Bitcoin’s ‘Coiled Spring’ Setup Has Economist James Thorne Bullish On The ‘Next Big Trade’

• James Thorne, chief market strategist at Wellington-Altus, called Bitcoin a "coiled spring" and the market's "next big trade" on Friday.

• He tied the call to a thesis that the U.S. should grow out of debt through supply-side, non-inflationary growth.

• He ranked Bitcoin above gold and Micron Technology, and reinforced Bitcoin's role as a "neutral asset" in a digitizing global economy.

James Thorne, PhD Economist and Chief Market Strategist at Wellington-Altus, doubled down on his bullish Bitcoin (BTC) call, calling the cryptocurrency a "coiled spring" and the market's "next big trade."

Speaking in an interview with Mark Moss on Friday, Thorne made the case for a macro thesis that the U.S. should grow out of debt through supply-side and non-inflationary growth rather than through a war. According to him, Bitcoin was one of the clearest beneficiaries of that shift.

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Thorne singled out Bitcoin among all the other assets when he was asked where he saw the next big trade for investors who can hold through volatility. "It's not gold, I think gold can double from here. It's not Micron (MU); Micron can double from here, but you've got this - Bitcoin is a coiled spring," he noted.