The AWS Outage: A Wake-Up Call for Digital Resilience
In this note, we consider the impact of the recent AWS outage and what it revealed about the balance between resilience and reliance in the digital age. Some parts of crypto held firm, while others faltered, offering a useful snapshot of how far the sector has come,...
Bitcoin Is A Long Term Buy – Chainletter 68
There’s a strong two-way pull in the bitcoin market at the moment. For those wanting long term capital appreciation, however, these are the rare moments to get involved. The technical picture tells us that a lot of caution has already been built into the price....
Crypto Crumble
Last night the bottom fell out of the crypto market. The trigger seems to have be a renewed round of punitive trade tariffs imposed by Donald Trump on China. Read our initial thoughts...
You Can Have Bitcoin ETNs, But You Can’t – CHAINLETTER 67
On the 5th anniversary of the original banning of bitcoin ETFs in the UK, and despite the promises, it seems we’ve hardly advanced at all. Technical Bitcoin gently grinds higher to a new high. US$650,000 bitcoin fair valuation as volatility remains subdued. Macro You...
Bitcoin US$650,000 – CHAINLETTER 66
A look at bitcoin valuation through the lens of inverse volatility. A look at the Inverse Volatility of bitcoin and gold suggests to us that in relative terms bitcoin is massively undervalued. With gold at US$3,881/oz, bitcoin should be around US$650,000, a five-fold increase from here. Even if you disagree with the detail, that’s a huge margin of safety. Take a look at the calculations and let us know what you think.