Category: Investment

Tech network disruption framework; bitcoin undervalued at $20K

December 2, 2020

MicroStrategy CEO Michael Saylor has given several wonderful interviews since allocating his $0.5bn Treasury balance sheet to bitcoin this year. Strong, concise and visual communication is a powerful combination. His background as a technology investor with experience of buying digital assets, combined with his concentrated power as CEO, positioned him to make the bold decision … More Tech network disruption framework; bitcoin undervalued at $20K

Bitcoin Bulletin: Shifting from accumulation towards aggressive appreciation phase

November 28, 2020

First point of business – I’d like to invite you to a digital bitcoin webinar on Wednesday 9 December (1700 GMT, 1900 South Africa (GMT+2), 1100 Pacific Standard Time. This is for bitcoin investors. It is less suitable beginners who don’t have any holdings. Goals: Prepare for the bitcoin bull market; understand past cycles, strategize … More Bitcoin Bulletin: Shifting from accumulation towards aggressive appreciation phase

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

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