Our popular weekly macro newsletter! Expert commentary on the most important developments in the Bitcoin industry. An essential part of staying ahead of the curve in Bitcoin.
Hi Bitcoiners, I’m reading through my Friday newsletter The Fundamentals Report #83 along with my extra commentary. Topics covered are the virus and effects of lock downs and shortages in gold and the dollar. I also talk about how bitcoin fits into this market. I touch on bitcoin price analysis, stablecoins, unemployment in the US, and network stats.
Several interesting threads have developed this week. People questioning the government story of the coronavirus and the need for the lock downs and shortages in gold and dollar. The Bitcoin specific news cycle is slow. It’s chugging along. As we’ve said in the past, Bitcoin is in its own world, only affected by deep fundamental cracks in the traditional system.
In this episode I discuss the bullish case for bitcoin being driven by QE but not via a weaker dollar. The dollar will continue to strengthen in a volatile way. Bitcoin will be bid because the traditional market will get worse and worse at price discovery and bitcoin will get better and better. I bring in two articles. The first one is about China’s consumer credit bubble popping and the second is about primary dealers in Japan refusing to sell their JGB’s to the Bank of Japan. That effectively stops QE as a weapon of the central bank. The primary dealers would rather use their JGB’s in dollar swaps with the Fed.
VITAL STATS Block 623,219Days until halving: 47Mayer Multiple: .805Est. Difficulty Adjustment: +2% to +10% in 12 DaysPrev Adj: -15.95%Weekly price H/L: $6989 / $5686Sats/$1 USD: 14,984Disclaimer MARKET COMMENTARY I was on Bitcoin Magazine’s quarantine hang out last night. We talked about a …
In this episode I use a tweet by Pierre Rochard and a video from Daniel Hannan as a jumping off point to talk about globalization, the growing distrust in our institutions, non-monetary rewards, and what this current crisis will lead to.
VITAL STATS Block 622,319Day until halving: 53Mayer Multiple: 0.760Est. Difficulty Adjustment: -13% in 5 DaysPrev Adj: +6.9%Weekly price H/L: $7230 / $4394Sats/$1 USD: 15,571Disclaimer MARKET COMMENTARY Lock downs are spreading across the world. California and NYC are now in lock …
In this episode, I break the news that the Fed has cut interest rates to zero and launched QE 5. The Fed is not in charge of interest rates, they follow the market. Interest rates were already close to zero in the market, so this move by the Fed was reactionary. They have lost control. I also talk about currency swaps and how to position yourself for the coming financial reset.
VITAL STATS Block: 621,521 Day until halving: 58Mayer Multiple: 0.631Est. Difficulty Adjustment: -4% in 10 DaysPrev Adj: +6.9%Weekly price H/L: $8,185 / $3,800ishSats/$1 USD: 18,192 Disclaimer MARKET COMMENTARY Time to panic buy! A huge amount of damage to the bitcoin chart …
VITAL STATS Block: 620,530Est. Days Until Halving: 65Mayer Multiple: 1.049Est. Difficulty Adjustment: +6.0% in 3 daysPrev Adj: -0.4%Weekly price H/L: $9,171/$8,490Sats/$1 USD: 10,997Disclaimer MARKET COMMENTARY Traditional markets are coming apart at the seams. Bitcoin is chilling.The place to watch is …
In this episode I discuss ideas around the misunderstood concept of 51% attacks in mining, drawing inspiration from a tweet by @SGBarbour.