Stone Ridge Asset Management recently released their 2020 shareholder letter. The firm manages $10bn of assets on behalf of their clients and a few years ago seemed to have gone down the Bitcoin rabbit hole, founding NYDIG (New York Digital Investment Group) in 2017. NYDIG is an institutional native Bitcoin…

UPDATE (12/21/2020): MicroStrategy has completed the acquisition of an additional 29,646 BTC at an average price of $21,925 after their recent convertible issuance. This brings the total Bitcoin investment to 70,470 BTC at average price of $15,964 ($1.125bn). MicroStrategy (MSTR) is one of the largest independent publicly-traded business intelligence company…

For thousands of years, gold’s unique monetary properties have cemented itself as the preferred store of value for nation states and individuals alike. It is one of the rarest of the mineable natural elements on any meaningful scale. Additionally, gold has historically had the strongest stock to flow (S2F) ratio…

My previous piece “Bitcoin — Bullish Catalysts of 2020” discussed some of the exciting developments in the Bitcoin world so far this year. Like most things about 2020, many of these would have been unheard of going into the year. …

2020 has been an exciting year for Bitcoin. The current macro environment has led more and more individuals “down the rabbit hole” and notably this cycle, they are not alone. Institutions are quickly waking up to the narrative surrounding Bitcoin, with global demand greatly outpacing new supply. Multi-billion dollar management…

A 51% attack describes a situation where any party (or parties who are working together) has majority control of the overall network hashpower, allowing them to manipulate the network in a number of ways for personal benefit. With majority control, an attacker can exclude and modify transactions occurring on the…

Multiple catalysts have occurred in 2020 that point to why this Bitcoin cycle is inherently unique #Phase5 — Bitcoin Price: $19,372 (11/30/2020) Investors around the world are quickly waking up to the bullish macro narrative for Bitcoin, with global buying demand vastly outpacing new supply on a daily basis. Currently, PayPal and Square’s CashApp alone are buying up more than 100% of daily new supply (current block rewards…

Bitcoin skeptics are quick to point out the historical volatility associated with its price. As with any emerging and disruptive technology, extreme fluctuations in value should not be a surprise as its use case and value proposition evolve over time. …