Note: This is the second part in a series on “stable” coins. Part I is here. The entire world’s supply of money (M2) is roughly $60 trillion. Market cap of all cryptocurrencies in the world: $350 billion. The total amount of US dollars in the world is $14 trillion (but would you believe for China it’s $25… Read More »
Bitcoin charts can drive you insane. They can be so volatile, (and oh, does the press ever like to remind you of that). But there is one quietly bullish chart nobody is telling you: This is a chart of the Bitcoin futures contract XBTU18 on Bitmex, the largest bitcoin exchange in the world. The XBTU18 expires on September… Read More »
It’s been a fantastic breakthrough in the last 12 months for Bitcoin and the other cryptocurrencies. Both prices and coverage by mainstream media have soared. It seems everybody is getting into cryptocurrency. So why can’t I buy coffee, or shoes, or even a dinner with Bitcoin? It’s not the case that merchant and business adoption it’s close to… Read More »
Let’s pretend you are the portfolio manager of a bitcoin hedge fund and your job is to make 50% return a year. Or I should say, your commission is 20% of whatever you make for the client. That means if you don’t make money for the client, you don’t get paid. So you are motivated. You can lean… Read More »
One month ago, the worst place to put your money was the cryptocurrency sector. Every crypto-stock on the TSX Venture was dropping 3-5% a day. But what a turnaround in the last week: The Market for these stocks hit crazy levels of panic—stocks were trading for less than the cash in their treasury. Now, conditions can stay like… Read More »
Barclay Equity Research, a division of the Barclay Investment, just released a thirty-page report on cryptocurrency that states we have reached the peak and there is no way to go down except down. I can’t link to the report as it’s a private document, but if you can get your hands on it I do recommend reading the… Read More »
