Author: Rob Price

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.

Chris Cole on derivatives, volatility, market structure and regime change

November 17, 2020

Really enjoyed this Grant Williams podcast with Chris Cole. In fact, all Grant’s interviews in this series are worth listening to (more than once). There’s a lot of info I didn’t fully understand in this interview. Options and derivatives aren’t my strong point, but the interaction between these variables, volatility, monetary policy, macro and market … More Chris Cole on derivatives, volatility, market structure and regime change

Book Review: Blood Meridian by Cormack McCarthy

November 13, 2020

Centred on a scalping gang in the wider California region in 1850, Blood Meridian is a brutal portrayal of violence. The most striking component of the book is McCarthy’s choice of focus. The characters are peripheral. The reader gets a faint handle on a few of them, and only after reading half of the book. … More Book Review: Blood Meridian by Cormack McCarthy

Sound Money Monthly: (ed.4) Where can we place our trust?

November 6, 2020

TLDR: The foundations of social trust are being tested. Our unsound monetary system with its negative consequences is a driver of this trust deficit. Communities that adopt sound money assets take a proactive step towards trustworthy relationships and away from the insidious consequences of unsound money. Youtube summary video: Trust – there’s simply not enough … More Sound Money Monthly: (ed.4) Where can we place our trust?

Bitcoin Bulletin: All aboard the train

October 27, 2020

Since the August 14 Bitcoin Bulletin “Accumulation Phase Intact”, bitcoin has gained by 10.6% from $11,770 to $13,019. The data I’m looking at suggests we’re firmly in the accumulation phase with limited signs of market froth. Retail and institutional interest looks contained, which indicates the corporate treasury decisions and potentially High Net Worth’s are moving … More Bitcoin Bulletin: All aboard the train

Contextualizing historical bitcoin volatility: Expect 30-40% drawdowns during bull-markets

October 25, 2020

Dear new bitcoiner (useful for all HODLers), Congrats on dipping your toes into the bitcoin waters. Bitcoin has the potential to generate significant benefits for you, your family and your portfolio. Benefits will also accrue to our communities as we gravitate towards a sounder money world. In this note I contextualize historical bitcoin volatility so … More Contextualizing historical bitcoin volatility: Expect 30-40% drawdowns during bull-markets

Grayscale, Institutional BTC access and premium

October 23, 2020

The Grayscale Bitcoin Trust (GBTC) is a favoured avenue for institutional investors to gain access to bitcoin due to the ease of execution via traditional investment accounts. In this article I highlight a few of the advantages and disadvantages of the trust. The premium between the GBTC price and the actual undervaluing value of the … More Grayscale, Institutional BTC access and premium

BTC vs. ETH: (Part 2) Protocol certainty

October 21, 2020

Part 1 explained the basic differences between Ethereum and bitcoin. The future is uncertain for both assets, but in different ways. Bitcoin’s protocol is ossifying, while Ethereum has protocol uncertainty as it targets lofty “unconstrained” goals. Coming back to the questions from part 1, investors need to consider the value proposition, the need for each … More BTC vs. ETH: (Part 2) Protocol certainty

Book Review: The Nihilism, Constraints and Multipolar vision for Geopolitical Alpha

October 20, 2020

Excellent book where Marko Papic outlines his geopolitical investment framework. An educational and enjoyable read with plenty of examples. Three elements that really struck me; nihilism, constraints and the multipolar vision. Nietzschean Nihilism Marko is a powerfully nihilistic analyst. It makes his research incisive, differentiated, entertaining and valuable. Something to strive towards as an analyst. … More Book Review: The Nihilism, Constraints and Multipolar vision for Geopolitical Alpha