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James Bennett

Driving Greater Institutional Involvement in Crypto Markets

Driving Greater Institutional Involvement in Crypto Markets

Three Ways On-Chain Data Supports Adoption. I had the pleasure of speaking on a panel at DAS:London last week, discussing the role that prime brokerages play in increasing institutional involvement in Crypto-assets. The room was overflowing with 500+ representatives from financial institutions, asset managers and service providers all working

Bitcoin in 2019

Bitcoin in 2019

A Year in Ten Charts Bitcoin began the year with a decisive recovery from the 2018 bear market cycle. An investor that bought the bottom of the market in Jan’19 would have returned in excess of 200% by July. This short and sharp recovery brought us to a peak

BTC, BCH, or BSV: Which Is Better as a Peer to Peer Electronic Cash System?

BTC, BCH, or BSV: Which Is Better as a Peer to Peer Electronic Cash System?

This is the final part of a trilogy about visualising bitcoin’s economic output. I would suggest reading Part I and Part II to set the context. In this piece we compare the transaction value heat maps of BTC, BCH and BSV to bring more clarity to the question of

Highest Density of Bitcoin Payments Made by the Retail Sector

Highest Density of Bitcoin Payments Made by the Retail Sector

Visualising Bitcoin’s Economic Output Part II This is the second part in a trilogy about visualising bitcoin’s economic output. We recommend reading part I first to understand the context, which you can find here. In part two we analyse the transaction value heat maps in more detail to

Introducing the Transaction Value Heat Maps

Introducing the Transaction Value Heat Maps

Visualising Bitcoin’s Economic Output Part I This is the first part of a trilogy about visualising bitcoin’s economic output. In this article we give a brief overview of Bitcoin’s economy, introduce the transaction value heat maps and explain how you can interpret them. The Bitcoin Network was

Bitcoin Trading at 35% Premium to Fair Value

Bitcoin Trading at 35% Premium to Fair Value

Bitcoin currently trades at a 35% premium to its fair value, despite a short-term surge in on-chain transaction (TX) volume. Fair value is a measure of the price attributable to each bitcoin, relative to its utility as a global settlement network. We detailed the fair value in an earlier post,

Tracking Bitcoin’s Fair Value

Tracking Bitcoin’s Fair Value

At ByteTree we have derived a fair value for bitcoin based on its utility as a payment network. We compute the market value using on-chain data directly from the Bitcoin Network. Once we have a fair value, we can identify whether bitcoin is trading at a premium or discount versus