Life After Bitcoin – CHAINLETTER 73
Bitcoin started its journey as a form of money and has angled towards becoming a tech platform. Ethereum has moved precisely in the opposite direction. That could turn out to be a more interesting proposition.
Opportunity in Despair – CHAINLETTER 72
We reiterate our view that we are scraping the lows of this bitcoin cycle. Regulatory structures are being put in place for a tokenisation revolution, and the smashed up altcoin world is finally offering up some bargains. Wishing you a wonderful 2026. Technical: Gold...
You Can Have Bitcoin ETNs, But You Can’t – CHAINLETTER 67
On the 5th anniversary of the original banning of bitcoin ETFs in the UK, and despite the promises, it seems we’ve hardly advanced at all. Technical Bitcoin gently grinds higher to a new high. US$650,000 bitcoin fair valuation as volatility remains subdued. Macro You...
Magnificent And Terrifying – CHAINLETTER 42
Investors are marvelling at the rise in the price of gold, but the message it is sending is far from comforting. We consider what is happening, and touch on the similarities and differences with bitcoin, which we consider will turn out to be a superior form of hard...
The Confusing Battle For Freedom – CHAINLETTER 38
Price action as we go into Autumn remains subdued. We explore some signs of life and revisit the important drivers.