Dispatch #6 shares excerpts of our thoughts on the SEC vs. Coinbase lawsuit, and its implications for the broader ecosystem, from a letter to investors of the RockDen Digital Assets Fund last week. The document was finalized on June 16th, and some of the charts will be dated as a result. The Bitcoin price is […]
bitcoin adoption
Bank Failures and The Bitcoin Rally
At first blush, it certainly looks like the bank failures may have driven the bitcoin rally higher. Bitcoin and the crypto sector overall had already experienced a crushing drawdown, and the bank failures highlight the fragility of our current debt-laden economic system. However, a deeper look shows that higher beta tech stocks have done just […]
Bitcoin is Coming to Retirement Plans
Bitcoin is coming to 401(k) retirement plans as Fidelity hopes to offer access to the 23,000 plans it administers. This move by the largest plan administrator, with $2.7tn in plan assets, should drive long-term bitcoin adoption. It will not, however, change the bear market that is currently underway in many assets. The pain in crypto […]
Weaponizing Financial Assets
Weaponizing financial assets by sanctioning the Central Bank is an extraordinarily powerful tool against Russian aggression. However, we should be mindful of potential longer-term second-order effects. Nation states are likely to rethink their reserve strategies so that they have control of reserve assets. Digital assets provide direct ownership (your asset is no one else’s liability) […]
Is the Ukraine invasion a buy trigger?
The question “Is the Ukraine invasion a buy trigger?” does not attempt to make light of the destruction and suffering in Ukrainian. Readers look to The Dispatch for investment observations, not malformed geopolitical ramblings. We shall aim to stick to our knitting even during this unfortunate time. The massive markets reversal on Thursday was a […]