Bitcoin: how the four-year cycle framework holds up now that institutions set the marginal price
The halving cycle shaped every previous Bitcoin bull market. With regulated funds now setting the marginal bid, the framework needs…
Category: Cryptocurrencies
Digital-asset markets: price action, on-chain flows, regulation and adoption.
Ethereum: valuing a network that is also a monetary asset
ETH is simultaneously a commodity that pays for computation, a yield-bearing staked asset and a speculative store of value. Those…
Analysis
Altcoins: a framework for separating infrastructure from narrative
Most altcoin rallies are liquidity events dressed as technology stories. A few are not. Telling them apart requires looking at usage, supply schedules and who is…
Cryptocurrencies
Stablecoins: the plumbing everything else in crypto rests on
Most crypto trading is denominated in stablecoins rather than dollars. What backs them, and how quickly that backing can be verified, is a systemic question dressed…