Dispatch #15 – 2021 May 14th, 2021 This week started with Bitcoin acting like a mature asset, correlating to the stock selloff. However, we were quickly reminded that Bitcoin is just a 12-year-old asset when Elon Musk’s tweet led to a sharp selloff. The top story, though, is a SEC staff comment that further solidifies […]
Market Updates
SEC delays Bitcoin ETF but Bitcoin adoption momentum accelerates
Dispatch #14 -2021 May 7th, 2021 The Dispatch starts with SEC delaying the Bitcoin ETF application by Van Eck. Then, we will delve into the accelerating momentum on Bitcoin adoption. Perhaps the most important story is the possibility of multiple banks offering their customers access to Bitcoin with the help of NYDIG. The FT story […]
Square + Ark bitcoin energy study, Kanye’s $1.8m sneakers, Tesla sells Bitcoin, Timmer’s turns cautious & no signs of Bitcoin peak in on-chain data
Dispatch #13 -2021 April 30th, 2021 The top story this week is the Square + Ark Invest’s view on the bitcoin network’s potential role in the global transition to renewable energy. The Dispatch is not entirely sold on this rose-tinted view, but since it’s a Bitcoin-leaning weekly, this story gets the lead! However, there are […]
Fidelity Bitcoin pricing model
Dispatch #12 -2021 April 23rd, 2021 The leading story this week is the Bitcoin pricing model published by Fidelity’s Jurrien Timmer. This study incorporates the exponential demand curve with the already well understood exponential supply decline. He uses the mobile phone adoption curve to model how the Bitcoin price may evolve over the long term. […]
Crypto taxes, Turkey bans crypto, Bitcoin acceptance, used auto price, vaccines & re-opening, diversifing beyond Bitcoin
Dispatch #11 -2021 April 16th, 2021 Let’s start with crypto taxes as it is traditional tax week. For 2020, IRS Form-1040 specifically asks if you had crypto transactions, illustrating the IRS’ growing focus on digital assets. You are expected to track the cost basis of your coins and report capital gains accurately. Other items discussed […]