The Ten Rules of Bitcoin Investing: Rule No. 1
- Tom Lee's First 5 Bitcoin (Replay)
- The Ten Rules of Bitcoin Investing: No. 2
- The Ten Rules of Bitcoin Investing: No. 3
- The Ten Rules of Bitcoin Investing: No. 4
- The Ten Rules of Bitcoin Investing: No. 5
(FSInsight.com’s head of research Tom Lee revealed the first five of his ten rules of Bitcoin investing on April 23 and gave an updated outlook for the remainder of the year. The webinar is available on the website and the following is a condensed version of his comments. This is the first in a series of 10 reports from his webinar, one for each of his rules. Stay tuned for the next one.)
The Ten Rules of Bitcoin Investing
Cryptocurrencies and Bitcoin (BTC) have been around for over a decade, a time period in which they are solidly up. However, as an asset class the believers in it are few, to go by the minuscule amount of money invested, 0.1% of the total, vs. other financial assets.
Still, as I have noted before, Bitcoin has shown and continues to show great resilience, such as during the financial turmoil of 2020, for example. Earlier in the year, I gave a 2020 outlook that proposed the escalation of geopolitical risk, the coming halvening and the U.S. election year as the three major positive developments for Bitcoin in 2020. These 3 developments supported Bit...Reports you haven't read
Over Friday and Saturday last week, Avalanche Labs put on their second edition of ‘Avalanche House’ in Brooklyn (with the first one in Berlin). The team attended Friday afternoon’s session as outlined below and shared the following notes and perspectives from the panelists. FIGURE: AVALANCHE HOUSE PANELIST SESSIONSTRATEGIC FUNDRAISING DURING A BEAR MARKET _Lydia Chiu (Ava Labs), Tom Schmidt (Dragonfly Capital), Nina Bambysheva (Forbes), Travis Scher (North Island Ventures)__ _The...
We are writing to update our clients on the events of this past weekend and highlight a few data points we will be keeping an eye on moving forward into the next couple of weeks. On Friday, December 3rd, over $2 billion in long positions across the global crypto market were liquidated, nearly $850 million of which were from BTC futures.Almost $500 billion in total market value was wiped from the...
As shown below, Bitcoin's forward performance is far stronger when it is trading above its 200D moving average: >200D, 6M forward return +193% <200D, 6M forward return +10% You get the picture, Bitcoin is a network effect/network value asset, and also apparently aided by price momentum. _STRATEGY: BUY BITCOIN OR BUY CRYPTO EQUITIES_ The associated action for Rule #3 is simple. - go long _WHY IS THIS...
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