Global Economics, Markets, and Investment Strategy by Peter Berezin

Peter Berezin is Chief Global Strategist and Director of Research at BCA Research, a global leader in macroeconomic forecasting. His role involves publishing the firm’s Global Investment Strategy, read by over 2,000 institutional clients across asset management, central banking, and sovereign wealth funds. With a Ph.D. in Economics from the University of Toronto, Berezin has also worked at Goldman Sachs and the International Monetary Fund. His macro frameworks cover equity cycle timing, credit risk, and liquidity modeling, with recent emphasis on AI’s economic productivity effects and digital asset correlations.

Berezin remains skeptical of Bitcoin’s role in asset allocation. In January 2025, he described Bitcoin as “speculative tech equity with zero real yield” and forecast a decline to USD 45,000 under stagflationary conditions. His model assigns low forward returns to crypto, citing decreasing network growth and ETF saturation risk. BCA Research continues to publish crypto macro reports, though with lower allocation weightings than traditional commodities or frontier equities. Berezin’s lectures at Wharton and University of Toronto include monetary policy under decentralized capital, though without direct promotion of crypto-based systems. His work on fiat volatility and capital flow models has received renewed attention in debates over stablecoin regulatory frameworks.