It’s a captivating idea that can have you discussing unfathomable wealth creation in a short period of time.
And the magnitude of how much change and growth is upon us is incomprehensible.
To state it simply, it’s literally the biggest growth trend since the seventeenth century.
A time when goldsmiths began practices that gave way to modern day banking practices such as the storage of wealth, providing loans, transferring money and providing bills of exchange that would lead to the development of bank checks.
An idea of this size is called a grand supercycle.
Now, you’re probably laughing a bit…
It started with a solitary alert.
In the days that followed the alerts progressed into a deluge of signals indicating the spot market was driving the market. Not the derivatives market.
The last time we saw this was 2017.
As the alerts continued to rattle off in the following weeks it was clear bitcoin was not just heating up, the entire market was an inferno.
The reality of this macro shift settled in and we’d come to terms that the bull market was not something to question, it was here.
The only thing we struggled to understand was where the…
The market bleeds as bitcoin hunts.
Any stop loss thoughtfully placed near recent lows is easy bait.
To make matters worse, and momentum higher is short-lived.
Its frustrating market action at its finest.
Watching price move across the screen draws up images of a twenty-five year old heading home after a night on the town.
This is when traders lose money. It’s over trading and it can leave your wallet dry over time.
To better explain this, the guys over at Kingfisher.io sent over a few charts to our team over the weekend.
For those that don’t know…
As the dizzying effects from the nuk subside and the dust settles, we forage.
The resource in pursuit is data.
Data that helps our readers make sense of what happened. Data that helps them avoid repeating a mistake or failing to heed the warning signs. Data that is hidden in an untapped mine of undiluted alpha.
And with our keyboards as our pick axes, we marched through the internet with our head down ready to mine it.
We occasionally surfaced to see what the community was thinking, each time we were veered off course.
This veering involved finding a new…
Eight years since the first attempt… And still no ETF.
Yet for some reason many asset managers believe we are now on the cusp of having the first U.S. traded ETF.
The reason is Gensler’s speech last month at the Aspen Security Forum.
For those that don’t know the forum is held at the Aspen Institute, a place that regularly hosts world leaders, business executives, and leading thinkers. It’s the epicenter for discourse on shaping the world of tomorrow.
During Gensler’s speech in front of this highly esteemed audience he discussed crypto at length. One item of particular importance was…
What was the first and second asset you bought in crypto?
My guess is it was bitcoin and then Ethereum in that order.
This was my experience at least. I purchased bitcoin at first and about a year or so later finally got into Ethereum.
During that 12–18 month stretch price wasn’t very volatile believe it or not. I saw these investments as an asymmetric bet on blockchain technology that likely wouldn’t gain traction for at least five years.
Asymmetric meant I didn’t need to bet a lot for the potential to realize massive gains later.
Now while I waited…
Ethereum is about to undergo a very significant upgrade.
The upgrade is called London.
What makes London particularly noteworthy is the fact it introduces rent control on gas fees via Ethereum Improvement Proposal (EIP) number 1559.
The result is ETH tokens can be burned. Meaning the adjustment to ETH’s monetary policy results in the asset becoming scarcer.
It also means for now on ETH’s price is more closely linked to the network’s transaction volume. More transaction volume -> more ETH likely to be burned.
This in turn makes the asset more reflexive on a fundamental level, which is to say…
The most adamant of bulls are now turning bearish.
We saw two comments from data platforms hint at a change sentiment yesterday. Several analysts compared the 2017 peak to the top witnessed just last month. And we got hit with another wave of China news that unleashed a ripple of negative sentiment cross the market.
It was an ugly day.
And even though our trading software kept clients on the sidelines and away from the carnage, it was still gut wrenching to watch.
The dejected comments seen throughout the day left me with a sick feeling.
I personally don’t enjoy…
The quietness of the market is either causing me to read the newsfeed more than normal, or my intuition is on to something.
What I keep seeing are stories involving government and regulatory entities.
The origin of these news items range from cities to nation states to the world’s most powerful institutions.
It’s like the entire globe is suddenly talking crypto. And its filling up all my news feeds.
The interesting part here is this is taking place NOT in the thick of a euphoric fervor. …
My inclination is many of you opened up today’s edition of Espresso thinking the chaps over at Jarvis Labs likely have some clarity.
And it would be something along the lines of up, up, and away we go.
Back the truck up and unload it.
Market buy with voracity.
After all, we decided to test a algo live that’s been in the research and design stage for over a month now. …