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Dear Readers,
If you're ready to understand how to use global macro in order to make the best investment decisions, this is the perfect guide.
A five-year-old firmware bug rattled a core pillar of bitcoin, and price barely blinked
Nik & Johan are hosting another live TBL Pulse walkthrough this coming Tuesday (June 2nd at 2:00 PM EST).
Dear Saifedean,
Over the last few months, we’ve been building a framework to assess which state bitcoin is currently in. As many readers know by now, we assess this through two lenses: valuation and trend.
Semantics matter. Using the right words to express an idea or a thought or, in this case, explaining behavior, is vital. I’ve come to the realisation that I’ve not been using the best word possibl…
Bitcoin has been in a downtrend since October 10, 2025. This downtrend moved the price of bitcoin from the Bullish zone into the Bearish zone. The big question is whether this downtrend continues, or …
Dear readers,