Sound Money is the challenge and opportunity of our lifetime. Unsound money is the cause of numerous social ills. Bitcoin is solution as important as previous tech revolutions. Educating, advising and managing capital through this powerful transition.
The environment is precious, resources are scarce, and we are compelled to sustain this beautiful planet for future generations. Bitcoin’s detractors single out bitcoin mining as regressive and environmentally damaging, which catches the eyes of the increasingly powerful ESG and green movements. But this approach reveals a gross misunderstanding of the technology. This month’s article … More SMM: (ed.11) The ESG Solution
I wrote in this article that the bull-market is not over, but what if I am wrong? What would this look like and what can we learn from it as we navigate the coming weeks and months? TLDR: There is strong price support at $20K and I see an absolute price fall at $10K. I … More Bitcoin Update: Lower the price, bigger the sale
Bitcoin and the rest of the crypto ecosystem experienced a hair-raising correction in the past week but I expect the bull-market to continue deeper into 2021. The market structure might be changing slightly as institutions play an important role so we have to wise up to the risks they introduce. But we cannot be fearful … More Bitcoin update: The bull-market is not over
This article originally appeared in Bitcoin Magazine. Skeptics often argue that governments will ban Bitcoin when it becomes too important and threatens national sovereignty. At least these critics understand Bitcoin’s importance and the power that state currency monopolies exert over us. What they fail to understand is the power of distributed open-source technologies and the … More SSM: (ed.10) Worried about a ban? Then you need bitcoin more than you think
A beautiful story about the Gautama Buddha’s journey. Thankfully, it is short on the supernatural. But it is filled with wisdom that does not come naturally to most. The book filled me with peace and tranquility as I turned the pages. Almost as though I was undertaking reading meditation. Hopefully, this is a step towards … More Old Path, White Clouds
Today, bitcoin is idiosyncratic to traditional financial markets. Unlike bonds, equity and property, bitcoin’s returns are uncorrelated with economic growth, inflation, or risk premia. Bitcoin is related to these variables insofar as unsound money makes sound money more attractive, but no observable correlation exists. As a result, it can be tricky to position bitcoin in … More SMM: (ed.9) When bitcoin is fundamental & legacy markets are idiosyncratic
A short personal reflection on leverage. TLDR: I’ve grappled with the hypocrisy of a sound money activist utilising debt and decided to leverage my ideas through bitcoin [6 minute read] I am not a fan of debt. Why? Because unsound money, low interest rates and easy debt have numerous negative consequences on society, including inequality, … More Leveraging Good Ideas
Ray Dalio has a point, while BTC has a limited supply, there is no limit to crypto assets (alt coins) supply. I can create RobCoin on the internet right now, if I want. Concerned investors may ask themselves questions like, “what does the infinite supply of crypto assets mean for bitcoin?” or “Will another crypto … More There is only one digital sound money
From the outside digital assets may look like a volcano of hair-raising volatility chaotically bursting from the earth’s surface. But below that surface there are various sources of digital asset returns. In this article I define those sources and provide the models to assess the opportunity set. TLDR: Bitcoin remains the key source of digital … More Digital Asset Return Sources
Gold has been under pressure since hitting All Time Highs (ATH) at $2063/oz. in August 2020. Some view the pull-back as a moment to question the investment outlook for the yellow metal. Many bitcoiners are jumping on the proverbial grave. In this piece I address those questions, compare the current pull-back to historical bull-markets, discuss … More Gold Update: Shaking-out weak hands during multi-year bull-market
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