Today, we examine charts for Bitcoin and Ethereum, then move onto the Macro stuff, the dollar, gold, Treasuries, CPI, and oil.

Welcome back to BTCM Research. Please subscribe if you are finding these chart updates informative. Today, we examine charts for Bitcoin and Ethereum, then move onto the Macro stuff, the dollar, gold, Treasuries, CPI, and oil.

Bitcoin


Our perspectives as guests of Bitcoin Magazine

Transportation and Lodging

Jeff and I were honored to be guests of Bitcoin Magazine at the conference. The venue was in the Wynwood district of Miami which is considered its art district. It was central and urban with most exposed walls of buildings covered in murals and graffiti.

There was a large parking lot in front of the convention center that we assumed would be available to park in, however, that was the large outside area of the conference which was covered with branded tents like those of Swan Bitcoin, the Open Source tent, bar, and a couple places to sit and watch…


In this post we discuss the recent spike in reverse repo by the Fed. We define reverse repo, discuss SLR, its effects, and what to expect.

Over the last couple of weeks reports have started flying that the Fed is partaking in a record amount of reverse repo transactions. Some people have jumped to saying it is stealth QT (quantitative tightening) because the Fed is worried about too much inflation. We’ve seen headlines like these:


Quantitative Easing isn’t so easy

Yield Curve Control (YCC) is where the Federal Reserve or central bank uses Quantitative Easing (government bond purchases) to target a specific interest rate somewhere in the yield curve other than their benchmark rate. For example, Australia is targeting a yield of 0.1% on their 3-year government bond rate. They accomplish this by being the buyer of last resort. If the market fails to provide enough demand to keep yields that low, the central bank will come in and buy as many 3-year bonds as necessary to peg the rate at the desired level. …


“Lend not to him who is mightier than thou.”

Source material: A History of Interest Rates, Fourth Edition by Sidney Homer and Richard Sylla (1963, 2005). This book covers interest rate history dating back to ancient times and contains very interesting charts, tables, and analysis which I will attempt to modernize and summarize. This data can expand our understanding of different eras of monetary and financial information to make us better investors.

The 13th Century

The 12th century did a masterful job of pulling Europe out of a centuries old malaise and, with that firm foundation set into place, enabled the 13th century to endow posterity with some of Europe’s finest craftmanship…


Today, we examine Bitcoin, Ethereum, US dollar, crude, stocks, commodities, gold and silver!

Welcome back to BTCM Research. Please subscribe if you are finding these chart updates informative. Today, we examine Bitcoin, Ethereum, the US dollar, crude oil, stocks, commodities, gold, and silver!

Bitcoin


Welcome back to BTCM Research. Please subscribe if you are finding these chart updates informative. Today we examine Bitcoin, US Treasuries, crude, stocks, commodities, gold and silver, and the dollar!

Bitcoin

I can only speak for myself, but this recent dip has been rough. I was all set for the break out on the next leg of the bull market, everything looked great, but when it came it was sluggish and really FOMO never set in. Price rolled over and then dove by 25%.

The bounces along the way have come at expected times, includeding this most recent one. And so…


A recap of how Ethereum’s design philosophy differs from Bitcoin as well as a review of the events from the Berlin hard fork consensus failure on 4/15/2021

In a surprisingly common occurrence, Ethereum had a planned hard fork scheduled for yesterday, April 15, 2021, with the codename “Berlin” that resulted in a consensus failure. Ethereum uses a fundamentally different design philosophy than Bitcoin. Where Bitcoin provides an unbending rule of law on which to build an economic system, preferring to innovate at the edges, Ethereum completely rewrites its rules every 6–12 months and is planning a monumental overhaul of its entire rule structure that will be known as ETH 2.0.

When we speak of rule of law or rule structure what we mean is the rules of…


Welcome back to BTCM Research. Please subscribe if you are finding these weekly updates informative.

Bitcoin

The big news for today is the Coinbase direct listing. This is similar to an IPO but a much cheaper and faster process. The interest is extraordinary. It is expected that Coinbase will immediately enter the top 100 most valuable public companies.

Many people are worried that it will be a “sell the news” type event, like CME bitcoin futures were in December 2017. I don’t see any sign of that. …


The article this week will be a little different than the topics normally covered on this platform because a recent series of tweets by Jim Bianco were just too tantalizing to ignore. Jim provided a series of tweets regarding the geriatric nature of our ruling class and I have included those tweets below. In this article we will expand on Jim’s tweets by analyzing the relationships between age, interest rates, debt, and wealth inequality. We will also introduce some notable politicians, both past and present, that exemplify the very problem that Jim is trying to point out, namely refusing to…

BTCM Research

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