Bitcoin Starts To De-Couple

Oct 4, 2023 | Chainletter

You would think in a risk-off environment that bitcoin and crypto would be the first casualties. Quite the opposite. This is an important moment for this nascent asset class. Will bitcoin be a genuine portfolio diversifier? We introduce Render, a fascinating crypto...
Why Bitcoin, Why Now?

Why Bitcoin, Why Now?

Oct 2, 2023 | Research

Honestly, I’ve got lots of sympathy for those who think bitcoin is the plaything of a bunch of degenerates and computer nerds. The space has been rife with scams, scandals and rampant volatility. The media portray it as not just useless, but actively dangerous. And...

Bitcoin Faces Its True Test

Sep 27, 2023 | Chainletter

The macro picture is as uncertain as it has been for some time, and markets look badly distorted. It’s an environment that will test bitcoin, but it will be transformational if it holds steady. In the broader crypto arena we see the first signs of price...
Bitcoin And The Liquidity Cycle

Bitcoin And The Liquidity Cycle

Sep 22, 2023 | Chainletter

A solid bounce in the price can’t disguise the fact that trading activity is somnambulant. But under the surface activity is frenetic. Giants of their industries, CitiGroup and Grab, explore the technology. In a world with US$350 trillion of debt, liquidity is...
Bitcoin And The Liquidity Cycle

Bitcoin Versus The Dollar

Sep 14, 2023 | Chainletter

Bitcoin’s dominance in the sector continues to grow, as regulation puts pressure on Ethereum activity. Meanwhile the IMF’s treatment of crypto raises a mirror to the problems US$ hegemony poses for emerging nations, who are forced to vote against the one thing that...