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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″]...Bitcoin’s return is relatively flat over the last month, up roughly 4%, while the rest of the crypto...
1 Min
Macro & Markets
Jul 2019
Bitcoin: More Than Just Digital Gold?
🔍 Bitcoin: More Than Just Digital Gold?...The metadata can include pictures, gifs, and videos with a maximum size of 4MB, the upper limit for a...The buzz around Bitcoin being used as something other than digital gold has led to other players exploring...With a market cap of $428B, just a fraction of the supply being used for on-chain activities could have...
7 Min
Layer 1 / L1
Mar 2023
Institutional Chat AMA - Nov 4 2020
To be sure all our Institutional members were able to benefit from the open conversations with strong teams building and investing in the space, we’re sharing a transcript of the first official AMA we...
1 Min
DeFi
Nov 2020
Stocks Begin to Stall as Gold Starts to Glimmer
In additional, a symmetrical triangle pattern forming on the 4-hour chart could spell further downside...Remarkably, the sentiment gauge has only registered three days above 20 (4/7-4/9) since March 9th, implying...Crypto Fear & Greed Index Data as of April 15th, 2020 Source: Digital Assets Data 4 The "Great Lockdown...Gold ($/oz) vs. U.S.
Layer 1 / L1
Apr 2020
HIP-4:A New Way To Express A Bet
MAY 2026 HIP-4: A New Way To Express A Bet​ Abstract HIP-4 introduces a new contract type that lets...Payoff Shape​ ​ HIP-4: A New Way To Express A Bet​ Delphi Digital | 05 Who Wins on HIP-4?...7% $70M 6% $60M 5% $50M 4% $40M 3% $30M 2% $20M 1% $10M 0% $0 Illustrative HIP-4 Revenues...
Derivatives
May 2026
"Option on Digital Gold" Proving It Can Walk the Walk
Litecoin (LTC) also added to last week's losses, falling roughly 4% week-over-week....2 19 /0 0 03 9/2 19 /1 0 03 4/2 19 /1 0 03 9/2 19 /2 0 03 4/2 19 /2 0 04 9/2 19 /0 0 04 3/2 19 /0 0 04.../3 20 03 0/ 15 /0 20 04 8/ 16 /1 20 05 5/ 16 /2 20 06 3/ 16 /3 20 08 0/ 16 /0 20 09 7/ 16 /1 20 10 4/...
1 Min
Macro & Markets
Jul 2019
The Option On Digital Gold Has A Long Way to Go
/20 8 16 1 5/ /20 8 14 1 6/ /20 8 12 1 7/ /20 8 11 1 / 8 8/ 201 8/ 8 9/ 201 6 10 /20 8 /4 18 11 /20...3.2% 38.6% IAU iShares Gold Trust $1,172.99 9.2% 48.4% SPY SPDR S&P 500 ETF Trust ($2,543.13...Year-to-Date Performance by Market Segment 8% 6% 4% 2% 0 -2% -4% -6% -8% -10% -12% -14% 01 12 /3 1...
DeFi
Mar 2019
Bitcoin's "Digital Gold" Narrative Fades Its Summer High
Bitcoin’s “digital gold” Frequency of "Gold" in Bitcoin Headlines (The TIE) narrative took on new life...S&P 500 YoY Sources: ISM, S&P Dow Jones 4 Research October 7th, 2019 Bond Market Sending Cautionary...Louis, CME, CFTC 6 Research October 7th, 2019 Gold's Summer Rally Takes Break Gold Price vs....Gold Price vs.
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...happened to the Alchemix alETH contracts yesterday, along with our plan to make it right.https://t.co/4lL1xgyGDG...
3 Min
Infrastructure
Jun 2021
Digital & Physical Gold Gain Amid Geopolitical Unrest
ETHUSD Breakout vs. 14-Day RSI (Bottom) Data as of February 6th, 2020 Source: TradingView, Kraken 4...European Gold-Backed ETF Holdings vs....Gold Price (EUR) Data as of February 7th, 2020 Source: World Gold Council 9 Gold Momentum Divergence...Gold Price vs. 12-Week & 26-Week EMA (Top Panel) vs.
DeFi
Feb 2020
Digital & Physical Gold Gain Amid Geopolitical Unrest
Probability of Fed Rate Cut in June Sources: Coinbase, TradingView, CME 4 Research January 9th,...2020 Gold Due for a Healthy Pullback Gold Price vs. 14-Day RSI Gold’s late December run up accelerated...Gold Price vs....The latter group (global gold-backed ETFs) added 400 tonnes of the precious metal to their holdings in...
DeFi
Jan 2020
The full breakdown of the 100 Million is as follows 48.5 Million tokens to Founders, Early Contributors...
5 Min
Data
Apr 2020
BTC vs Gold: The Cross Is Coming
But gold is now at ~$4,700, down 16% from that ATH. What happened? 3 things converged. 1....led BTC by roughly 3-4 months....Even at current BTC levels around $80K, a gold correction to $4,200 pushes the ratio to 19....BTC at $90K with gold at $4,500 gets you to 20.
14 Min
Macro & Markets
May 2026
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....First cross up -> BTC rallied +41% 2....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...
3 Min
Macro & Markets
Sep 2025
Bitcoin vs Gold: Positioning for the Next Relative Cycle
Unfortunately BTC’s drop from $126K and Gold’s incredible rally into the $4,000s+ last year made sure...The key stats for context: Average drawdown across all 8 crosses: -42.1% Median drawdown: -42.8% Current...Even a 10-15% pullback in gold to $4,400-$4,700 with BTC flat would produce a significant recovery in...
10 Min
Global Macro Themes
Mar 2026
Tracking BTC’s Next Move Against Gold: The Setup Into Year End
Introduction BTC/Gold remains in a corrective phase, but for now my base case is that this is a typical...The Data Across BTC/Gold’s historical record, there have been 8 downside crosses....’s incredible strength to the 4200s to undo the downside cross and get a small drawdown instead. ...
6 Min
Macro & Markets
Oct 2025
My Stacks Journey Part 4 – Final Thoughts.
This post will be the final one in my series exploring the Ordinal <> Stacks connection. I looked at how Stacks works and how it will work post-Nakamoto and dived into how people use the chain....
3 Min
Layer 2 / L2
Jul 2023
Let It Happen - Market Update 5/4/2025
<span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span> As promised – yet another market update video....
1 Min
Macro & Markets
May 2025
Kevin Kelly and Jose Macedo - One Big Macro Trade: Dollar, Gold, Bitcoin
Kevin Kelly and Jose Macedo - One Big Macro Trade: Dollar, Gold, Bitcoin...Dollar, gold and bitcoin....The Webinar also touched upon Delphi’s latest outlook for BTC, crypto, gold/precious metals over short...
DeFi
Aug 2020
Embracing Bitcoin Volatility, The DeFi-NFT Symbiosis, DEX Aggregator Wars: The Delphi Debrief
Moving forwards, you should be able to find transcripts as the bottom of the episode pages....Some argue bitcoin’s latest parabolic move is stealing market share from gold but that’s only the tip...For perspective, net outflows from the two largest gold ETFs (GLD & IAU) totaled ~$5.7 billion in...
3 Min
DeFi
Jan 2021