100K
Bitcoin, aka Magic Internet Money, crossed $100k this week.Magic Internet Money memeSince posting Dominance on Nov 9th, the total crypto market cap increased by $1T. To put that number in context, $1T is the total market cap of Warren Buffet’s Berkshire Hathaway.Total Crypto Market Cap up 40% since Nov 9 2024Bitcoin is now the 7th most valuable asset in the world.We are beginning to see evidence of the market shifting from a Bitcoin dominated to an Alt dominated regime (aka Alt szn). Alts mor...
100K
Bitcoin, aka Magic Internet Money, crossed $100k this week.Magic Internet Money memeSince posting Dominance on Nov 9th, the total crypto market cap increased by $1T. To put that number in context, $1T is the total market cap of Warren Buffet’s Berkshire Hathaway.Total Crypto Market Cap up 40% since Nov 9 2024Bitcoin is now the 7th most valuable asset in the world.We are beginning to see evidence of the market shifting from a Bitcoin dominated to an Alt dominated regime (aka Alt szn). Alts mor...
Dominance
Whether you were celebrating or grieving this week, there are now undeniable tailwinds for Bitcoin and the broader crypto market. Bitcoin’s price broke out of a 10 month range and climbed to a new all-time high -- a level it may never revisit (BTC has never returned to a prior election week price).Time will tell if Trump delivers on his crypto friendly campaign promises. But any combination of these will be a major catalyst for future growth:replace Gary Gensler as head of the SECend Operatio...
Dominance
Whether you were celebrating or grieving this week, there are now undeniable tailwinds for Bitcoin and the broader crypto market. Bitcoin’s price broke out of a 10 month range and climbed to a new all-time high -- a level it may never revisit (BTC has never returned to a prior election week price).Time will tell if Trump delivers on his crypto friendly campaign promises. But any combination of these will be a major catalyst for future growth:replace Gary Gensler as head of the SECend Operatio...
Pamplona
It’s no surprise when you visit Pamplona in July, and bulls are running in the streets. In markets, it’s not as obvious when bulls will run — and more importantly, when they will stop. This is the follow-up to a piece last month where we shared a capital flows framework that drives the market cycle. In this piece, we will unpack how on chain metrics help us make sense of Bitcoin’s price action.On indicators: The goal isn’t to find a single indicator (or even a dashboard) to make decisions for...
Pamplona
It’s no surprise when you visit Pamplona in July, and bulls are running in the streets. In markets, it’s not as obvious when bulls will run — and more importantly, when they will stop. This is the follow-up to a piece last month where we shared a capital flows framework that drives the market cycle. In this piece, we will unpack how on chain metrics help us make sense of Bitcoin’s price action.On indicators: The goal isn’t to find a single indicator (or even a dashboard) to make decisions for...
Hey Siri
Hey Siri, what is a hard asset that can’t be debased by the government? And how does its purchasing power compare to the dollar’s over time?Bitcoin is a hard asset with a fixed supply that can’t be tampered with by the government. While the dollar’s purchasing power decreases over time, Bitcoin’s purchasing power rose exponentially over the last decade.Thanks Siri, now explain like I’m 5 years old.You need more dollars to buy a house today than you needed 10 years ago. But you need way less B...
Hey Siri
Hey Siri, what is a hard asset that can’t be debased by the government? And how does its purchasing power compare to the dollar’s over time?Bitcoin is a hard asset with a fixed supply that can’t be tampered with by the government. While the dollar’s purchasing power decreases over time, Bitcoin’s purchasing power rose exponentially over the last decade.Thanks Siri, now explain like I’m 5 years old.You need more dollars to buy a house today than you needed 10 years ago. But you need way less B...
Counting Cards
When you sit at a blackjack table, you have several options. You can bet the same amount each round, bet a random amount, or try to bet an amount based on how likely you are to win. Counting cards, where you (try to) keep track of the proportion of high cards to low cards remaining in the deck or shoe, is a way to estimate your chance of winning. By keeping track of the count, you can determine when the deck is rich in high cards (favorable to the player) or low cards (favorable to the dealer...
Counting Cards
When you sit at a blackjack table, you have several options. You can bet the same amount each round, bet a random amount, or try to bet an amount based on how likely you are to win. Counting cards, where you (try to) keep track of the proportion of high cards to low cards remaining in the deck or shoe, is a way to estimate your chance of winning. By keeping track of the count, you can determine when the deck is rich in high cards (favorable to the player) or low cards (favorable to the dealer...
