Calls
1
Adam Back
Co-founder and CEO of Blockstream
Win Rate
100.0%
return
+0.8%
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Ticker
Side
Mentions
First Call
Call Price
P&L
Thesis
Theme
Source
Long
Feb 23
$64656.02
+0.8%
"In the short term Bitcoin follows along [macro/geopolitics]. In the long term it's decorrelated basically." Back attributes the recent 25-40% drop to "geopolitical uncertainty and news flow about tariffs." The current downturn is driven by temporary macro correlations rather than a breakdown in the asset's fundamentals. The long-term thesis of decorrelation remains intact, suggesting the current price is a discount driven by external noise. LONG (Long-term hold). Prolonged geopolitical instability or regulatory crackdowns could extend the period of high correlation with risk assets.
"In the short term Bitcoin follows along [macro/geopolitics]. In the long term it's decorrelated basically." Back attributes the recent 25-40% drop to "geopolitical uncertainty and news flow about tariffs." The current downturn is driven by temporary macro correlations rather than a breakdown in the asset's fundamentals. The long-term thesis of decorrelation remains intact, suggesting the current price is a discount driven by external noise. LONG (Long-term hold). Prolonged geopolitical instability or regulatory crackdowns could extend the period of high correlation with risk assets.
Crypto Assets
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Adam Back has 1 trade ideas tracked on Buzzberg across 1 tickers since February 2026. Most covered: BTC.
