SM (Ed.20) Sanctions and War raise importance of Border-less, Censorship Resistant tech

Wow, what a month! We will only know in hindsight, but Russia‚Äôs invasion of Ukraine and the resulting financial response from the west could be pivotal in the evolution of the global monetary system. As people try to make heads or tails of the destruction in the Ukraine potentially seismic shifts are underway financially. The … More SM (Ed.20) Sanctions and War raise importance of Border-less, Censorship Resistant tech

SM Market Review (Jan 2022): Institutional demand at lower prices in choppy conditions

There are a lot of conflicting signals in the markets at the start of February 2022. The central banking monetary experiment is a long-term catalyst for bitcoin, but the Fed is reversing the trajectory temporarily this year. Macro conditions are responding (before the Fed has done much) which reveals both systemic fragility and a seasonal … More SM Market Review (Jan 2022): Institutional demand at lower prices in choppy conditions

SM Market Review (Oct 2021): Leveraged speculators creep in after strong rally

We experienced a major 40% rally in bitcoin in October, driven by valuation, but triggered by SEC ETF approval. Valuation is less attractive than a month ago, but still very constructive heading into November so large price increases are the base case. However an increasing number of leveraged speculative implies the market will likely get … More SM Market Review (Oct 2021): Leveraged speculators creep in after strong rally

SM (ed. 15) Bitcoin is the Reserve Asset of Crypto

There is immense value in the broader crypto ecosystem of decentralised financial technologies but the bright shiny lights of the fastest appreciating token also pose a risk. Desire to beat the market can distract us. Bitcoin remains the most important asset in the ecosystem because of its resilience to external attack. Bitcoin is a reserve … More SM (ed. 15) Bitcoin is the Reserve Asset of Crypto

SM (ed. 14) Crypto yields are sucking in trad-fi

Traditional investors are confounded by the yields available in crypto. We earn next to nothing on traditional dollars but earn 5%+ on crypto dollars. I can imagine traditional investors look in from the outside and think “this is too good to be true!”, “Those bright shiny lights in the distance are going to blow up … More SM (ed. 14) Crypto yields are sucking in trad-fi

SM (ed. 13): Stablecoins – bitcoin’s Pandora’s box

Stablecoins are an important and revealing innovation. With deep liquidity, lightning-fast settlement, and dramatic user growth these crypto USDs pose important questions for regulators and traditional financial markets. TLDR: Stablecoins present both challenges and opportunities to regulators, the financial system, and investors. The unfolding regulation of these instruments provides insights for the clash between centralized … More SM (ed. 13): Stablecoins – bitcoin’s Pandora’s box

Technical Analysis using multiple timeframes – Brian Shannon

No matter if you are bullish or bearish, if you are a value manager or growth, if you focus on fundamentals or quantitative signals, price is still the most important piece of financial market information. Price is where the rubber hits the road. Technical analysis is the study of price signals. Many investors it as … More Technical Analysis using multiple timeframes – Brian Shannon