Bitcoin – record low yields, or even negative yields, with global debt at record levels poised to reach $277 trillion by the end of the year, or a debt-to-GDP ratio of 365%. This puts governments and corporations at risk to service the debt during economic downturns in future, which would most likely be refinanced by issuing even more bonds/debt – fueling the belief that debt is basically unlimited and governments can issue unlimited money at their own will. This macro backdrop, alongside growing institutional adoption of Bitcoin – some publicly listed companies like Microstrategy even publicly announcing that it has added US$1B worth of Bitcoin onto their balance sheet in 2020 – are making the case of owning Bitcoin even more attractive. Bitcoin as a digital alternative to gold J.P. Morgan published a report saying that some investors that previously invested in gold ETFs such as family offices, may be looking at Bitcoin as alternative to gold....