If, like us, you are finding debates on cryptocurrencies increasingly raucous and sterile, driven by convictions rather than facts, you might want to read on. In this edition of Fathom the Strategy, we aim to cut through the noise and examine the macro drivers of Bitcoin. We ask the following questions: how much of Bitcoin’s returns can be explained by macro factors? Which macro factors are more important? How does Bitcoin compare to the more established asset classes that it…