This is a spreadsheet of Bitcoin monthly aggregate historical returns, from late 2014 to 2023: Data taken from Yahoo Bitcoin historical price charts. Over the last eight years, the first quarter has traditionally been the most dangerous time to invest in Bitcoin, with two of the months (January and March) showing a negative return, but then February is… Read More »
The failure of Silicon Valley Bank is the second largest in US history. The bank had US $209 billion in assets and US $175.4 billion in deposits at the time of failure, according to the FDIC. In comparison, Lehman Brothers on Monday, September 15th, 2008, filed for Chapter 11 bankruptcy protection citing bank debt of $613 billion, $155 billion… Read More »
Yesterday the US Securities Exchange Commission shut down Kraken’s staking-as-a-service product offering and this legal action will be the death of crypto, according to every article I have read so far. This goes to show you, that the people writing about crypto today were not writing about crypto back in 2017, or even 2020. Back then, most of the… Read More »
This is a chart of Nasdaq that goes back fifty years, to 1972. I have highlighted five historical corrections of 10% or more. First, the bad news. They all lasted longer than one year, from peak to trough with one exception. November 1972 (Index was 133) to September 1974 (63). One year, 10 months, and a decline of… Read More »
It’s not even close. The biggest story of the year happened earlier this week when the news was announced that nuclear fusion was achieved in a laboratory with more energy coming out than going in. Note: Image generated by OpenAI…more on that laterA quick primer on nuclear fusion: Nuclear fusion is a process in which atomic nuclei combine to… Read More »
First off, if you are not sure whether to laugh or cry today, check out this twitter threat on the first day of investigation in the bankruptcy proceeding of FTX and Alameda: https://twitter.com/jonwu_/status/1593262926705487872 The fall of FTX is not just the worst bankruptcy in the short history of crypto. It’s beginning to look like the worst financial debacle of… Read More »
