Research archive
Nature Abhors a Vacuum – CHAINLETTER 52
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,...
Not All Coins Deserve a Reserve – Digital Vision 13
Bitcoin dominance remains unshaken as Trump’s crypto reserve plan triggers short-lived rallies and deeper questions. Another week, another volatile move from Trump. After pushing Bitcoin to $110K on inauguration day, his policies have since sent prices tumbling. On...
Fear, Hacks, and Shakeouts – Digital Vision 12
The market is in extreme fear, ByBit just lost $1.5B, and MakerDAO is surging. Feeling the pain yet? This pullback has been brutal, but it’s nothing Bitcoin hasn’t survived before. In 2017 and 2021, we saw even deeper corrections, yet the market pushed higher. Right...
Crypto Correction – CHAINLETTER 51
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%...
Memecoin Madness Over? – Digital Vision 11
The year has kicked off with more chaos than expected, and this past week was no different. Instead of nation-states embracing crypto, world leaders are diving into memecoins, first the U.S. president launching one, now Argentina’s president caught in a rug pull....
Here Come The Suits – Digital Vision 10
While Bitcoin trades within a tight range, a few standout altcoins have taken the spotlight. PancakeSwap and Binance have led the charge, driving most of the drop in Bitcoin dominance. Both have been Digital Vision favourites, covered in previous editions. CPI data...
Gold Leads, Bitcoin Follows – CHAINLETTER 50
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 the...
DeFi Stars Weather the Storm – Digital Vision 9
Crypto markets faced a historic shakeout this week, with $560 billion wiped from the market cap in just 24 hours, the largest single-day crash ever. Yet, amidst the chaos, resilience shone through. At the Digital Assets Forum in London, industry leaders shared bold...
The Philosopher’s Stone and the Changing World Monetary Order
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...
Crypto Related Equities In Emerging Markets
In this note we scour the planet to see what crypto-related equities are available to the Emerging Market equity investor. It’s relatively thin pickings, but there are some interesting companies to keep your eye on. Of the listed companies we look at Mercado Libre,...
DeepSeek’s Disruption – Digital Vision 8
Another exciting, albeit volatile, week in crypto. While it feels like a lot has happened, Bitcoin is sitting almost exactly where it was this time last week. The same can’t be said for altcoins, with Bitcoin dominance creeping toward 60%, signalling weakness across...
Life After Google – Chain Letter 49
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...