Chart School – Ethereum: Anatomy of a Long-Term Breakout

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

Oil Producers Turning to Crypto to Solve Sanctions Problems

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

Bitcoin Futures and the Need for Control

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

Bitcoin, Nuclear War and the “Real World Use” Argument

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

Chart School – Consolidation and Reversal

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

Interview: Geopolitics & Empire Podcast – The Future of Bitcoin

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