Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Crypto

<ul><li>I have mentioned this before, and I am happy to emphasize it once again: the supply of block space far exceeds demand.</li><li>There is simply not enough activity, use cases, or applications to fill the available block space across all smart contract-capable blockchains.</li><li>This imbalance is why I firmly believe that adoption and network activity are the most critical factors for any blockchain seeking to compete with Ethereum, Solana, or the few other networks that have gained significant traction.</li></ul>

I have mentioned this before, and I am happy to emphasize it once again: the supply of block space far exceeds demand.There is simply not enough activity, use cases, or applications to fill the available block space across all smart contract-capable blockchains.This imbalance is why I firmly believe that adoption and network activity are the most critical factors for any blockchain seeking to compete with Ethereum, Solana, or the few other networks that have gained significant traction.

Crypto Moves #57 – The Most Vital Onchain Metrics for Adoption

Equity Bottom-Up

<ul>
<li>Bitcoin has reached a new all-time high, surpassing $107,000 and steadily moving toward $110,000, as we predicted in Crypto Moves #55.</li>
<li>That note remains highly relevant.</li>
<li>Among the three most notable developments of the past week, MicroStrategy has been “QQQ’d.” Find out what that entails below, along with the other two standout pieces of news and the key charts shaping the market as we head into one of the last weeks of 2024.</li>
</ul>


Bitcoin has reached a new all-time high, surpassing $107,000 and steadily moving toward $110,000, as we predicted in Crypto Moves #55.
That note remains highly relevant.
Among the three most notable developments of the past week, MicroStrategy has been “QQQ’d.” Find out what that entails below, along with the other two standout pieces of news and the key charts shaping the market as we head into one of the last weeks of 2024.


<ul><li>It should come as no surprise that inflation dominated headlines throughout 2022 and 2023.</li><li>This was largely because central banks around the world, including the U.S. Federal Reserve (Fed) and the European Central Bank (ECB), had to respond to rising inflation by aggressively increasing interest rates.</li><li>The chart below highlights these interest rate changes.</li></ul>

It should come as no surprise that inflation dominated headlines throughout 2022 and 2023.This was largely because central banks around the world, including the U.S. Federal Reserve (Fed) and the European Central Bank (ECB), had to respond to rising inflation by aggressively increasing interest rates.The chart below highlights these interest rate changes.

Crypto Moves #56 – Suddenly We Are Once Again Discussing Inflation

Podcast with Crypto Gigabrains, The Delphi Podcast

The Delphi Podcast

Podcast with Crypto Gigabrains

Conversations with Crypto Gigabrains. Hosted by Tommy, Co-Founder and Founding Partner at Delphi Ventures

<ul><li>Discussion on the performance and outlook of various assets, including Solana, Ethereum, and Bitcoin</li><li>Analysis of market trends and potential factors that could drive asset valuations in the future</li><li>Debate on the future dominance and valuation of different L1 networks such as Solana and Ethereum</li><li>Speculation on the potential for an L1 network to surpass the market cap of Bitcoin and gold</li><li>Mention of upcoming report release and the importance of becoming a subscriber for detailed insights</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Discussion on the performance and outlook of various assets, including Solana, Ethereum, and BitcoinAnalysis of market trends and potential factors that could drive asset valuations in the futureDebate on the future dominance and valuation of different L1 networks such as Solana and EthereumSpeculation on the potential for an L1 network to surpass the market cap of Bitcoin and goldMention of upcoming report release and the importance of becoming a subscriber for detailed insightsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>Just two days ago, Bitcoin surged past the $100,000 milestone for the first time, reaching a peak of $104,000.</li><li>This achievement is highly significant, not only because it represents a critical psychological threshold but also due to the immense media attention such milestones attract.</li><li>Historically, this kind of coverage has often spurred increased interest from retail investors, who may be prompted to purchase Bitcoin as a result.</li></ul>

Just two days ago, Bitcoin surged past the $100,000 milestone for the first time, reaching a peak of $104,000.This achievement is highly significant, not only because it represents a critical psychological threshold but also due to the immense media attention such milestones attract.Historically, this kind of coverage has often spurred increased interest from retail investors, who may be prompted to purchase Bitcoin as a result.

Crypto Moves #55 – The Charts That Determine Whether We End 2024 Above $100,000

United States

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

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Crypto Moves #57 – The Most Vital Onchain Metrics for Adoption

I have mentioned this before, and I am happy to emphasize it once again: the supply of block space far exceeds demand. There is simply not enough...

Steno Research

Crypto Crisp: QQQ’d MicroStrategy

Bitcoin has reached a new all-time high, surpassing $107,000 and steadily moving toward $110,000, as we predicted in Crypto Moves #55. That note...

Steno Research

Crypto Moves #56 – Suddenly We Are Once Again Discussing Inflation

It should come as no surprise that inflation dominated headlines throughout 2022 and 2023. This was largely because central banks around the...

Steno Research

Delphi's Markets Year Ahead 2025

Overall, the discussion centered around the performance and outlook of Delta and other assets, global liquidity trends, a bullish outlook on risk...

The Delphi Podcast

Crypto Moves #55 – The Charts That Determine Whether We End 2024 Above $100,000

Just two days ago, Bitcoin surged past the $100,000 milestone for the first time, reaching a peak of $104,000. This achievement is highly...

Steno Research

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