The Dossier · Free with the daily letter
Investing in Crypto
Institutional adoption arrived in 2024 and 2025; bitcoin still fell 53% between October 2025 and July 2026.
24 sections · Sent by email
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Inside
- 01Four great drawdowns, and the fifth
- 02Custody and counterparty
- 03Tax: property since 2014
- 04Worked example: $25,000, four years
- 05The IA view
24 sections, every figure sourced and dated
Free to read on Crypto
News·
XRP climbs to $1.55, up 6.16% on the day and 16.54% in a week
XRP traded at $1.55, up 6.16% on the day, 16.54% in a week, and 40.25% over 30 days, per CoinGecko data tracked by our index.
5 min read
News·
XRP drops to $1.46, off 8.75% on the day after 46% monthly rally
XRP fell to $1.46, down 8.75% on the day, pulling back sharply after a 45.83% surge over the past month. The coin is still up 13.18% in a week, leaving…
5 min read
News·
XRP rises to $1.60, up 3.9% on the day and 24% in a week
XRP traded at $1.60 on Wednesday, up 3.9% on the day and 24.03% in a week. The 30-day gain stands at 59.61%. Analysts attribute the move to a combination…
5 min read
News·
Solana rises to $115.89, up 7.02% on the day
SOL climbed to $115.89, up 7.02% on the day and 12.25% in a week, extending a 53.95% gain over the past month. The move keeps Solana among the higher-beta…
5 min read
News·
Solana climbs to $106.38, up 6.57% on the day
SOL rose to $106.38 (+6.57% 1D, +3.75% 7D, +40.79% 30D). The move registers a 2.18 z-score vs the trailing 90 days, consistent with a momentum-led risk-on…
5 min read
News·
XRP holds $1.29, down 11% on the week and up 26% on the month
XRP was flat at $1.29 on September 17, down 11% over seven days but still up 26% over thirty. Whether the monthly surge consolidates or breaks is the open question.
4 min read
News·
XRP slides 6.5% to $1.29 as the 30-day rally cools
XRP fell 6.5% to $1.29 on September 16, extending a 5% weekly loss even as the 30-day gain held near 28%. The size of the move points to profit-taking after a sharp run.
5 min read
Investing in Crypto Through ETFs and Treasury Companies
Seven wrappers, one coin: since November 2024 bitcoin lost 20% and Strategy’s stock lost 75%.
37 min read
Investing in Bitcoin
A fixed-supply asset that has fallen 50% or more five times, the fifth with the ETFs in place.
40 min read
Investing in Ethereum
Ether pays a staking yield of about 2.6% and has lost to bitcoin every calendar year since 2022.
39 min read
Investing in Solana and Altcoins
Of the 99 largest coins below bitcoin at the 2021 peak, five were worth more by May 2026.
41 min read
Investing in Stablecoins and On-Chain Yield
Fully reserved coins have kept their dollar; yields above the bill rate are where holders have lost money.
40 min read