The Treasury Company Bubble
How over 150 publicly listed companies are turning into Bitcoin treasury firms, the success of pioneers like Strategy, and the risks of over leverage and mNAV compression that could shape the future of digital assets…
Update #66
Is the Bitcoin cycle dead? What are the most important metrics to navigate a market top? Read more inside…
Update #65
Is 2025 a right translated cycle? If so, this means the bulk of this cycle’s returns and growth may occur later in the cycle and/or the cycle could extend beyond 2025…
Update #64
Money and liquidity are providing the backdrop for capital flows and Bitcoin Treasury Companies are the funnel. This issue explains why Bitcoin’s major breakout wasn’t surprising if you were watching the right data…
Update #63
Saddle up and welcome to the hard asset era. Is Gold on the cusp of outperforming equities by 500%? What would that mean for Bitcoin?
Update #62
A tide change has just occured. A new Triple Put has emerged to backstop financial markets and Bitcoin has broken out. Here’s what the data is telling us…
Update #61
Both Bitcoin technicals and fundamentals remain in a downtrend. Will the Federal Reserve’s recent policy change see risk asset liquidity bounce back?
Update #60
In the near term, Bitcoin is at a pivot point. On-chain data looks poor, but the market is already positioned accordingly. The herd is rarely correct. We’re in Trump’s hands now…
Update #59
The Trump presidency has kickstarted a wave of speculation about a possible Bitcoin Strategic Reserve. While the depth of it remains uncertain, recent and rapid fire news suggests a growing likelihood of something tangible brewing…
Update #58
With Bitcoin in a peak performing quarter of its peak performing cycle year; will equities and macro support a strong risk-on market in 2025?