Crypto Research
705 Results
Crypto markets have remained relatively quiet (although Elon Musk hasn’t) and stable this week. Last week, we wrote several notes about why we thought the market may have found a bottom due to the massive deleveraging, that a falling BTC VIX is indicating peak fear fading, and how news getting “less bad” is good for the market. We didn’t expect the weekend sell-off that many were fearful of, and once...
Given the recent crypto market volatility, we are writing a bit more frequently to help ourselves and our readers better assess where the market may be headed. In our Sunday night note, we discussed how the market may be seeing an exhaustion of sellers. In our Monday night note, we discussed how that may have driven the market bounce we saw. On Tuesday and Wednesday (today), crypto markets have calmed...
China crypto ban made the sell-off worse, but PBOC balance sheet growth matters more than posturing and is not the only key market driver - rally remains intact
In our crypto flash Monday night, we laid out 9 reasons we thought Bitcoin was close to a bottom around $40k. But yesterday crypto markets went for a wild ride. We got yet another sharp move lower below $30k but have since bounce back and are now at $41k. Part of this was due to leverage liquidations, but part of the move was also sparked by negative news of China banning crypto. Source:...
Each night when most people see the darkness ushering in the end of the day, J-P Metsavainio sees his day just beginning. J-P is known as an astrophotographer, but if an artist is someone who creates images that convey one’s passion and beauty, then J-P is the truest of artists. He works with a model that is all around us but has seldom been seen as clearly and magnificently as...
The Grayscale Ethereum Classic Trust (ETCG) stock is trading at a ~50% discount to net asset value (NAV). We think this could represent an opportunity for clients depending how the markets move over the weekend and want to put this on folks’ radar for next week. Currently, the stock ETCG is trading at ~$56 and meanwhile its underlying holdings, the cryptocurrency Ethereum Classic (ETC), are trading at $120 on Coinbase and...
Tom surveys the landscape of the blockchain and large cap cryptocurrencies including Bitcoin and Ethereum. Mr. Lee will discuss important drivers including the impacts from: financial institutions, regulation, millennials, and institutional investors. He will also discuss the importance of rotation in this space. More info on the Americas Summit event
Crypto Strategy: Bitcoin $100k target intact; corporate buyers offer surprise catalyst; Ethereum growing into our $10k target; crypto market on pace to hit $5T
In this week’s crypto strategy note we discuss:Bitcoin rebounding from a healthy cooling off period last week as the macro backdrop remains accommodative & bull market remains intactEven if Facebook didn’t buy Bitcoin, corporates are coming, and it may not be reflected in earnings announcements yetRemaining overweight Ethereum and maintaining a price target of $10.5k as ETH reaches new highs and continues to outperform BTCContinue to see more upside in...
A lot happened this week. Bitcoin hit new ATH’s and crypto is showing signs of market rotations. Our current views on the crypto market are the following:Crypto bull market cycle intactBitcoin valuations haven’t peakedMacro picture mixed but favorableCrypto cooling off would be heathyInstitutions more cautious on cryptoSigns of retail money entering pictureStill favor buying GBTC over spot BitcoinStill see Ethereum outperforming BitcoinSize leadership shifting to retail midcapsExchange tokens to DeFi...
Crypto Quarterly Portfolio Strategy Q1 2021: Bull market intact as stocks, high yield and capital flows signal further risk-on ahead of landmark Coinbase IPO
In this crypto weekly note, we’re giving a more comprehensive Q1 end update covering prior recommendations and current market views.Bitcoin and crypto had a strong March quarterStocks and high yield are signaling risk-on for cryptoLong GBTC NAV discount is the new BTC premium arb tradeBitcoin dominance falling as crypto capital flows push altcoins higherSmaller to mid-cap cyclicals offering high-risk high-reward crypto market betaCoinbase IPO is landmark moment for the crypto...