On the Massive growth of the Bitcoin Derivatives market and its implications on Bitcoin’s future. In 2019, the primary use of Bitcoin remains investing and speculation. At face value, a look at Bitcoin’s spot market volume paints a bleak picture. Diving deeper we see a thriving derivatives market showing that Bitcoin’s liquidity is […]
The idea that somehow bitcoin can be banned by governments is the final stage of grief, right before acceptance. The consequence of the statement is an admission that bitcoin “works.” In fact, it posits that bitcoin works so well that it will threaten the incumbent government-run monopolies on money in which case governments will regulate […]
Many cryptographic standards widely used in commercial applications were developed by the U.S. Government’s National Institute of Standards and Technology (NIST). Normally government involvement in developing ciphers for public use would throw up red flags, however all of the algorithms are part of the public domain and have been analyzed and vetted by professional cryptographers […]
When miners give up, it is possibly the most powerful Bitcoin buy signal ever. n August, I wrote an article on using Bitcoin’s Hash Rate to find major Bitcoin price bottoms based on miner capitulation (you can find it here). Just days before, WillyWoo published an indicator using Bitcoin’s Difficulty to achieve a similar […]
Editor’s Note: This essay was co-authored by Ryan Gentry and Matt Shapiro. Disclosure: Multicoin has established, maintains and enforces written policies and procedures reasonably designed to identify and effectively manage conflicts of interest related to its investment activities. Multicoin Capital abides by a “No Trade Policy” for the assets listed in this report for 3 days (“No Trade Period”) following […]
Bitcoin enthusiasts and investors are looking forward to the day central banks will start stockpiling the digital asset as the hunger for hard assets increases. Central banks around the world are moving towards gold as a store of value as de-dollarization picks up pace as US wars continue with China, Iran, Russia and other sanction-able […]
The amount of Bitcoin that gets created every 10 minutes gets cut in half every four years. This is known as the Bitcoin Halving. The next Halving will be Bitcoin’s third and will take place in May 2020. This is when the current block reward of 12.5 Bitcoin every 10 minutes will be cut in half […]
So, Hedera Hashgraph is launching on September 16. It’s a 3rd generation DLT and it can do 10,000+ TPS! Amazing, right? Yeah! Or wait, I forgot something. Because I hold huge bags of bitcoin (or was it BCH? or Qtum? I lose track) that I’m apparently for some magical reason unable to sell, I don’t have any alternative but to conjure […]
This past week marked that time of year when global central bankers, establishment economists and CNBC, et al. descend on Jackson Hole, Wyoming to discuss the systemic issues that plague our economy. Never seeming to find an answer but constantly in search of it; it is the perennial Jackson Hole dilemma. There is always much […]
In Peter Thiel’s Zero to One, he outlines the impact new technology has on building a non-zero sum future. While the book is focused on individuals and companies, bitcoin as a monetary system is the ultimate zero to one technology leap. For historical examples, Thiel highlights the advent of the steam engine as well as the […]