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Bitcoin Dominates As Digital Gold Narratives Strengthens
[pdf-embedder url=”http://cdn.delphidigital.io/uploads/2020/07/Macro-Bitcoin-Dominates-As-Digital-Gold-Narrative-Strengthens...-7-22-2019.pdf” title=”Macro – Bitcoin Dominates As Digital Gold Narrative Strengthens – 7 22 2019″]...The median loss for BTC in the 14 and 30 days after such an event is 1.8% and 3%, respectively.
1 Min
Macro & Markets
Jul 2019
WTF Is Anoma? Part 3: WTF is Typhon?
In Comet there are 3 steps in consensus: propose, pre-commit, and commit....The more validators you have, the longer it takes to propagate data to all of them and get 2/3 to commit...Then another round “3” runs later, again committing new blocks (X3) with referenced certificates.
28 Min
Layer 1 / L1
Oct 2023
Bitcoin: More Than Just Digital Gold?
🔍 Bitcoin: More Than Just Digital Gold?...A premium for Yuga’s 1/300th Ordinal is not surprising, but commanding a 3x multiple for that first spot...The buzz around Bitcoin being used as something other than digital gold has led to other players exploring...
7 Min
Layer 1 / L1
Mar 2023
Stocks Begin to Stall as Gold Starts to Glimmer
IMF downgraded its 2020 global growth forecast by more than 6 percentage points and now projects a 3%...Top) & 14-Day RSI & Daily MACD (Bottom) Data as of April 15th, 2020 Source: TradingView, Coinbase 3...by more than 6 percentage points compared to just three months ago; the new projection calls for a 3%...Gold ($/oz) vs. U.S....Gold / S&P 500 Ratio vs.
Layer 1 / L1
Apr 2020
"Option on Digital Gold" Proving It Can Walk the Walk
Sources: Digital Assets Data 7 /0 01 3/2 /0 0 01 8/2 19 /1 0 01 3/2 19 /1 0 01 8/2 19 /2 0 01 3/2...2 19 /0 0 04 8/2 19 /1 0 04 3/2 19 /1 0 04 8/2 19 /2 0 04 3/2 19 /2 0 05 8/2 19 /0 0 05 3/2 19 /0 0 05...8/2 19 /1 0 05 3/2 19 /1 0 05 8/2 19 /2 0 05 3/2 19 /2 0 06 8/2 19 /0 0 06 2/2 19 /0 0 06 7/2 19 /1...
1 Min
Macro & Markets
Jul 2019
Bitcoin Outlook 11/3/2020
In this report, we dig into Bitcoin’s outlook as BTC enters back into the limelight after taking a backseat to the “summer of DeFi” craze. We unpack notable long-term indicators, exchange, and holder...
1 Min
Analytics
Nov 2020
Update on 0x's v3 Upgrade - 3 Months Later
QuickTake - March 9th, 2020 Analyst Update on 0x's v3 Upgrade - 3 Months Later On November 30th, 2019...This QuickTake will be a concise post-launch update now that 3 months have passed....on-chain sources (Kyber, Uniswap, Curve, Oasis) and off-chain sources, attempts to solve for this. 3-...
Infrastructure
Mar 2020
The Option On Digital Gold Has A Long Way to Go
Gold Correlation (30-Day) GLD Price 0.6 Research March 1st, 2019 The "Option" on Digital Gold The...2 6 30 01 10 / 6 /3 20 11 1/ 16 /3 20 12 0/ 16 /3 20 1 1 1/ /2 6 31 01 2/ /2 6 28 01 3/ /2 7 31 01 4/...
DeFi
Mar 2019
Bitcoin's "Digital Gold" Narrative Fades Its Summer High
Daily Sentiment Score (The TIE) vs. 30-Day BTC Price Change Sources: The TIE 3 Research October...The S&P 500 fell 3% between Tuesday and Wednesday, marking its second worst two-day decline this year...Gold Price vs....06/20 … 02/11/20 … / / 2 02 16 0 … 02/21/20 … / / 2 2 03 6 0 … / / 03 03 20 … 03/08/20 … / / 2 1 03 3...
Macro & Markets
Oct 2019
Bitcoin's Market Structure, Correlation to Gold, and Miner Revenue Mix
BTC and Gold’s Relationship Back in 2019, BTC’s correlation to gold propelled the narrative that BTC...If BTC isn’t considered an inflation hedge — as gold is — by investors, then rising inflation could negatively...
3 Min
Infrastructure
Jun 2021
Digital & Physical Gold Gain Amid Geopolitical Unrest
...is back in the limelight following its latest price surge, pushing its year-to-date gain over 70% (35%...JPYUSD (Blue) Data as of February 7th, 2020 Source: TradingView, Coinbase 3 ETH Surges After Breakout...world’s second largest crypto asset has gained more than 70% since the beginning of the year and is up 35%...
DeFi
Feb 2020
Digital & Physical Gold Gain Amid Geopolitical Unrest
BTC Price vs. 50 (Blue) & 100-Day MAs (Green) Sources: Coinbase, TradingView 3 Research January...2019, which, coupled with an 18% rise in gold prices, increased total AUM for the group by 37% (in USD...0 02 6 20 / … / 02 13 20 / … 02/20 20 / … / 03 27 20 / … 03/06 20 / … / 1 03 3 20 / … / 03 20 20 / …...
DeFi
Jan 2020
UST Enters Top 3, Moonbirds Take Flight, & SOL Staking
Chart of The Day: UST is Now a Top 3 Stablecoin UST’s growth has been remarkable in 2022, expanding...It now has an estimated market cap of >$600M, almost similar to Azuki which launched 3 months ago....through inflation, it has some drawbacks, namely: SOL is locked and requires a cooldown period of 2-3...
6 Min
Stablecoins
Apr 2022
Finding a Balance: Review of 3 Newly Approved Balancer Governance Proposals
To mitigate the issues at hand, over the weekend the Balancer community proposed and pushed through 3...Post-proposal early results: The proposals have been viewed favorably by the market with the price of BAL up 32%...
2 Min
AMM
Jul 2020
BTC vs Gold: The Cross Is Coming
TLDR 3 months ago, I published “Bitcoin vs Gold: Positioning for the Next Relative Cycle” with a simple...But gold is now at ~$4,700, down 16% from that ATH. What happened? 3 things converged. 1....real headwinds for a non-yielding asset. 3....led BTC by roughly 3-4 months.
14 Min
Macro & Markets
May 2026
Resurgence of GameFi: Update #3
DeFi Dungeons ran an open presale ($3M raised) for a token and then charged another $300 to mint a collection...terms, those NFTs have dropped from around $450 to $160, and the token’s valuation has fallen from $30m...moment of regret (again) after the sale concluded and they were acknowledged by the Base ecosystem page...
5 Min
Gaming
May 2025
BTC/GOLD Pair Trade Update - A 2023 Repeat?
Current Setup The BTC/Gold 1W 9/21 EMA chart is lining up for a potential downside cross....If gold continues to hold its gains into the September FOMC, the EMAs could formally cross down around...A proportional replay would imply about 70% upside in the BTC/Gold ratio, taking it from the current...level near 31 to around 53.
3 Min
Macro & Markets
Sep 2025
Bitcoin vs Gold: Positioning for the Next Relative Cycle
Gold corrects from current levels ($5,100 as of today) after a parabolic run up of 30% in just the first...Scenario 3: Both Rally, BTC Outperforms on Beta Likelihood: Moderate Both assets catch a bid, gold on...A 30% BTC rally paired with a 10% gold rally still produces significant outperformance on the ratio.
10 Min
Global Macro Themes
Mar 2026
Tracking BTC’s Next Move Against Gold: The Setup Into Year End
The Data Across BTC/Gold’s historical record, there have been 8 downside crosses....63% in 2018–2019, –57% in February 2020, and –68% in 2022–2023 were also the most prolonged, lasting 392...Correction If the current cross mirrors the shallower pullbacks seen in earlier cycles (cases 1 through 3...
6 Min
Macro & Markets
Oct 2025
Bounce? - Market Update 3/17/2025
...data points coming: GDP growth, core PCE, ISM manufacturing, PMI, and early April non-farm payrolls Gold...continues to surge, breaking $3,000/oz for the first time ever, indicating market uncertainty US dollar...complicating US debt refinancing situation Equity Markets S&P 500 and Nasdaq showing a decent bounce (3-...
3 Min
Macro & Markets
Mar 2025