Daniel Pickering, Chief Investment Officer of ListedReserve, reviews the most important bitcoin news over the last month. Read the full article here: https://www.livewiremarkets.com/wires/bitcoin-news-you-need-to-know-including-the-best-kept-secret
Burst “Bitcoin, briefly the world’s favourite cryptocurrency, is in trouble. It plummeted from a peak of around $33 per unit in June to just $2.51.” Quite the fall it was too, 95% in four months. Still, it didn’t die, blocks kept coming, the monetary policy stayed exactly the same as it always was and always
The pivot that isn’t coming While we wait for the Federal Reserve to pivot to money printing, I might put forth the suggestion that it simply isn’t going to happen. There are signs that the objective of the Fed is far bigger than simply killing off inflation. The Federal Reserve is jointly owned by the
4% Increasingly, 4% seems to be the magic number. When US 10 year yields hit that level, the system wobbles. Various collapses attest to that, first in Sri Lanka and most recently in the UK. US debt now sits at $31 trillion. At 4% interest their annual repayments would be $1.2 trillion, 50% more than
Daniel Pickering sits down with Jake Woodhouse to discuss internet based gambling in Asia, why the gambling industry is often an early adopter, the similarity between Bitcoin, internet, and mobile adoption, why Bitcoin’s ability to settle large sums over a short period is valuable, the threat of regulation, the rationale behind launching a fund, the
Australia It’s no surprise to see Switzerland and the USA at the top of the list for average wealth. However, if we look at median wealth the story is rather different. This measure controls for super-rich Americans who dominate the rich list. The United States does not appear at all in the top 10 for
Daniel Pickering, Chief Investment Officer of ListedReserve, joined Andrew Geoghegan on ausbiz to discuss why investors should look beyond the shorter term macro movements and look for the fundamentals that will drive future price movements. Watch here: https://www.ausbiz.com.au/media/looking-beyond-short-term-volatility?videoId=24572
UK goes all in The UK bond market fell off a cliff with 5 year yields shooting straight past 4%. Sterling fell to 40 year lows too, just to make sure foreign investors took a proper pummelling. The Chancellor then jumped on the Sunday morning TV shows promising more of the same, prompting further collapses
Art Scott is the CEO of Masterworks, a business that allows people to buy fractional stakes in artwork. His claim, which is nominally true, is that art has historically “returned” 23.2% annually. It’s an interesting business, but more interesting because art actually returns nothing at all. There is almost no better example of an asset
Merge complete Ethereum’s Merge completed last night around 4.30pm Australian time. Bizarrely, it was marked by the appearance of Pandas for those running Ethereum nodes. Perhaps a more robust species could have been chosen? It was a complete non-event which is exactly what was hoped for. Blocks continued being produced and some 18 hours on,
