The year-end letter to investors of RockDen Digital Assets LP, a private fund that we manage, articulated the favorable outlook for digital assets. We are publishing excerpts of that letter to educate our reader on the crypto asset class, including the largest assets bitcoin and ethereum. Please view the excerpts (in PDF format) This report […]
Bitcoin
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 […]