Research archive
Cheap Money Corrupts Everything
On-chain activity is bearish, but there is better news from the US courts and the technical picture remains constructive. We argue that loose money is behind a decline in standards, and blockchain technology provides an answer. Meanwhile, Twitter (X), Shopify and...
Bitcoin Is Now Good Value
A lot of markets are very soft at the moment. The combination of regulation and elevated interest rates has removed liquidity from the crypto market, which is the oxygen of its growth. Look closely, however, and the signs are that things are slowing across global...
Jitters
Global markets are on edge. Many of the reasons why are fundamental to the reasons why bitcoin was originally conceived. Whether it can withstand a liquidity shock remains to be seen, but the pre-conditions to greater adoption are becoming firmly entrenched....
Calm Before The Storm
The technical and macro set-ups suggest that something is about to happen. If there is a wobble in bond markets and it spreads to other risk assets, it is likely that authorities will be quick to provide remedial treatment. This should be where “hard money” - like...
What is Ethereum? An Introduction
Ethereum is a global, decentralised network of computers globally, adhering to predefined rules and functions. It serves as a platform for a plethora of applications, communities, organizations, and digital assets, and facilitates the seamless transfer of its native...
DIAMOND HANDS
The Fitch downgrade of the US credit rating is a reminder of how parlous global finances are. In that context it’s no surprise that the quality of Bitcoin holders continues to improve, while weak hands have been flushed out. Technical Analysis Long term holders grow...
BITCOIN THE TECHNOLOGY
Short term consolidation around the US$30,000 level remains the base case, with more substantial moves anticipated towards the end of the year. Investor focus for the time being should be on the technology and fundamental use cases. Technical Analysis Still in an...
THE INFLATION SCARE IS OVER
Markets are quiet, because regulation has pulled liquidity out of the crypto eco-system. Yet price behaviour remains resilient and the technology becomes ever more practical. Don’t expect short-term fireworks, but this is a classic time to be accumulating. TECHNICAL...
Why Do People Hate Bitcoin?
Bitcoin is the greatest informational and behavioural arbitrage of our time The Herd loves the Status Quo Herd mentality is a vital component of a happy community. I’m all for it. I love being involved in teams and groups. There’s nothing better than being part of...
Bitcoin Should Be In A Properly Diversified Portfolio
When thinking about investing in Bitcoin, have you asked yourself the right questions? Now that I find myself in crypto, I frequently find people muttering something about being late for a meeting as soon I reveal the fact. Given crypto’s toxic branding and treatment...
You Don’t Need To Be A Zealot To Own Bitcoin
Having recently launched a fund that invests solely in Bitcoin, and by inference being a fan of it, it’s been fascinating to hear investors’ concerns, while getting a closer look at the attitudes that prevail around crypto investing. What follows is a tongue-in-cheek look at who we’ve met so far.