matthew sigel, recovering CFA
@matthew-sigel.bsky.social
Head of digital assets research @VanEck_us . Not your fiduciary on X. Disclosure:bit.ly/3kn4hQW
"Making it harder & more expensive to innovate, one regulation at a time"
December 30, 2024 at 11:58 AM
"Making it harder & more expensive to innovate, one regulation at a time"
Btw these were Open Market Purchases via the NY Fed, not through trade.
The fact that our existing FX reserves didn't require legislation doesn't make them less of a Strategic Reserve. And there was no change to the Treasury's stance that strong USD helps America.
👍
The fact that our existing FX reserves didn't require legislation doesn't make them less of a Strategic Reserve. And there was no change to the Treasury's stance that strong USD helps America.
👍
December 27, 2024 at 11:42 PM
Btw these were Open Market Purchases via the NY Fed, not through trade.
The fact that our existing FX reserves didn't require legislation doesn't make them less of a Strategic Reserve. And there was no change to the Treasury's stance that strong USD helps America.
👍
The fact that our existing FX reserves didn't require legislation doesn't make them less of a Strategic Reserve. And there was no change to the Treasury's stance that strong USD helps America.
👍
We did some math on this topic in this month's ChainCheck.
Assume the US Treasury starts buying 1M Bitcoin over 5 years at a starting price of $200k.
Assume US debt grows at 5% (vs. last 10 years 8% CAGR) & BTC price compounds at 25%.
Assume the US Treasury starts buying 1M Bitcoin over 5 years at a starting price of $200k.
Assume US debt grows at 5% (vs. last 10 years 8% CAGR) & BTC price compounds at 25%.
December 21, 2024 at 10:05 AM
We did some math on this topic in this month's ChainCheck.
Assume the US Treasury starts buying 1M Bitcoin over 5 years at a starting price of $200k.
Assume US debt grows at 5% (vs. last 10 years 8% CAGR) & BTC price compounds at 25%.
Assume the US Treasury starts buying 1M Bitcoin over 5 years at a starting price of $200k.
Assume US debt grows at 5% (vs. last 10 years 8% CAGR) & BTC price compounds at 25%.
VanEck Mid-December Bitcoin ChainCheck
Still bullish
Link in reply⬇️
Still bullish
Link in reply⬇️
December 21, 2024 at 5:59 AM
VanEck Mid-December Bitcoin ChainCheck
Still bullish
Link in reply⬇️
Still bullish
Link in reply⬇️
December 21, 2024 at 5:57 AM
VanEck Subsidiary @MarketVector Just Accepted Bitcoin from a New Client as Payment for Services. First time!🥳
December 20, 2024 at 4:50 PM
VanEck Subsidiary @MarketVector Just Accepted Bitcoin from a New Client as Payment for Services. First time!🥳
I cannot wait to reveal this client. All in due time.
December 20, 2024 at 4:50 PM
I cannot wait to reveal this client. All in due time.
Buying Bitcoin right now, GM.
No bond issuance needed 🫡
No bond issuance needed 🫡
December 20, 2024 at 4:49 PM
Buying Bitcoin right now, GM.
No bond issuance needed 🫡
No bond issuance needed 🫡
"The most entertaining option is the most likely"?
@elonmusk
@elonmusk
December 19, 2024 at 7:28 PM
"The most entertaining option is the most likely"?
@elonmusk
@elonmusk
POV: You’re rooting for your biggest tenant to get arrested so you can evict him & raise the rent ☠️
December 19, 2024 at 7:27 PM
POV: You’re rooting for your biggest tenant to get arrested so you can evict him & raise the rent ☠️
#Bitcoin-exposed convertible bonds comprise 6% of the total convertible universe and have produced 20% of the YTD Returns: Barclays
December 17, 2024 at 2:24 PM
#Bitcoin-exposed convertible bonds comprise 6% of the total convertible universe and have produced 20% of the YTD Returns: Barclays
Flashback to Spring 2021 when "Long Bitcoin" was the "Most Crowded Trade" according to Respondents of BofA's Global Fund Manager Survey.
Currently, Long Mag 7 is considered the 'most crowded trade' (57%) followed by #2 long US dollar (15%), and #3 long Russell 2000 (6%).
Currently, Long Mag 7 is considered the 'most crowded trade' (57%) followed by #2 long US dollar (15%), and #3 long Russell 2000 (6%).
December 17, 2024 at 2:23 PM
Flashback to Spring 2021 when "Long Bitcoin" was the "Most Crowded Trade" according to Respondents of BofA's Global Fund Manager Survey.
Currently, Long Mag 7 is considered the 'most crowded trade' (57%) followed by #2 long US dollar (15%), and #3 long Russell 2000 (6%).
Currently, Long Mag 7 is considered the 'most crowded trade' (57%) followed by #2 long US dollar (15%), and #3 long Russell 2000 (6%).
VanEck CEO @JanvanEck3’s 2025 Outlook:
Fiscal Reckoning: If DOGE doesn't succeed, inflation risks loom.
Gold & Bitcoin: Inflation, fiscal uncertainty, & de-dollarization drive bull markets.
AI & Energy: Focus beyond tech—energy, infra, utilities.
India: Rapid growth = continued opportunity.
🧵
Fiscal Reckoning: If DOGE doesn't succeed, inflation risks loom.
Gold & Bitcoin: Inflation, fiscal uncertainty, & de-dollarization drive bull markets.
AI & Energy: Focus beyond tech—energy, infra, utilities.
India: Rapid growth = continued opportunity.
🧵
December 17, 2024 at 6:02 AM
VanEck CEO @JanvanEck3’s 2025 Outlook:
Fiscal Reckoning: If DOGE doesn't succeed, inflation risks loom.
Gold & Bitcoin: Inflation, fiscal uncertainty, & de-dollarization drive bull markets.
AI & Energy: Focus beyond tech—energy, infra, utilities.
India: Rapid growth = continued opportunity.
🧵
Fiscal Reckoning: If DOGE doesn't succeed, inflation risks loom.
Gold & Bitcoin: Inflation, fiscal uncertainty, & de-dollarization drive bull markets.
AI & Energy: Focus beyond tech—energy, infra, utilities.
India: Rapid growth = continued opportunity.
🧵
.@tokenterminal Reports Tron (TRX) Fees Surpass ETH to Take Number 1 Spot
However, are they counting correctly?
Tron gives users free TRX as a rebate called bandwidth— We believe Token Terminal adds the “free rebate” as revenue we don’t since it’s not necessarily what end Tron users are “spending"
However, are they counting correctly?
Tron gives users free TRX as a rebate called bandwidth— We believe Token Terminal adds the “free rebate” as revenue we don’t since it’s not necessarily what end Tron users are “spending"
December 16, 2024 at 5:16 PM
.@tokenterminal Reports Tron (TRX) Fees Surpass ETH to Take Number 1 Spot
However, are they counting correctly?
Tron gives users free TRX as a rebate called bandwidth— We believe Token Terminal adds the “free rebate” as revenue we don’t since it’s not necessarily what end Tron users are “spending"
However, are they counting correctly?
Tron gives users free TRX as a rebate called bandwidth— We believe Token Terminal adds the “free rebate” as revenue we don’t since it’s not necessarily what end Tron users are “spending"
This appears to be the calculation methodology that Token Terminal uses for Tron Fees or Revenue (same as TronScan).
Looks like they do factor in the free bandwidth given to users in the revenue calculation.
tronscan.org/#/data/charts/…
Looks like they do factor in the free bandwidth given to users in the revenue calculation.
tronscan.org/#/data/charts/…
December 16, 2024 at 5:15 PM
This appears to be the calculation methodology that Token Terminal uses for Tron Fees or Revenue (same as TronScan).
Looks like they do factor in the free bandwidth given to users in the revenue calculation.
tronscan.org/#/data/charts/…
Looks like they do factor in the free bandwidth given to users in the revenue calculation.
tronscan.org/#/data/charts/…
Bitcoin Miner Digihost (DGHI, mkt cap $60M) & NANO Nuclear (NNE, mkt cap $800M) Team Up for 60MW Small Modular Nuclear Power Plant in New York
December 16, 2024 at 4:48 PM
Bitcoin Miner Digihost (DGHI, mkt cap $60M) & NANO Nuclear (NNE, mkt cap $800M) Team Up for 60MW Small Modular Nuclear Power Plant in New York
American-Made Bitcoin: Another All-Time High
U.S.-listed miners added ~23 EH/s since the end of October (11% increase) vs a 6% increase in the broader network hashrate: JPM.
U.S.-listed miners added ~23 EH/s since the end of October (11% increase) vs a 6% increase in the broader network hashrate: JPM.
December 16, 2024 at 4:48 PM
American-Made Bitcoin: Another All-Time High
U.S.-listed miners added ~23 EH/s since the end of October (11% increase) vs a 6% increase in the broader network hashrate: JPM.
U.S.-listed miners added ~23 EH/s since the end of October (11% increase) vs a 6% increase in the broader network hashrate: JPM.
We highlighted this trend in last week's 2025 predictions; expect it will continue.
vaneck.com/us/en/blogs/di…
vaneck.com/us/en/blogs/di…
December 16, 2024 at 4:47 PM
We highlighted this trend in last week's 2025 predictions; expect it will continue.
vaneck.com/us/en/blogs/di…
vaneck.com/us/en/blogs/di…
Morgan Stanley Projects Repurposed #Bitcoin Mining Sites to Address Approximately 20% of the US Electricity Shortfall for Data Centers by 2028.
December 12, 2024 at 9:37 PM
Morgan Stanley Projects Repurposed #Bitcoin Mining Sites to Address Approximately 20% of the US Electricity Shortfall for Data Centers by 2028.
Or maybe they're reading our research
vaneck.com/us/en/blogs/di…
vaneck.com/us/en/blogs/di…
December 12, 2024 at 9:36 PM
Or maybe they're reading our research
vaneck.com/us/en/blogs/di…
vaneck.com/us/en/blogs/di…
VanEck Ventures Announces New Investment in Superform Labs.
Will Close Inaugural Fund 1 in February
@Wyatt_Lonergan @0xlaguna
🧵for investment thesis
Will Close Inaugural Fund 1 in February
@Wyatt_Lonergan @0xlaguna
🧵for investment thesis
December 12, 2024 at 9:34 PM
VanEck Ventures Announces New Investment in Superform Labs.
Will Close Inaugural Fund 1 in February
@Wyatt_Lonergan @0xlaguna
🧵for investment thesis
Will Close Inaugural Fund 1 in February
@Wyatt_Lonergan @0xlaguna
🧵for investment thesis
Exxon Plans to Sell Electricity to Data Centers 👀
"In another unusual setup, Exxon’s plant would not be connected to the electric grid"
"In another unusual setup, Exxon’s plant would not be connected to the electric grid"
December 12, 2024 at 5:28 AM
Exxon Plans to Sell Electricity to Data Centers 👀
"In another unusual setup, Exxon’s plant would not be connected to the electric grid"
"In another unusual setup, Exxon’s plant would not be connected to the electric grid"
Core CPI Bottomed at 3.2%.
Core PCE, the Fed's "Preferred" Measure, Also Didn't Reach 2%, and that Series Understates Housing Costs, Americans' Top Concern.
They Are Cutting Rates Anyway & Laughing at You, Pleb.
#Bitcoin May Protect Against the Government Devaluing Your $.
Core PCE, the Fed's "Preferred" Measure, Also Didn't Reach 2%, and that Series Understates Housing Costs, Americans' Top Concern.
They Are Cutting Rates Anyway & Laughing at You, Pleb.
#Bitcoin May Protect Against the Government Devaluing Your $.
December 12, 2024 at 5:27 AM
Core CPI Bottomed at 3.2%.
Core PCE, the Fed's "Preferred" Measure, Also Didn't Reach 2%, and that Series Understates Housing Costs, Americans' Top Concern.
They Are Cutting Rates Anyway & Laughing at You, Pleb.
#Bitcoin May Protect Against the Government Devaluing Your $.
Core PCE, the Fed's "Preferred" Measure, Also Didn't Reach 2%, and that Series Understates Housing Costs, Americans' Top Concern.
They Are Cutting Rates Anyway & Laughing at You, Pleb.
#Bitcoin May Protect Against the Government Devaluing Your $.