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

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

<ul><li>In the second edition of Crypto Moves, published almost exactly a year ago, I shared this conviction:“Perhaps the only thing you want to know is: Do we expect the Bitcoin halving to cause a new run?”“The short answer is yes.</li><li>In this edition of Crypto Moves, we assess Bitcoin’s current position in its historical 4-year cycle. The 4-year cycle is fundamentally tied to Bitcoin’s halvings, which occurs roughly every four years and halves the mining block reward. </li><li>This process has now taken place four times, reducing the reward from 50 bitcoins per block to just 3.125 bitcoins per block.</li></ul>

In the second edition of Crypto Moves, published almost exactly a year ago, I shared this conviction:“Perhaps the only thing you want to know is: Do we expect the Bitcoin halving to cause a new run?”“The short answer is yes.In this edition of Crypto Moves, we assess Bitcoin’s current position in its historical 4-year cycle. The 4-year cycle is fundamentally tied to Bitcoin’s halvings, which occurs roughly every four years and halves the mining block reward. This process has now taken place four times, reducing the reward from 50 bitcoins per block to just 3.125 bitcoins per block.

Crypto Moves #53 – Are Markets Stupid? The 4-Year Bitcoin Cycle Strikes Again

Equity Bottom-Up

Microstrategy Inc Cl A / Equity Bottom-Up

MicroStrategy Incorporated provides business intelligence software and related services.  The Company's technology platform enables departments and enterprises to deploy Web-based reporting and analysis solutions.  MicroStrategy also offers consulting, training, and support services.  Solutions are provided to retail, finance, telecommunications, insurance, dot-com, and healthcare industries.

<ul>
<li>It has been a relatively quiet week.</li>
<li>Bitcoin has outperformed much of the market, resulting in an increase in its dominance, as highlighted in Thursday’s Crypto Moves #52.</li>
<li>This was most likely driven by the intense buying pressure from MicroStrategy over the past week.</li>
</ul>


It has been a relatively quiet week.
Bitcoin has outperformed much of the market, resulting in an increase in its dominance, as highlighted in Thursday’s Crypto Moves #52.
This was most likely driven by the intense buying pressure from MicroStrategy over the past week.


Crypto Crisp: MicroStrategy Continues Its Buying Spree

<ul><li>In Crypto Moves #18 from early March this year, we referred to this crypto bull market as the least speculative in the history of the crypto market.</li><li>By Crypto Moves #35 in early July, we reaffirmed this view.</li><li>Meanwhile, during this period, Bitcoin had outpaced almost every other altcoin.</li></ul>

In Crypto Moves #18 from early March this year, we referred to this crypto bull market as the least speculative in the history of the crypto market.By Crypto Moves #35 in early July, we reaffirmed this view.Meanwhile, during this period, Bitcoin had outpaced almost every other altcoin.

Crypto Moves #52 – Are You Ready for Altcoin Season?

<ul><li>Last week was indeed eventful, due to the fact that Donald Trump was reelected as President of the United States.</li><li>Wednesday—when Trump’s victory was confirmed—stands among the top three most significant days in the history of digital assets.</li><li>It is simply beyond dispute.</li></ul>

Last week was indeed eventful, due to the fact that Donald Trump was reelected as President of the United States.Wednesday—when Trump’s victory was confirmed—stands among the top three most significant days in the history of digital assets.It is simply beyond dispute.

Crypto Crisp: That’s Quite an Eventful Week

<ul><li>This Tuesday, the U.S. electorate reelected Donald Trump as the 47th President of the United States. </li><li>We—and surely the market as a whole—have consistently noted that Trump’s return to the White House will have an extremely strong positive effect on the crypto market.</li><li>We see two imminent key outcomes emerging from Trump’s upcoming administration.</li></ul>

This Tuesday, the U.S. electorate reelected Donald Trump as the 47th President of the United States. We—and surely the market as a whole—have consistently noted that Trump’s return to the White House will have an extremely strong positive effect on the crypto market.We see two imminent key outcomes emerging from Trump’s upcoming administration.

Crypto Moves #51 – Trump’s Win: A Game Changer for Crypto

Mads is Senior Cryptocurrency Analyst at Steno Research. With about eight years of experience in the cryptocurrency market, many of those years spent in a professional capacity, Mads has gained extensive insight into the crypto market, covering both trading and technical facets. He previously founded one of the largest Danish crypto-brokers, which was later acquired. Afterward, he worked as a trader at Bitcoin Suisse and, most recently, served as a Cryptocurrency Analyst at Saxo Bank.

Mads Eberhardt
Senior Cryptocurrency Analyst
• Steno Research

Crypto Moves #53 – Are Markets Stupid? The 4-Year Bitcoin Cycle Strikes Again

Exclusively for clients: Join our crypto community chat on Telegram. To join, please fill out this form. In the second edition of Crypto Moves,...

Steno Research

Crypto Crisp: MicroStrategy Continues Its Buying Spree

It has been a relatively quiet week. Bitcoin has outperformed much of the market, resulting in an increase in its dominance, as highlighted in...

Steno Research

Crypto Moves #52 – Are You Ready for Altcoin Season?

In Crypto Moves #18 from early March this year, we referred to this crypto bull market as the least speculative in the history of the crypto...

Steno Research

Crypto Crisp: That’s Quite an Eventful Week

Last week was indeed eventful, due to the fact that Donald Trump was reelected as President of the United States. Wednesday—when Trump’s victory...

Steno Research

Crypto Moves #51 – Trump’s Win: A Game Changer for Crypto

This Tuesday, the U.S. electorate reelected Donald Trump as the 47th President of the United States. We—and surely the market as a whole—have...

Steno Research