Bitcoin is the Only Asset With “Sharpe Ratio” More Than 1: PlanB

Bitcoin Twitter commentator PlanB has claimed that BTC is the only asset that has a Sharpe ratio of greater than 1. The Sharpe ratio describes the increased rate of return received for the extra volatility sustained when holding a riskier type of asset. Risk vs. Reward To understand the Sharpe ratio, one must take into consideration the returns of holding a risk-free asset, compared to holding a riskier asset with higher returns. In this case, a risk-free asset is considered something like a US treasury T-Bill, which is backed by…

Can Bitcoin Price Hit $424,000 Sometime in Late 2021?

YouTube bitcoin and crypto price analyst Benjamin Cowen yesterday released a new video examining the BTC 20-week moving average (20MA) as a macro-level market indicator. What does it say?  Bitcoin Price: Support or Resistance Based on historical data, when the 20MA is acting as support for BTC price, Bitcoin has tended to be in an extended bull market. Conversely, the times that 20MA has acted as resistance against the upward movement in Bitcoin price, have been during bear markets. In the last market cycle, the Bitcoin price broke above the…

Bitcoin is the Most Popular Crypto Asset Amongst Investors

The Bitcoin and crypto market cap figures that we get from CoinMarketCap, whilst being infinitely more reliable than its data on daily volumes, just tell us how much of each particular cryptocurrency is out there. But with vast swathes of these tokens being held by early adopters, whales, exchange wallets, or just forever lost, it doesn’t answer the question. Just which cryptocurrencies are investors actually holding in their portfolios? Market Cap vs Dominance and Popularity Fortunately, the team behind the Shrimpy Portfolio Management app has dug into their extensive sample…

Bitcoin’s Github Community Now Boasts of 3000+ Members

According to recent data by GitGitRun.com, Bitcoin’s Github community has now has more than 2800 members, with some speculating that the real member count has gone past 3,000. Bitcoin Github Community on the rise Github is quite well-known for being an online developer hub, where experts and amateurs alike can join forces, host and review codes, manage projects, build software together, and more. This is a place where any code can be taken apart, thoroughly investigated and studied, and then improved, if there is a need for an unofficial intervention.…

Doomsday Clock Nears Midnight, Time to Buy Bitcoin?

The Doomsday Clock is now closer than its ever been in its 73 year history to spelling out the total destruction of mankind. Surely it must be Bitcoin o’clock now?  The world’s experts sound the alarm Amid the rumors that Bitcoin and other Proof of Work (PoW) cryptocurrencies are unsustainable drains on the environment which consume too many resources, The Bulletin of Atomic Scientists has updated the famed Doomsday Clock to 100 seconds closer to midnight. The Panel of Nobel Laureates cited climate change and the risk of nuclear war…