Block Scholes Research

Block Scholes Research

Friday May 16, 2025

Historically BTC's returns have been driven by three main drivers. One of these drivers, mainly the macroeconomic backdrop is posing strong headwinds for risk-on assets. With BTC's strong correlation to US equities, one would expect it too could suffer fr

Andrew Melville's avatar
Andrew Melville
May 16, 2025
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Crypto Is Macro (At Least Partially)

Historically, BTC’s returns have been driven by three separate factors and, two months into 2025, it is clear how each of those factors can individually impact pri…

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