Ausbiz – the Bitcoin bull case
Today, I joined Juliette Saly on Ausbiz to discuss what’s powering Bitcoin’s bull case. I explained that Bitcoin is highly sensitive to global central bank liquidity which has been rising since late 2022. With over US$300 trillion in global debt that requires constant refinancing – central banks are forced to inject liquidity, effectively deflating the U.S. dollar. That’s why Bitcoin, like gold, is increasingly being seen as a natural hedge.
Adoption is also broadening with institutions, exchange-traded funds (ETFs) and major payment networks (like Visa and PayPal) now enabling cryptocurrency transactions – further propelling the asset class’s popularity.
Finally, I shared my thoughts on the financial year 2025 reporting season, where resilient results from retailers (such as ARB, JB Hi-Fi and Super Cheap Auto) suggest consumer sentiment may be starting to improve, despite the tough macro backdrop.
Catch the episode on Ausbiz here: What’s powering Bitcoin’s bull case?
Disclaimer
The Montgomery Small Companies Fund, The Australian Equities Fund, The Montgomery [Private] Fund, and The Montgomery Fund own shares in ARB Corporation. This article was prepared 21 August 2025 with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade ARB Corporation, you should seek financial advice.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
He is also author of best-selling investment guide-book for the stock market, Value.able – how to value the best stocks and buy them for less than they are worth.
Roger appears regularly on television and radio, and in the press, including ABC radio and TV, The Australian and Ausbiz. View upcoming media appearances.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
