The Pomp Letter

To investors, I am often asked about my opinion on bitcoin and the crypto industry. While it is easy to articulate the answers to specific questions, I’ve recently found it difficult to express my macro view of the industry. That all changed on Friday when I read this tweet by Brandon Quittem . Brandon explained my view of the industry better than I could. After reading the tweet, here is how I wo...

To investors, Western Union is one of those businesses that the average American has heard of, but doesn’t pay attention to on a daily basis. The approximately $9 billion market cap company is essential for the people of more than 200 countries and territories that rely on their transfer rails to send money back and forth to family and loved ones. One of the countries that no longer has access to...

To investors, There was a fairly interesting series of events yesterday that went largely unnoticed by people who aren’t deep in the weeds of the bitcoin and crypto industry. A research partner at Paradigm, Sam Sun (known as Samczsun), discovered a potentially critical security flaw in the code of SushiSwap's MISO platform. The details of this white hat rescue are fairly technical in nature, so I...

To investors, Yesterday was the 50th anniversary of President Nixon taking the US dollar off the gold standard. While you may be familiar with the basics, there is quite a bit to unpack from that historic moment. First, let’s take a look at what Nixon’s exact comments were when he decided to execute this idea. You can read more of the speech here: The language used here was important. There was re...

To investors, Coinbase reported their earnings yesterday and beat Wall Street’s expectations on almost every metric. Here is a quick breakdown: * Revenue - expected was $1.85 billion, but actual was $2.23 billion * Adjusted EBITDA - expected was $961.5 million, but actual was $1.15 billion * Verified users - expected was 63.1 million, but actual was 68 million It shouldn’t be a surprise that Wall...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 190,000 other investors today. To investors, The world of politics has been focused on the infrastructure bill as it has been debated over the last few weeks. The most surprising thing to the incumbent political class has been how quickly...

To investors, Will Clemente breaks down this week’s bitcoin situation using on-chain metrics to separate the signal from the noise. You can follow  Will on Twitter  or  sign up for his email by clicking here . Here is Will’s analysis: Hope all is well, and you had an awesome week. Bitcoin showing some strength, but now we watch for the follow through over the next week. We’ll look at key levels to...

To investors, The infrastructure bill that is currently making its way through the government has a lot of crazy things in it. This isn’t exclusive to this specific piece of legislation. The document is over 2,500 pages in length, which means that it is impossible that any politician has personally read the entire thing. Earlier this week, I sat down and tried to read some of the document. It was...

To investors, Will Clemente breaks down this week’s bitcoin situation using on-chain metrics to separate the signal from the noise. You can follow  Will on Twitter  or  sign up for his email by clicking here . Here is Will’s analysis: Hope all is well. After weeks of following the strong divergence between on-chain investor behavior and price, it looks like we are finally starting to see that tran...

To investors, Will Clemente breaks down this week’s bitcoin situation using on-chain metrics to separate the signal from the noise. You can follow  Will on Twitter  or  sign up for his email by clicking here . Here is Will’s analysis: Hope all is well, and you’ve had a great week. After a sweep below range lows, it looks like price action is starting to reflect some of the trends we’ve been follow...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 185,000 other investors today. To investors, The highly anticipated virtual bitcoin conference was held yesterday. The opening conversation was between Jack Dorsey, Cathie Wood, and Elon Musk. The moderator was Steve Lee, who did a fantast...

To investors, I have been doing a deep dive on the stablecoin market, which is quickly becoming an important of the crypto industry. Adoption is occurring across various market participants — from individuals to corporations to financial institutions. The technology is drastically more superior than anything else out there, so it feels inevitable that people will begin to leverage stablecoins for...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 185,000 other investors today. To investors, The lack of financial education should be a national emergency in the United States. Only about 50% of states require high schools to teach students personal finance and there are many statistic...

To investors, Will Clemente breaks down this week’s bitcoin situation using on-chain metrics to separate the signal from the noise. You can follow  Will on Twitter  or  sign up for his email by clicking here . Here is Will’s analysis: Hope all is well and you had a great week. Another week of ranging, although on-chain is showing some interesting developments. Let’s dive in. Here are the key takea...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 185,000 other investors today. To investors, Something very unique is happening in the public markets. The S&P 500 has hit a new all-time high every day for the last 7 days. The Nasdaq also sits at an all-time high as well. Look at this ch...

To investors, Will Clemente breaks down this week’s bitcoin situation using on-chain metrics to separate the signal from the noise. You can follow  Will on Twitter  or  sign up for his email by clicking here . Here is Will’s analysis: Hope all is well and you had a great week. It’s been yet another week of ranging for Bitcoin, with price trading in this current $30K-$40K range for over 6 weeks now...

To investors, Will Clemente breaks down this week’s bitcoin situation using on-chain metrics to separate the signal from the noise. You can follow  Will on Twitter  or  sign up for his email by clicking here . Here is Will’s analysis: Hope all is well, and you had a great week. This was an interesting week in terms of price, with BTC dipping below 30K, retracing all the gains from 2021. Since then...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 185,000 other investors today. To investors, Majority of geopolitical mistakes in history have been related to violent combat. They either occur in the high tension period leading up to the conflict or they occur during the actual conflict...

To investors, Will Clemente breaks down this week’s bitcoin situation using on-chain metrics to separate the signal from the noise. You can follow  Will on Twitter  or  sign up for his email by clicking here . Here is Will’s analysis: Hope all is well and you had a great week. Last week we discussed how Bitcoin was moving into the later stages of the re-accumulation phase that we have been trackin...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 185,000 other investors today. To investors, The global pandemic caused incredible uncertainty and chaos in financial markets last March. Every day felt like a month. Each asset class seemed to bleed more and more every time the market ope...

To investors, Will Clemente breaks down this week’s bitcoin situation using on-chain metrics to separate the signal from the noise. You can follow  Will on Twitter  or  sign up for his email by clicking here . Here is Will’s analysis: Hope all is well and you had a great week. It’s been another week of ranging for Bitcoin with some interesting price action in the later portion of the week, retesti...

To investors, Will Clemente breaks down the volatility from this week using on-chain metrics to separate the signal from the noise. You can follow  Will on Twitter  or  sign up for his email by clicking here . Here is Will’s analysis: Key takeaways for this week: * BTC is still rangebound between 32K-40K * Exchange flows have plateaued, no real directional trend * Stablecoins are waiting on the si...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 180,000 other investors today. To investors, Will Clemente breaks down the volatility from this week using on-chain metrics to separate the signal from the noise. You can follow  Will on Twitter  or  sign up for his email by clicking here...

To investors, The conversation around the energy consumption of the bitcoin network continues to be front and center in the mainstream media. Last night I saw a tweet from Andrew Ross Sorkin of the NY Times and CNBC that reminded me how nuanced the details can be. It all started with a screenshot of this chart from Galaxy Digital’s research team: Andrew immediately jumped on the chart and said tha...

This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 175,000 other investors today. To investors, Elon Musk couldn’t contain himself over the weekend. He doubled and tripled down on his chaos-inducing perspective from last week. The story is getting rather complex, but simplistically here is...