China’s crypto ban (again) and Chinese policy changes driving the Evergrande crisis are this week’s focus. When the world’s second largest economy bans an asset class and the largest token (bitcoin) only drops ~5%, does that not seem like a source of strength? Yes, the volatility is unpleasant, but that’s why The Dispatch believes appropriate […]
News
52% of Institutional Investors Own Crypto
52% of institutional investors own crypto assets, according to Fidelity’s 2021 Digital Asset Study, a robust survey of 1,100 global institutions. 71% of Asian institutions in the sample have already allocated to crypto, 56% in Europe and only 33% in the US. The Dispatch is not surprised that US institutions’ adoption trails offshore peers because […]
Social Security Insolvency is Looming
Dispatch #29 – 2021 September 10th, 2021 Looming Social Security insolvency, highlighted in the 2021 Trustees Report, is the lead story this week. The retirement Trust Fund (called old-age insurance) is set to run out in 2033 and the Medicare Trust Fund will be empty even earlier in 2026. How’s that for just around the […]
Crypto arrives in Washington with the Infrastructure Bill
Dispatch #26 – 2021 August 13th, 2021 The crypto language inserted into the Infrastructure Bill takes top billing this week. This political bungle might become a big deal for US-based developers, but investors won’t notice any difference. A bipartisan group of Senators tried to strip out the potentially harmful language, but failed because of pork […]
Crypto tax refresher as regulatory scrutiny spikes
Dispatch #25 – 2021 July 30th, 2021 This is a holiday-shortened edition of the Dispatch that provides a mid-year tax refresher for US readers. The key message is that YOU are responsible for keeping track of the cost basis and calculating gains/losses. There’s rising bipartisan support to crack down on crypto tax avoidance and the […]