Research archive
Bitcoin Can Now Go Mainstream – CHAINLETTER 22
We argue that Bitcoin’s final quarter price action was driven predominantly by changing macro circumstances, rather than by the prospect of widespread institutional take-up in anticipation of US spot bitcoin ETF approvals. While the price of bitcoin has had a strong...
Radical Ideas Take Time – CHAINLETTER 21
2024 is a year that promises much for Bitcoin and crypto. The wreckage from the worst excesses of the last cycle lies behind us while bullish catalysts loom. It won’t be plain sailing, but better understanding of this revolutionary asset will continue to drive wider...
New Bitcoin Valuation Framework – CHAINLETTER 2O
The growth of fees on the Bitcoin Network is a game changer. It also enables a more robust valuation framework, which we present for the first time here. We suggest that the politicians are ready to let the US economy run hot in election year, and look at relative...
Crypto Bootcamp – new dates and feedback
We held the inaugural Wiston Capital crypto bootcamp last week in Pratts. The feedback has been great, as shown below. I’ve booked in 3 more dates for 2024, all at Pratts Club, which is in St James’s in the middle of London. 17th January (Weds) 14th February (Weds)...
US$40,000 and beyond – CHAINLETTER 20
Bitcoin’s burst through US$40,000 has triggered wider interest in the asset class. Where does it go from here? What names are we looking at among the altcoins and how are they performing? HODL waves show that a growing proportion of bitcoin owners are here for the...
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 17th January, 2024 at Pratts, right in the heart of St James's, London. Book yourself...
The Bitcoin Supply Squeeze – CHAINLETTER 19
We update on where we are in the bitcoin cycle, while taking a look at valuations. Alternative assets, particularly gold and bitcoin, continue to demonstrate their importance in a world of uncertainty. Inflation might appear to be under control, but it’s too early to...
Political Fractures and Japanese Inflation – CHAINLETTER 18
Bitcoin has reached levels that suggest a pause for breath, which would be healthy for attracting and assimilating wider adoption. But it might not last long. Political developments are a signal of a growing disillusionment with big government, while fundamental...
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...