Derman Capital Newsletter

Derman Capital
Financial Markets & Macro
Created 03 Jul 2021
  • All Things Crypto
    26 Sep 2021 • 7 min read
    Note: This post is too long to be all on email, so it is best to open it in your browser Share Subscribe now Today, I want to cover all things crypto that I am seeing in the market. These are broken d...
  • Why Bitcoin's 4 Year Cycle Will Continue To Rhythm
    15 Sep 2021 • 2 min read • 2 0
    Subscribe now TLDR: Many in crypto are aware of the 4 yr cycles with BTC yet expect it to NOT hold because of the strong understanding around it in crypto. This ignores the rapid adoption of crypto an...
  • Have Bitcoin & Crypto Become a Macro Asset?
    01 Sep 2021 • 1 min read • 1 0
    Subscribe now By Macro, I mean is it being impacted by the global macroeconomics and other macro factors like interest rates and central banking policy. Note this is a developing theory and I am all e...
  • Software Eats The World. Crypto Eats Society & Culture
    31 Aug 2021 • 2 min read
    Subscribe now Marc Andreesen famously published the article “Why Software Is Eating the World” (link). That it did. The internet was growing at 63% annually. Today, we have a technology, cryptocurrenc...
  • Bitcoin Is The Tip Of The Iceberg
    27 Aug 2021 • 2 min read
    Subscribe now I feel everyone comes into cryptocurrency assuming its all about displacing Visa or Mastercard. Yet this could not be further from the truth. Cryptocurrency is not about money, unlike wh...
  • Crypto is About Recreating Cities
    25 Aug 2021 • 3 min read
    Today, I’ll be discussing something slightly different than just markets. It is something I have been thinking a lot about. What is crypto and how will it impact the society of tomorrow? Subscribe now...
  • The Bubble of All Bubbles Has Not Seen Anything Yet
    23 Aug 2021 • 2 min read
    Subscribe now To set the stage that we are in a bubble of ridiculous proportion, look no further than the commonly shown Buffet indicator. This chart reminds me of what Jeremy Grantham said in a recen...
  • Bitcoin & Risk On/Off Macro Dynamics
    11 Aug 2021 • 4 min read
    Subscribe now Bitcoin and the entire crypto market is a very speculative asset class. And under this feature, Bitcoin has shown to historically crash and top before other assets classes. It is almost ...
  • The Federal Deficits & New Stimulus Package Impacts
    27 Jul 2021 • 4 min read • 1 0
    Subscribe now Currently, the U.S. Federal financial situation is not what one would call pristine. Today the Government debt is ~130% of GDP. And the deficit for 2021 is projected to be 13.4% of GDP (...
  • Another Leg in the Bitcoin & Reflation Trade?
    20 Jul 2021 • 4 min read • 1 0
    Over the past several weeks we have seen a lot in the market develop. We have seen the entire market sentiment shift from an inflation narrative to fears of growth slowdown and potential lockdowns fro...
  • View More on Substack »