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James E. Thorne wrote that the Bitcoin halving cycle is no longer a dominant factor influencing the market. He compared the current structural transformation in the global market to the impact that China’s entry into the World Trade Organization had on commodities. Thorne also described the financial industry as underinvested in this evolving landscape and failing to recognize the significance of these changes.
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Thorne previously pointed out that hedge funds’ growing presence in the bond market is challenging old notions about smart money and credit markets. He also noted that Micron is trading at less than seven times 2027 consensus earnings, as investors remain cautious about its long-term prospects despite AI-related gains in earnings. These observations illustrate Thorne’s ongoing focus on structural shifts in financial sectors.