Everything Is Deranged – CHAINLETTER 80

Everything Is Deranged – CHAINLETTER 80

Bitcoin is back at its 2021 peak and nobody can quite agree why. Around it, markets are behaving in ways that don’t fit the traditional models: bonds and gold telling opposite stories, indices propped up by passive flows, and a US$4 trillion IPO wave being...
Life After Bitcoin – CHAINLETTER 73

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

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...
Life After Bitcoin – CHAINLETTER 73

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...