Issue #30
The failures of the Federal Reserve in managing the value of money and the failures of the banking system to safeguard assets has once again but Bitcoin back in the spotlight.
Issue #29
This newsletter explores a taboo topic. The idea of the impossible, a soft landing. How could the Federal Reserve possibly go from zero interest rates, high debt and full employment to 5% interest rates, crushed inflation and no recession?
Issue #28
Bitcoin’s deep value is slipping away and in its place a new market structure is emerging. A new regime.
Issue #27
We believe the 2020s will be the decade of hard money, much like the 1970s was. Leaving stocks in the dust. If you agree, then the only question is which hard money will prevail?
Issue #26
The crypto world was shaken to the core in November as top three exchange FTX was exposed as the biggest fraud since Bernie Madoff and Enron.
Issue #25
We crack open the rarest of Bitcoin value metric readings you can count on one hand every 5 years. We dive into the troubling trend of demand…
Issue #24
This month we deep dive into the macro and make the case for the Fed Pivot being just around the corner. We explain why equities are not overvalued, why maximum fear is priced in and what all of this means for Bitcoin and crypto.
Issue #23
Fear struck the market again with a blunt Fed speech. The broader Bitcoin fundamental picture remains in a consistent value region and we can see potential signs of oversold technicals. The promising buds of a local-minima…
Issue #22
This issue we deep dive into the many Bitcoin and macro metrics showing signs of capitulation. The raw count of evidence for cyclical capitulation today is immense.
Issue #21
Today, we now find ourselves in a special juncture in the crypto cycle. Bitcoin has hit a down draw of -75% since November. More may come, but we are at a rare and historically valuable meeting point of price downdraw, halving cycle timing, and on-chain and fundamental metric discounts. As we outlined in our “Digital Asset Thesis” chart No. 10, we are now in the 6-12month window where Bitcoin halving cycle bottoms usually occur.