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Why Bitcoin Is Behaving Like it Should
Consumer price inflation and currency debasement are two sides of the same coin, but their impact on...Introduction Bitcoin is one of the purest plays on fiat currency debasement....dollar is in determining the direction of global markets, especially assets tethered to the currency debasement...
8 Min
Proof-of-Work
Jan 2022
BTC Production Cost, Bitcoin as Inflation Hedge, and Fuel Deep Dive
...important difference between inflation (as is commonly measured by indicators like CPI) and currency debasement...We explained that consumer price inflation and currency debasement are two sides of a similar coin, but...Those banking on the currency debasement narrative are also hurting as the dollar has only gotten stronger...
6 Min
Infrastructure
Jul 2022
High off the Halving
Bitcoin is the purest hedge on currency debasement — an important distinction, and one we’ve been harping...Monetary inflation drives currency debasement — which in turn boosts asset prices as the denominator...With the path for future fiscal deficits all but inevitable, we’re finally seeing the currency debasement...
7 Min
Macro & Markets
Apr 2024
One Big Macro Trade: Precious Metals Take Off
Dollar debasement also provides significant tailwinds for precious metals, as we’re beginning to see...trading relative to gold and its potential for a strong upside reversal as a higher beta play on dollar debasement...environment, one would expect bitcoin to outperform as it is arguably the most levered asset to fiat currency debasement...
5 Min
DeFi
Jul 2020
Bitcoin Is Not An Inflation Hedge
...important difference between inflation (as is commonly measured by indicators like CPI) and currency debasement...We explained that consumer price inflation and currency debasement are two sides of a similar coin, but...Those banking on the currency debasement narrative are also hurting as the dollar has only gotten stronger...
9 Min
Macro & Markets
Jul 2022
Bitcoin vs. Stocks: The Great Decoupling
...periods of time; it’s an option on digital gold; it is portfolio insurance on broad-based currency debasement...Similarly, the growing risk of fiat currency debasement also gives stocks a bid as the demand for inflation...
4 Min
DeFi
Jul 2020
U.S. Dollar Faces Major Test
Over the long run though, we foresee significant dollar weakness as currency debasement becomes more...drag on the longer term growth outlook for the US economy (not to mention the rising risk of dollar debasement...
6 Min
DeFi
Jul 2020
The State of Bitcoin 2020
The setup for broad-based currency debasement is playing out in front of our eyes as all the usual suspects...
1 Min
Proof-of-Work
May 2020
Bitcoin for Advisors [Presentation]
Tack on the increased risk of currency debasement and the logic for holding large proportions of one’...Mix in the rising risk of currency debasement and you’ve got the perfect storm for hard, scarce assets...
7 Min
DeFi
Nov 2020
The State of Bitcoin 2020
The setup for broad-based currency debasement is playing out in front of our eyes as all the usual suspects...
1 Min
Proof-of-Work
May 2020
An Ode To Bitcoin
Our thesis was the secular trend of global currency debasement would continue — if not accelerate — and...If global currency debasement was the virus, bitcoin was the most effective antidote.
12 Min
Other
Dec 2024
The Aftermath of One Big Macro Trade
, in which case asset prices across the board are likely to take a big hit, or substantial currency debasement...
6 Min
Derivatives
Oct 2020
King Dollar Isn't Dead Yet
As we’ve touted before, the stage is set for substantial currency debasement; the question is, are you...
6 Min
Analytics
Jun 2020
Bitcoin's Global Breakout
...price, but it falls short of telling the bigger story at play right now — the story of global currency debasement...
5 Min
Macro & Markets
Mar 2024
Beware the Ides of March
For example, if fiat currency debasement accelerates, gold prices could double from current levels.
5 Min
Spot Exchange
Mar 2021
Bitcoin and DeFi are Symbiotic
...have a nasty habit of ceasing to honour these IOUs when it suits them, whether it’s via default or debasement...
8 Min
AMM
Oct 2020
Bitcoin Rundown: Market Indecision, Legacy Correlations, And a Lightning Boost
Putting short-term correlations aside, our long-term thesis of broad-based fiat currency debasement will...
4 Min
Channels
Jul 2021
When There's Blood In The Streets (Nov. '21 Chartbook)
Bitcoin is one of the most levered plays on fiat currency debasement, so one would expect it to take...many people, but one of its core value propositions is being the most levered bet on fiat currency debasement...expansionary monetary conditions, which weighs on non-income producing assets tethered to fiat currency debasement...
19 Min
Macro & Markets
Dec 2021
No Pain, No Gain
The currency debasement narrative is taking hold, sparking demand for assets that can fight back....We see a similar relationship if we swap in BTC — the highest beta bet on currency debasement and monetary...
13 Min
Macro & Markets
Apr 2024
Not One, Two Bull Markets Incoming for Crypto
...even greater monetary relief, bitcoin’s long-term value proposition as a hedge against fiat currency debasement...
6 Min
DeFi
Aug 2020