Jan 19, 2024 | Chainletter
We argue that Bitcoin’s final quarter price action was driven predominantly by changing macro circumstances, rather than by the prospect of widespread institutional take-up in anticipation of US spot bitcoin ETF approvals. While the price of bitcoin has had a strong...
Jan 4, 2024 | Chainletter
2024 is a year that promises much for Bitcoin and crypto. The wreckage from the worst excesses of the last cycle lies behind us while bullish catalysts loom. It won’t be plain sailing, but better understanding of this revolutionary asset will continue to drive wider...
Dec 22, 2023 | Chainletter
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...
Dec 9, 2023 | Chainletter
Bitcoin’s burst through US$40,000 has triggered wider interest in the asset class. Where does it go from here? What names are we looking at among the altcoins and how are they performing? HODL waves show that a growing proportion of bitcoin owners are here for the...
Nov 30, 2023 | Chainletter
We update on where we are in the bitcoin cycle, while taking a look at valuations. Alternative assets, particularly gold and bitcoin, continue to demonstrate their importance in a world of uncertainty. Inflation might appear to be under control, but it’s too early to...
Nov 24, 2023 | Chainletter
Bitcoin has reached levels that suggest a pause for breath, which would be healthy for attracting and assimilating wider adoption. But it might not last long. Political developments are a signal of a growing disillusionment with big government, while fundamental...
