In the 2021 outlook, we said that the year ahead “will be a wilder ride than 2020…” Well, it has not disappointed thus far! The market is clearly speculative in nature, but investors need to get comfortable with the speculative nature of global financial markets. In this note, we update a few indicators and touch … More Bitcoin Bulletin: healthy trading despite speculative phase
Posted on 30 Oct, updated in Nov I expect that bitcoin will a new record high, surpassing the December 2017 high, before Q2 2021, perhaps sooner. All Time Highs (ATHs) optically appear expensive, but this event will merely confirm the next phase of the bull-market. I’m preparing for the bull-market to last another 3 quarters … More Preparation for bitcoin All Time Highs
Since the August 14 Bitcoin Bulletin “Accumulation Phase Intact”, bitcoin has gained by 10.6% from $11,770 to $13,019. The data I’m looking at suggests we’re firmly in the accumulation phase with limited signs of market froth. Retail and institutional interest looks contained, which indicates the corporate treasury decisions and potentially High Net Worth’s are moving … More Bitcoin Bulletin: All aboard the train
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