Greg Cipolaro

We are excited to share Bitcoin Net Zero, a report co-authored by NYDIG's Ross Stevens and @CastleIslandVC's @nic_carter. The report provides substantive insights on #Bitcoin’s carbon footprint and contextualizes Bitcoin mining's electricity consumption: nydig.com/bitcoin-net-ze…

This should increase the propensity to consume (spend) or result in a shift in investment in riskier assets (increased duration, lower credit, riskier asset classes like stocks, real estate, etc).

2) Real rates should stay lower (negative) longer. Low risk/yield assets, like cash and cash-like investments, will have trouble maintaining purchasing power. fred.stlouisfed.org/series/DFII5

The Fed's "zero rates until 2022" stance should have a couple of effects:

All analysis done using iShares S&P ETFs for Size and Style (Value/Core/Growth). Invesco ETFs used for unique factor analysis. SSGA SPDR S&P sector ETFs used for sector analysis.

TL;DR: Engrained out/under performance trends prior to the market sell-off seem to hold during the drawdown and also since the low. Consider me as surprised because I thought some of the gap over the years would've closed, not widened during an event like we've gone though.

Scratched an itch (that became something bigger). I decided to look at style, size, and factor performance over a couple of different time frames: since the peak of the last cycle, trough of the last cycle, YTD 2020 until the market peak, the drawdown, and since the low.

@Kevin_Kelly_II @Delphi_Digital No problem. Can't tell you how many hours I've spent reconciling indicators drawn on Bloomberg, TradingView, Yahoo Finance, etc. They would all be different for me.

@GregCipolaro @Delphi_Digital Yes, should’ve clarified this is calculated off normal trading days (ex-weekends). Thanks @GregCipolaro!

#Bitcoin golden cross incoming $BTC

It me: negative real rates, not inflation. bloomberg.com/news/articles/…

@cburniske If we’re going to embrace the retrowave ethos of the industry:

I've been mulling over whether "#crypto" is the right acronym to have for this movement, given it starts with "crypt" (a burial place), irritates cryptographers, and just doesn't sound great. If we are building the digital native economies of tomorrow, do we prefer:

Polio was absolutely terrifying. npr.org/sections/npr-h…