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
Digital assets sized as a portfolio position: correlation history, volatility budget, custody exposure, and the honest case for holding none of it.
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…
Crypto
What Stablecoins Are and How They Hold Value
Stablecoins are crypto tokens designed to hold a fixed value against a reference asset, and their pegs rest on reserves, redemptions, and disclosure rather than…
Crypto
Crypto Custody: Cold Wallets vs. Hot Wallets
Crypto custody spans a spectrum from internet-connected hot wallets to offline cold storage, and the placement decides who controls the keys and who bears each…
Crypto
What Proof of Stake Means and How It Works
Proof of stake secures a blockchain by making validators lock coins as collateral, replacing mining machinery with capital at risk.