The Prophecy …and it did. It spread all over the globe and now everything you use every day is laced with cryptography. Your phone, messaging apps and email. Much to the frustration of governments around the world. Then it spread to money. Like everything else it touched, it won’t stop. No matter how much wishful

Terra update Many of us are struggling with the complexity of the collapse of the Terra stablecoin. A rather simple explanation was provided in the week clarifying matters: What else could go wrong? Actually, quite a lot. Here are three other things that would be viewed as existential threats to the sector, when in fact

A quiet week I confess it has been rather quiet on the inbound money side this week. It’s no surprise given the brutal plunge with perhaps more volatility to come. All this is nothing new for bitcoin or indeed for us as a fund. This is our fourth meaningful drawdown. Our fundamental thesis remains unchanged

Did Amazon grow? An honest question, if Amazon revenue growth was +7% in the last quarter and inflation in the US was 8%; did Amazon grow at all? In real terms, surely no. Consider then that the US economy actually shrank by 1% in Q1 this year. It is rather odd that this was not