Research archive
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...
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...