Research archive
Have I Missed It (1)? – CHAINLETTER 16
The sharp price rises over the last 5 weeks will have many a-gnashin’ and a-wailin’ about whether they’ve missed this move in the crypto market. Bitcoin has risen around 33.5% since the start of September, in a move remarkably uncorrelated with other asset classes....
Don’t Argue With Cryptographic Truth – CHAINLETTER 15
Bitcoin’s sector dominance is sending a strong message about differences in asset quality in the crypto sector. Understanding definitional differences is helpful in getting to grips with the sector and we provide a guide. Are there other factors besides the possible...
Bitcoin Decouples From Old And New – CHAINLETTER 14
It’s been a seminal week for bitcoin. Not only has it moved sharply higher, but it’s done so while other asset classes have struggled. This makes it harder for investors to ignore. In a time of rising political tensions, we argue that bitcoin stands for peace....
CRYPTO BOOTCAMP! Don’t understand crypto? Then book your spot here…
I'm delighted to be working with the team at Incrypto Hub to bring you Crypto Bootcamp, an introduction to blockchain technology. Our inaugural session will take place on Wednesday 13th December at Pratts, right in the heart of St James's, London. Book yourself in now...
Oil, Inflation Volatility, Gold And Bitcoin
The 1970s were the last period of sustained inflation volatility, when gold was the investment lifeboat. Is the oil price - again - going to be behind a similar era? Will bitcoin be the gold of this new age? Or better? Meanwhile, Ferrari accepts payment in crypto,...
Broken Money and Small Boats
Egypt and Turkey are examples of the continued plight of emerging nations. Is this related to US$ global hegemony? ETH has been a poor performer relative to BTC, why? El Salvador uses volcanos for mining. Liquidity Mining is the fourth part in our series on passive...
Bitcoin Starts To De-Couple
You would think in a risk-off environment that bitcoin and crypto would be the first casualties. Quite the opposite. This is an important moment for this nascent asset class. Will bitcoin be a genuine portfolio diversifier? We introduce Render, a fascinating crypto...
Why Bitcoin, Why Now?
Honestly, I’ve got lots of sympathy for those who think bitcoin is the plaything of a bunch of degenerates and computer nerds. The space has been rife with scams, scandals and rampant volatility. The media portray it as not just useless, but actively dangerous. And...
Bitcoin Faces Its True Test
The macro picture is as uncertain as it has been for some time, and markets look badly distorted. It’s an environment that will test bitcoin, but it will be transformational if it holds steady. In the broader crypto arena we see the first signs of price...
Bitcoin And The Liquidity Cycle
A solid bounce in the price can’t disguise the fact that trading activity is somnambulant. But under the surface activity is frenetic. Giants of their industries, CitiGroup and Grab, explore the technology. In a world with US$350 trillion of debt, liquidity is...
Bitcoin Versus The Dollar
Bitcoin’s dominance in the sector continues to grow, as regulation puts pressure on Ethereum activity. Meanwhile the IMF’s treatment of crypto raises a mirror to the problems US$ hegemony poses for emerging nations, who are forced to vote against the one thing that...
Crypto Adoption For The Long Term
Judging by the behaviour of Turkish citizens, adoption is not about short-term speculation, it’s about long term wealth protection. Meanwhile major international currencies continue to debase. All the while, use case experimentation continues apace, as shown by...