Bitcoin and the rest of the crypto ecosystem experienced a hair-raising correction in the past week but I expect the bull-market to continue deeper into 2021. The market structure might be changing slightly as institutions play an important role so we have to wise up to the risks they introduce. But we cannot be fearful … More Bitcoin update: The bull-market is not over
Tesla has announced that it purchased $1.5bn worth of bitcoin in Q4 2020. Bitcoin adoption by a globally renown company is exciting, and it’ll probably trigger the next phase in this bitcoin bull-market, but I’ve got mixed emotions. Bitcoin could be caught in Tesla’s narrative, which is frustrating because there are two distinct assets. Untangling … More Scarce digital tech (tesla) is not digital sound money (bitcoin)
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
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