Mar 26, 2025 | Chainletter
Global markets are in a state of flux. It is tempting to call for dramatic regime change, but there is a risk of hyperbole. Often things don’t change as much as we think they will. Still, amid the noise and confusion, sound money proves its worth....
Mar 12, 2025 | Chainletter
If you’re not willing to be the world’s policeman, surely you lose the “exorbitant privilege” of hosting the world’s dominant currency. There is nothing to fill that gap that will work for the long term except for bitcoin. Technical Back to the 280-day EMA,...
Feb 27, 2025 | Chainletter
Once again bitcoin has gone on sale. These are the moments to reflect on where this asset has come from and what it is capable of. A year ago, bitcoin had just had a huge bounce and was trading at US$64,000. At US$84,000, following a large correction, the price is 31%...
Feb 11, 2025 | Chainletter
Through the current bull phase, gold has led bitcoin, with one exception. With fund flows firm, volatility structurally declining and market euphoria cauterised, the bases are loaded. Technical: Gold leads, bitcoin follows – volatility, fund flows and back in...
Feb 7, 2025 | Chainletter
De-assetization is a long term risk for gold, as it has been for other stores of value. Bitcoin is the alternative. Countries and investors urgently need to understand the opportunity. A fascinating top-down look into the future of hard assets and the game theory...
Jan 31, 2025 | Chainletter
AI has probably used more energy composing articles about DeepSeek than anything else of late. This letter is hand-cranked, so this time we can’t be accused of wasting the planet’s energy, but the democratisation of AI, if that is what DeepSeek portends, could turn...
