Digital Assets Weekly: April 21st, 2020
Please see important disclosures at the bottom of this report
Portfolio Strategy
These are strange times. Very, very strange times indeed.
Oil markets have gone mad. At least that’s what I’d think if I’d only looked at the price, which plunged as low as -$37.63. Although, I’m strangely unsurprised given the macro backdrop, I must admit the situation interesting.
However, I’m not here to talk about Black Gold, I’m here to talk about Digital Gold, and by that, I mean Crypto Oil, which isn’t referring to the Venezuelan Petro either.
The “Crypto Oil” I’m talking about is the one that’s being used to power fast growing emerging digital decentralized crypto economies.
Perhaps the best way to summarize the stark contrast between these two oil markets is with the opening passage from Charles Dickens famous novel A Tale of Two Cities:
It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going dir...Reports you may have missed
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