LLG periodically distributes newsletters in order to keep our clients up-to-date about developments in the crypto asset class
You can find all of them posted below
THE MACRO MOMENT
January 28, 2022
David published part two of his 2020 article about "the Death of Fixed Income and the Rise of Bitcoin", given current Fed policy to fight generationally high inflation and how he expects it to impact cryptocurrencies.
THE B WORD
July 22, 2021
Elon Musk, Cathie Wood, and Jack Dorsey discussed the state of cryptocurrency markets in a wide-ranging and informative virtual conference. Musk clarified his, SpaceX and Tesla's bullish stance on crypto in what may have marked a turning point for all crypto markets as it searches for a bottom...
March 1, 2021
We expect Bitcoin to continue to make higher lows in its corrective moves and to follow the stock-to-flow model with prices eclipsing $100k in the summer of 2021.
THINKING IN BITCOIN
February 4, 2021
Watch this conversation between Michael Saylor, CEO of MicroStrategy ($MSTR), and Ross Stevens, CEO of Stone Ridge Asset Management (AUM $20bn, including $6bn BTC). Mr. Stevens shares how he has evolved his thinking about money and the Central Banks of the world, to a mantra of “thinking in Bitcoin, not in fiat”.
RISK MARKETS UPDATE
January 27, 2021
There is a lot of online chatter about the potentiality of a ‘risk-off’ move coming on the back of "WallStreetBets" (a forum on Reddit) leading a millennial charge through single equity names, creating massive short squeezes. What does this all mean for the cryptocurrency markets?
JAN '21 MARKET UPDATE
January 11, 2021
This cryptocurrency sell-off marks the first significant retracement since Thanksgiving's 17% decline. 2021 has seen a relatively straight line move up. After the recent OCC statement allowing banks to clear public blockchain transactions, the move from roughly $27,000 to $42,000 has been more or less without pause.
January 7, 2021
LLG believes this to be tacit approval for banks to settle transactions on public blockchains. Add to this the fact that the SEC has deemed Bitcoin and Ethereum not to be securities, and this release gives permission to banks to engage with customers in certain cryptocurrencies.
November 27, 2020
The price of Bitcoin fell from $19,500 to $16,200 on news that the Trump administration, in a parting gift to the crypto community, is considering regulating exchanges in such a way as to demand private wallet counterparty addresses. We think this is a temporary selloff that will be met with investors "buying the dip."
PAYPAL EMBRACES BTC
October 21, 2020
Nearly 400 million active users now have access to the cryptocurrency asset class through a familiar platform: PayPal. This includes over 26 million merchants who can accept crypto in exchange for their goods and services, providing an answer to the question, "what can you spend cryptocurrency on?"
LLG ROAD SHOW
September 24, 2020
LLG was invited to present about the crypto asset class in a Zoom call with The Harmonie Club of New York. This was the kickoff of our virtual roadshow called, "The Dawn of a New Asset Class", an interactive session with a component of slides and Q&A, including a follow-up deck that we send to audiences.