An academic study on loan sharking in Asia discovered the average annual interest rate charged to customers is 416% a year. But this week, crypto has that beat with some contract briefly paying out 670% per annum: Let’s dig into these numbers: The 0.06124% funding rate is the payout for the most liquid Ethereum futures contract on the planet, the Bitmex… Read More »
It’s been a fantastic December for bitcoin (up 39%) and Ethereum (up 18%)! For the year, bitcoin is up 375% and Ethereum 560%. But how did the rest of the world of crypto perform? Two charts tell the story: This is the total marketcap of all cryptocoins in the universe: $750 billion. Note that’s not the all-time high,… Read More »
I sold one-third to one-half of my crypto stock-portfolio today (not my bitcoin and Ethereum): Three reasons why I sold: First reason: I made a killing over the last month on these stocks: Hut 8 Mining is up 103% since I bought it. Ether Capital is up 86%. Blockchain Intelligence Group is up 104%. QBTC is up 57%. Bitfarms… Read More »
It’s a hypothetical question unless you are a money manager. Deposit it at your local bank? Interest rates on deposits in most Western countries are essentially zero, except for countries like Denmark, Switzerland, and Japan, where interest rates on deposits are negative. Ask this question around the dinner table with your teenage kids and you will get funny… Read More »
Setting up a printing press in your basement to print pictures of dead US presidents on bits of paper is to invite a visit from some men/women dressed in black. But do you want to create some virtual US dollars? No printing press is needed, just a keyboard, computer, and mouse. And don’t expect a visit from the… Read More »
First, let’s talk about bitcoin. It’s been a good year (bitcoin up 163% YTD) and November was a great month (up 38%). The fundamentals are sound. Institutional buyers are stepping in just as supply is drying up. Do I think bitcoin will reach $100K in 2021? Let me put this way: If it does, I will be writing… Read More »
