Crypto Research
254 Results
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...
Readers Note: The crypto weekly newsletter was not published last Friday due to the Easter holiday and has been moved to today instead. PORTFOLIO STRATEGY Crypto markets have seen price swings over past weeks, but despite the choppiness, markets have largely ended where we left them in prior weeks with Bitcoin sitting around $6,900 today. CRYPTO ALLOCATION: For this reason, our tactical crypto exposure recommendations haven’t changed since our last...
PORTFOLIO STRATEGY Howard Marks, the CIO of Oak Tree Capital said something this past week that caught my attention: _“THERE’S NO ARGUMENT FOR SPENDING ALL YOUR MONEY NOW, BUT THERE’S ALSO NO ARGUMENT FOR NOT SPENDING ANY.” _ In many respects, this statement summarizes my continued view on the crypto markets. We’ve been recommending investors have exposure to the crypto markets for the past few months. Following the recent sell...
PORTFOLIO STRATEGY It continues to be our view that crypto markets are in the 2nd or 3rd innings of a prolonged recovery following their December 2018 bottom. The earlier months sell off likely flushed a significant portion of leverage and speculative short term traders out of the ecosystem, as we discussed on our FS Insight Digital Assets call earlier this week. This dynamic bodes well for reducing market downside risks...
SUMMARY MARKET ANALYSIS:Crypto markets rallied off last week’s lows. PORTFOLIO STRATEGY:The risk / return profile looks attractive at these levels. WINNERS & LOSERSWinner: The Steem community who is taking a stand against Tron founder Justin Sun.Loser: MakerDAO token holders who are getting diluted due to poor performing loans. WEEKLY RANT:BitMex going down for maintenance makes me cringe, but it may have been for the better. FINANCING ACTIVITY:Bakkt, Argent, Phemex, and...
Back in December 2019, I started saying we’re in a “CRYPTO GOLDILOCKS ECONOMY” THAT’S “NOT TOO HOT AND NOT TOO COLD” – meaning, markets weren’t expensive, but they weren’t cheap either. THAT CHANGED THIS WEEK. Corona. Macro. Panic. Reason aside, Bitcoin’s price retraced to a low of $3,858 and now sits around $5,400, and its Market Cap / Cumulative Mining Revenue Ratio has fallen to 5.3x. As an investor in...
SUMMARY MARKET ANALYSIS:Crypto markets rebounded modestly this week and remain the best performing asset class YTD. PORTFOLIO STRATEGY:Crypto Emerging Markets are influenced by broader financial conditions but its idiosyncratic drivers and macro market cycle mater most long term. WINNERS & LOSERSWinner: Tron's founder Justin Sun who executed a hostel takeover of Steem's decentralized social media network.Loser: Bitmex after the FCA issued a notice that the firm has been operating in...
SUMMARY MARKET STRATEGY:Crypto markets had a tough week as global risky assets sold off on coronavirus fears but crypto investors shouldn't panic. WINNERS & LOSERS:Winner: Argon's Tim Draper investment may hold promise for future crypto legal governance.Loser: Ripple's illegal security lawsuit claims may mean potential upside isn't justified by regulatory risks. WEEKLY RANT:Why the announcement "Startup Tokenizes $2.2B in Commercial Real Estate Through Polymath" makes me cringe. FINANCING ACTIVITY:Copper. co...
WEEKLY RECAP...Bakkt futures hit ATH, will launch options contracts on 12/9/19Is quantum computing a threat to BTC?Several hurdles expected to improve by year end; still risk-off for BTC CENTER STORY 1. BAKKT FUTURES JUST NEEDED A LITTLE TIME... OPTIONS LAUNCH COMING NEXT BAKKT FUTURES DAILY TRADING VOLUME HAS TAKEN OFF. WAS MEDIA TOO QUICK TO JUDGE? WOULDN'T BE FIRST TIME. Variations of "Bakkt futures volume has been disappointing" have been a...
WEEKLY RECAP...Libra Association dropouts are avoiding regulatory spotlightThe BTC rich are getting richerBTC's 4-hour RSI becoming oversold as BTC tests key 7.7K support CENTER STORY 1. LIBRA MEMBERSHIP IS NOT FOR THE FAINT OF HEART NO ONE KNOWS FOR SURE WHAT WILL HAPPEN WITH LIBRA. BUT WE DO KNOW DROPOUTS HAVE RETURNED TO "BUSINESS AS USUAL." The Libra Association had their inaugural meeting on Monday, October 14th. There are 21...
WEEKLY RECAP...EOS settled with the SEC related to the sale of its ERC-20 tokens.ETH testnet split into two chains - shouldn't affect upgrade timeline CENTER STORY 1. EOS EMERGES FROM ICO ERA A SURVIVOR BLOCK. ONE (EOS) ANNOUNCED A SETTLEMENT WITH SEC FOR $24 MILLION Block. one (organization backing EOS) settled with the SEC for conducting an unregistered securities offering in 2017-2018. Specifically, the SEC judged EOS' ERC-20 tokens were...
WEEKLY RECAP...The crypto market crashed and no one really knows whyBTC SegWit adoption jumped to >50% = network throughput improvingWith BTC below $9.3k support level, the next key support is now $7.5-8k CENTER STORY 1. THE FOUR HORSEMAN VISITED CRYPTO THE FOUR HORSEMAN OF A CRYPTO FLASH CRASH SEEN PASSING THROUGH This was a rough start to the week for crypto brought on by a confluence of "risk off" events, but it's hard to say...