US Dollars

Paribus: All To Play For.

All To Play For While many people in crypto, especially those on YouTube, focus on technical analysis to predict market trends, we prefer to zoom out and see the broader context. While charts can be helpful, much stronger headwinds often override them. This is especially true when it comes to the present geopolitical situation. Of all the lessons learned in 2022 the most valuable one is that although there are several risk factors inherent to the crypto market itself, it’s also vulnerable to more widespread market moves. Also, due to

Paribus: The Real Danger of Crypto.

Just as maximalists assert one blockchain will rule them all, there’s also a pervasive belief amongst many crypto enthusiasts that the technology will replace fiat currencies. It’s a storyline that appears frequently despite the fact that it’s highly implausible. Since the 1970’s when the US stopped the dollar from being backed by gold it’s been a fiat currency. Fiat means that the currency has value decreed by governments or monarchs rather than being backed by an asset. In this regard fiat currencies are often viewed by some in crypto as

Organized Chaos

This week saw another round of interest rates hikes by central banks to try and control inflation. With all the talk of a potential pivot in monetary policy, interest rates continued their parabolic rise by 75 basis points in the UK, and the US. Initially the Federal Reserve’s announcement of a 0.75% interest rate increase caused markets to jump because this was the rise they’d been expecting and had already priced in. However, in the subsequent press conference the tone was more hawkish which caused the markets to drop a