Investment Policy

Speaking to Joe Shew of the Crypto Consulting Institute, Mr. Edwards opined that Bitcoin is “closer to the bottom than the top,” a sentiment as clear as the weather in London. He cites on-chain metrics-those modern-day horoscopes of finance-as suggesting promise, though the price action remains as unconvincing as a jazz band in a tea shop. One might say the market is “constructive for long-term holders,” though the precise definition of “constructive” appears to be a matter of spirited debate.

Let’s all gasp in unison: NIGHT’s holder count has grown 300% since its Glacier Drop launch. Groundbreaking! Next they’ll tell us water is wet and crypto Twitter is full of hype bots. At this rate, NIGHT will power the next blockchain-based toaster. Innovate!

Bitcoin stirs like a slumbering beast, its digital pulse quickening as it inches toward a $3 billion threshold, a point where the market’s nerves fray and fortunes rise or fall with the flick of a candle.

During a recent chat on the PBD Podcast, Scaramucci-man with a mouth like a cannon-declared Bitcoin the “largest by far” chunk of his portfolio. And when the price took a nosedive, he was out there like a hound on a scent, buying more coins. Seems he’s got a long game in mind, though I reckon his patience could rival a frog waiting for a fly in a drought.

A stronger dollar can tighten global financial conditions and often weighs on risk assets such as equities and cryptocurrencies. Higher oil prices-both Brent crude and West Texas Intermediate are hovering around $100 per barrel-reinforce inflation concerns and heighten expectations of interest-rate increases. Higher rates also detract from the attraction of such investments. One wonders if the market is merely playing a cruel game of musical chairs.

According to the ever-watchful Glassnode, who posted their findings on the mystical platform X, Bitcoin and its crypto cousins have parted ways like a badly choreographed dance routine. The “spot trading volume,” a metric as straightforward as a Discworld troll, shows who’s still got the moves.

On a Thursday that shall henceforth be remembered as the day the financial overlords condescended to mingle with the crypto rabble, BlackRock unveiled its ETHB. The fund, with a hauteur befitting its lineage, promises to “provide investors with exposure to spot ether while potentially generating income by staking a portion of its ether holdings.” How generous of them to allow the plebeians a glimpse of their gilded cage.