December 2, 2023
Two charts for you today. First, Bitcoin: For those who haven’t paid attention, Bitcoin is up almost 140% year-to-date and is the best-performing asset class of the year. So, in hindsight, on New Year’s Day 2023, we all should have purchased Bitcoin. More than half of that increase has happened since the middle of September, […]
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November 25, 2023
I believe Bitcoin moves in cycles (that coincidentally or not are roughly aligned with the US presidential election cycle). The all-time high was in November 2021 at around $69,000 uSD. By November 2022, Bitcoin was below USD 16,000, for a peak-to-trough drop of over 75%. Since then, Bitcoin has been up 145% and will be […]
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Bitcoin: The Only Story This Week
January 13, 2024That was quite a week, eh? As was widely expected, on January 10 (the last day possible, given the results of a 2023 court case), the SEC approved 11 spot Bitcoin ETFs. The big question was “what would that do to the price of Bitcoin?” Here’s what I said last week: My guess is it […]