Research archive
Bitcoin’s Big Test – CHAINLETTER 36
In my days as an Asian equity fund manager, several summer holidays were marmalised by big dislocations in markets. 2024 is starting to look at bit like those grim months in 2008, 2011 and 2015. In this edition we examine some of the reasons. At the core is a slowing...
The Summer Lull – CHAINLETTER 35
The bitcoin price is back in a range but there’s a lake of activity bubbling away. We see little in any of our analysis that undermines our belief that there will be a strong end to the year. The technical set-up is consistent with previous cycle behaviour and the...
Bitcoin In A World Of Political Fragmentation – CHAINLETTER 34
The UK General Election will starkly illustrate the scale of societal division. The role of a bloated State in setting us on this path is largely ignored. Government over-reach can be traced to financial ill-discipline and the egregious accumulation of peacetime debt,...
Bear Market Or Bear Trap – CHAINLETTER 33
Bitcoin and Ethereum have remained rangebound over the last fortnight, but elsewhere the crypto market has been having a tough time. Is this the start of a bear market, or is it a bear trap, designed to shake out weaker holders and present an opportunity to those with...
Bitcoin Poised To Break Out Again – CHAINLETTER 32
Everything we see now – technical, political, on chain, regulation – supports the view that the risk remains to the upside.
Back On The Bull – CHAINLETTER 31
The recent price action removes bitcoin from a precarious technical position. Our long-held case that the price would consolidate in this range before moving higher in mid-summer remains intact.
Fix Your Roof While The Sun Is Shining – CHAINLETTER 30
Bitcoin’s price is closely aligned to term premia.
Bitcoin Fights For Human Rights – CHAINLETTER 29
While the price continues its high-level consolidation, we analyse various factors that suggest the speculative froth has largely departed. This creates the perfect preconditions for a leg higher later this year.
Bitcoin Is A Slow Fix – CHAINLETTER 28
Markets are entering choppy waters, but Bitcoin is holding up strongly. This is an important phase. If BTC passes the test and proves to be lifeboat, it will roar. The technical set-up in this regard is encouraging. We examine the case for decentralisation, and look...
Bitcoin Becomes More Eco-Friendly – CHAINLETTER 27
Bitcoin’s energy usage has been a sore point in the past. Now the miners are turning the argument around. Bitcoin will eventually be seen as a force of good in the way energy is generated, distributed and managed.
Wiston Capital Teams Up With Copy-Trading Platform ICONOMI
Research driven approach to crypto investment
Have I Missed It (2) – A New Regime – CHAINLETTER 26
We continue to see more avenues for institutional adoption, this time in the UK