Bitcoin
The Coming Crypto War
The post-pandemic bull market is now getting choppy as it encounters a number of real-world headwinds — the reduction of monetary stimulus, growing conflicts over further fiscal stimulus, slowing liquidity growth, official acknowledgment of persistent inflation, and the growing concern of market participants that a Fed “policy mistake” is unfolding. Read more…
Bitcoin
Will the Feds Ban Bitcoin?
Last week we wrote about the advent of central bank digital currencies, outlining the motivations that governments and central banks have for upstaging the rise of decentralized crypto networks such as bitcoin and Ethereum. This week we’ll take a look at a trend in communication from fiscal and monetary authorities, Read more…
Bitcoin
When the Fed Creates Its Own Bitcoin: The Disruptive Potential of Central Bank Digital Currencies
Bitcoin and cryptocurrencies in general have reclaimed the imagination of the investing public, especially as crypto has enjoyed another of its periodic spectacular runs since late last year. Belatedly, mainstream analysts are beginning to note what we told a crowd at the Las Vegas MoneyShow three years ago — digital Read more…
Bitcoin
Market Summary — 25 March 2021
Reading time: 4 minutes The U.S. Market The U.S. is undergoing a rolling correction as industry after industry corrects and then stabilizes. Higher interest rates will benefit some industries more than others, and the key is that the industries most benefitted by higher rates are only benefitted as long as Read more…
Bitcoin
Inflation Is Coming, the Cycle Is Turning, and You Need To Get Ready
The Fed’s press conferences in the era of “money printer go brrrrrr” are often derided as “nothingburgers,” but of course they are still required listening and contain important information. Nothing in Fed Chair Powell’s Wednesday press conference was surprising to us, but it served to underscore our convictions about (1) Read more…
Bitcoin
Central Bank Digital Currencies: The Road Map and the Motivation
Bitcoin has been on a tear lately, participating in the bid-up of alternative assets as the market has anxiously anticipated the 2020 U.S. elections. It’s important to remember, though, that there is a fundamental difference between cryptocurrencies such as Bitcoin, and digital currencies such as the ones being developed by Read more…
Bitcoin
Get Ready For More Central Bank Sorcery
In March and April, the covid crisis sparked an unprecedented policy response from governments and central banks — first monetary, and then fiscal. As the magnitude and scope of these interventions became clear, the likely longer-term consequences for gold also became clear. Further events have only served to reinforce this Read more…
