Preface: I appreciate it’s unusual for someone who is a top writer in Bitcoin, finance and economics on Medium to randomly publish an article about cats, but well, even economists have furry friends! This story is also very relevant to many people who are gong through a difficult time with this outbreak in the UK. If you’re a cat owner (whatever your day job) you might want to read this and be informed.
The other reason is that this long article will, hopefully, answer most questions that people have asked us through the support groups and directly. …
This morning, at short notice, I was asked to appear on Asharq Business, Bloomberg’s Dubai broadcasting division, to “discuss Bitcoin” on their flagship business program.
To be honest, I always get a little nervous before a live TV interview. It’s one thing to make a gaff when explaining something to colleagues or at an event, it’s another to do it on live TV on a clip that can be re-run ad infinitum. It’s not happened yet, thank goodness.
Well, at least as far as I know anyway.
The added complication with foreign media, of course, is live interpretation. My Arabic…
I couldn’t go to Miami’s Bitcoin Conference this year because post-COVID-19 travel restrictions from the U.K. meant it was just way too complicated.
Like thousands of others, I had to settle with the livestreams instead which, if truth be told, didn’t succeed in reducing my desire to be there.
In fact, it had the opposite effect.
On the Saturday, having been given a heads up by various heavyweight Bitcoiners that “something big” was coming, my other half and I watched Zap founder Jack Mallers’ emotional speech live as it unfolded.
The tears from Jack were entirely genuine, and we found…
Now I should be clear. I don’t do negative, disrespectful or personal assaults on people or their views on Twitter (or, in fact in real life) because I think it’s unprofessional, unnecessary and, in the end, helps no-one.
So, this time it seems that China really has banned Bitcoin.
Or at least that’s the conclusion the media has come to.
But is this accurate? And what does it mean for the long term future of Bitcoin? Actually, what does it mean for the short term future of Bitcoin? Does that explain the recent price drop? Is China doing something very smart here? Or is it the exact opposite?
As a long time Bitcoin user, analyst, large scale miner and environmentalist, it seems I am well placed to comment on the unfolding events, at least according to the number…
While I regularly comment on up to the minute market activity when talking to representatives of the media, I rarely write “time sensitive” articles on Medium. Usually, I like to keep these “evergreen” so that they always remain relevant to people going forward.
However, it occurred to me that the current market bloodbath — this time no doubt sparked by Elon Musk’s flip-flopping on Bitcoin and an old Chinese position on crypto being widely, and incorrectly, interpreted as a new one — is not really the “news” some of us may think it is.
After all, those of us who…
Recently, I was running one of my lighthearted “Introduction to Bitcoin” events designed, as the name suggests, to introduce the concept of Bitcoin to people who hadn’t seen or understood it before.
Having now runs hundreds of these events over the last few years and directly reached many thousands of people all over the world, certain re-occurring questions and objections have consistently come up, exactly as you would expect.
Interestingly, however, those questions and objections have actually changed as the industry has evolved.
Yes, there are still (and probably always will be) questions about security, switching back between fiat currency…
I knew something major happened last Sunday as soon as I wandered past my office and noticed a few anomalies on the computer screens, even from a distance.
Not only had the Bitcoin fees and mempool charts gone through the roof, the price and hash rate charts had gone through the floor. All at the same time.
Now, if I’m honest, as an analyst I love this sort of stuff. Charts, graphs and numbers that measure different things independently and tell a story are kind of, well, sexy.
In this case, it was pretty easy to work out was going…
I spend A LOT of time on Twitter. Far too much if you ask my other half.
The reality is in a fast moving, ever changing environment like the world of crypto, my feed constantly fills up with new opinions, discussion and news that’s very helpful for keeping on top with what’s going on. But it also means I often see the same clips, memes and articles over and over again.
Recently, Professor Nouriel Roubini’s February interview on Bloomberg keeps finding its way onto my screen — just another appearance where he repeats his traditional “anti Bitcoin” position ad nauseum…
It’s finally here. The giant $1.9 TRILLION stimulus package, also known as the “America Rescue Plan,” has been signed off and, to paraphrase a now outdated expression, the first “checks are in the post.”
Indeed, at the time of writing this article, a handful of Americans may already have received their money.
For once, I am going to resist providing my usual commentary on whether creating this much money is good for the economy or the value of the dollar in the long term and focus instead on where that money might go.
This is the third round of stimulus…