Bitcoin — bear case downside update

It was my original intention to include Bitcoin in my year ahead outlook for 2024. However, I quickly realized that it would take up way too many pages. So I promised myself to send out a Bitcoin report by the middle of January. Here it is, 15th January, and I am thereby meeting my self-imposed deadline.

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NYH ULSD — the bear case is a sentiment issue

In a report dated 22nd December I outlined the bull case for ULSD prices.
This report is the compantion piece. It outlines the bear case.

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