Is Strategy Dragging Bitcoin Down?
Bitcoin is up 2% year to date, but the share price of the world’s largest holder of Bitcoin, Strategy (MSTR – formerly MicroStrategy), is down about 30% year to date. As we have noted in the past, Strategy is a […]
Bitcoin Is Off The Leaderboard: Whats Next?
On many recent occasions, we have noted that the market breadth is poor and appears to be worsening. By worsening, we mean that the number of market leaders is declining, and a growing number of stocks, stock factors, sectors, and […]
Gold Or Bitcoin: Which Is The ‘Right’ Dollar Hedge?
Gold and bitcoin are touted as the “anti-dollar”, or in some people’s minds, possible replacements for the US dollar. Thus, one would expect the dollar-debasement trade to benefit gold and bitcoin similarly. The reality throughout this year has not been […]
Kimonos For Bitcoin: 150 Year Old Company Goes Crypto
In a bold and unusual pivot, a traditional Japanese manufacturer of Kimonos is transitioning to a cryptocurrency treasury company. Marusho Hotta, which has been manufacturing kimonos since 1861, will rebrand as the Bitcoin Japan Corporation. The transformation stems from a […]
Why Bitcoin Will Not Replace The Dollar
Some will rightfully say we are a glutton for punishment. Our previous articles on Bitcoin and cryptocurrencies have been met with boos and hisses (to be kind) from laser-eyed crypto crusaders. Despite what many of our critics think, we are […]
100k Bitcoin
Turn on CNBC, and you will notice a bright green box permanently affixed to the bottom right corner with the ever-changing price of Bitcoin. Bitcoin is all the rage as market speculation across crypto and other assets is robust. Moreover, […]
Bitcoin Is Entering Volatility Season
Since the election, Bitcoin has risen nearly 50%. While Bitcoin investors are licking their chops, believing the magnificent rally will continue, they need to realize that Bitcoin is entering a period of pronounced seasonal volatility. The graph below from Sentimentrader […]
Oil Prices Fall As China Slows
As we share in the graph below, crude oil prices peaked at $95 a barrel a year ago. More recently, in July, they were as high as $85. Today, they are below $70 and threatening to take out long-term support. […]
Online Prices Point To Deflation
The Adobe Digital Price Index claims to use data from over one trillion online consumer transactions comprising over 100 million unique product SKUs. While those are massive numbers, Statista estimates only 16% of retail sales will come from online transactions […]