In the 2021 outlook, we said that the year ahead “will be a wilder ride than 2020…” Well, it has not disappointed thus far! The market is clearly speculative in nature, but investors need to get comfortable with the speculative nature of global financial markets. In this note, we update a few indicators and touch … More Bitcoin Bulletin: healthy trading despite speculative phase
In January 2020 an internet chat group took down a Wall Street hedge and got one back for the little guy in a classic Robinhood story – or so you’re led to believe… While there’s a tinge of truth here, a reverse Robinhood story is on-going and unsound money is at the centre. [Reading time: … More SMM: (ed. 7) When will this Game of reverse Robinhood Stop?
This is a very short note that gets to the essence of the what and why of bitcoin. Bitcoin is an elegant combination of 3 attributes and there are 4 broad groups of people who find it valuable. The 3 key attributes: 1. A digital protocol for exchanging and settling value on the internet Fiat … More What is bitcoin and who needs it?
So, you’re on the path to appreciating that Bitcoin is a revolutionary technology that could alter the global economy. You agree that it has incredible upside price potential, but how much should you allocate? I’ve suggested before that a 1% of your investment portfolio allocation to bitcoin is a no-brainer because this makes almost no … More How much should I allocate to bitcoin?
Whilst bitcoin demand is variable, bitcoin supply is perfectly known and pre-determined. There will only be 21 million. The architectural design is very unlikely to change. It’s incredible how known supply meets variable demand and results in adoption waves, which centre around the halving*. In this article I detail these waves and explain the psychological … More Adoption Waves: FOMO remains Bitcoin’s #1 Marketing Strategy
Bitcoin is in the process of monetisation whereby people adopt a digital, decentralised, global, censorship resistant store of value. Historically adoption cycles have centred on the halving, with an accumulation phase pre-halving, a parabolic phase post-halving and a bear-market thereafter (I wrote about this here). Preston Pysh and Stephan Livera explored the possibility that bitcoin … More Learning Bitcoin’s Golden Language – Adoption cycles will persist post 2021
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
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
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?
In part 1 I described the major differences between bitcoin and Ethereum and in part 2 I spoken about the protocol uncertainty in ethereum’s future vs. bitcoin’s ossifying protocol. In part 3 I return to my investment thesis, which is the reason I remain predominantly bitcoin focused. Primary investment thesis (5-10 years) Store of Value … More BTC vs. ETH PART 3: Investment Thesis
Sound Money 