I'm going to show you a chart of Ethereum this morning that should make you stand up and take notice. For months Ethereum was dogged by doubts after its massive run-up to $400 earlier in the year. And those doubts are somewhat warranted. Structurally, I have problems with Ethereum, but at the same time, I … Continue reading Chart School – Ethereum: Anatomy of a Long-Term Breakout
Last week, Venezuela announced it would develop a national cryptocurrency backed by its oil reserves, the Petro. Now there is a report that Russia is considering the same thing. Iran will likely follow suit. As of right now this is just a rumor, but it makes some sense. So, let’s treat this rumor as fact … Continue reading Oil Producers Turning to Crypto to Solve Sanctions Problems
I've been asked by a few subscribers to further discuss the potential effect of the major exchanges starting up futures trading in Bitcoin. Last month the CME Group and the CBOE - Chicago Board of Exchange -- announced they would begin trading futures contracts in Bitcoin due to popular demand. The SEC fast-tracked approval, because, … Continue reading Bitcoin Futures and the Need for Control
New private blog post up on how to deal with the next few hours in the Bitcoin pits. Things are getting crazy. You can sign up for the private blog here.
I received a comment this morning challenging my contention that Bitcoin should be thought of as a foundational asset for the crypto-based monetary system. With Bitcoin inching towards $10,000 arguments like this continue to be made by gold-bugs (of which I’m one) and hard-asset enthusiasts because they make fundamental errors in their analysis of Bitcoin. … Continue reading Bitcoin, Nuclear War and the “Real World Use” Argument
Something interesting is happening in the Bitcoin Gold market right now. Yesterday there was a massive move up above $382 after a temporary bottom formed near $320. Since then the Bitcoin Gold market has given up most of those gains, but what's interesting is how it has done so. Look at the chart below and … Continue reading Chart School – Consolidation and Reversal
Quick Private Blog post up on what's happening in Ethereum and how to trade it. For those not subscribed to the Private Blog (or the Newsletter) you can do so over at Patreon.
Had a wonderful 30 minute interview with Hrvoje Moric of the Geopolitics & Empire Podcast. You can check out his site here. He's interviewed a number of important members of the contra-geopolitical narrative including Paul CraiG Roberts and The Saker. I'm humbled to be in that group and I really enjoyed this interview which gave me … Continue reading Interview: Geopolitics & Empire Podcast – The Future of Bitcoin