Crypto
Crypto Drawdown History: What Volatility Means
Bitcoin's documented peak-to-trough declines have run from 77 to 93 percent across four major cycles, a record any volatility assessment has to start from.
Crypto
Digital assets sized as a portfolio position: correlation history, volatility budget, custody exposure, and the honest case for holding none of it.
Crypto
What Self-Custody Means: Keys and Seed Phrases
Self-custody places the private keys, and full responsibility for them, with the holder, whose 12- or 24-word seed phrase becomes the only recovery instrument.
Crypto
Proof of Work: How Mining Secures Crypto Networks
Proof of work secures a blockchain by forcing miners to spend real energy and hardware for the right to add blocks, making ledger rewriting expensive by…
Crypto
How Crypto Correlates With Stocks and Bonds
Bitcoin's correlation with equities rose from near zero before 2020 to multiyear highs in 2020-2022, per IMF analysis, and the number has moved between eras…
Crypto
Bitcoin ETFs vs. Direct Holding: Key Differences
Spot bitcoin funds and direct coin ownership expose the same underlying asset through different wrappers, and the wrapper changes costs, custody, taxes, and…