The growth of fees on the Bitcoin Network is a game changer. It also enables a more robust valuation framework, which we present for the first time here. We suggest that the politicians are ready to let the US economy run hot in election year, and look at relative performance versus Tech stocks and Gold. Outperformance against the former happens in short bursts and this one has started. Lastly, we received some really lovely feedback from the inaugural crypto bootcamp – I urge you to give it a go!
- Technical analysis BTC performance relative to tech and gold will drive an institutional U-turn
- On-Chain The growth of fees enables a new bitcoin valuation framework – the Miner Reward Multiple (MRM)
- Macro US politicians are running the economy hot in election year
- Cryptoverse Warren turns nasty, Argentina indicates payments in crypto
- Crypto Bootcamp Feedback from the first day
