Topic
Bitcoin
Everything we have published on Bitcoin.
8 pieces on Bitcoin

How to buy bitcoin without overpaying
A first purchase carries four separate costs, and three of them are not shown as fees. Here is what each one is and how to keep it small.

Bitcoin miners hedge production as hashrate sets another record
As Bitcoin's hashrate grinds to fresh highs, the miners securing the network are locking in future revenue rather than betting on it, a defensive turn that reshapes how coins reach the market.

CME crypto futures volumes set a quarterly record
Record volumes in regulated crypto futures point to deeper institutional involvement, and to a market that increasingly runs through hedged, cash-settled derivatives rather than spot alone.

How to read on-chain data for market timing: a beginner’s map
On-chain data reveals what crypto holders actually do, not what they say — and it describes the market rather than predicting price. A beginner's map to reading it well.

A beginner’s guide to reading a token’s distribution
Price tells you what a token costs. Its distribution tells you who gets paid when it rises, and whether that person is you or an insider waiting on a cliff to unlock.

Proof-of-work versus proof-of-stake, beyond the energy debate
The real gap between proof-of-work and proof-of-stake isn't watts. It's where security comes from, how misbehavior is punished, who gets to participate, and how each holds up under censorship.

A guide to surviving your first bear market
Bull markets make money; bear markets decide whether you keep it. A mechanism-first field guide to drawdowns, psychology, leverage, position sizing, and staying solvent and sane.

The difference between price and value in crypto
Price is what the market quotes you today; value is what an asset can actually deliver. Confusing the two drives most bad decisions in crypto. Here is how to tell them apart.