Byron Gilliam

Byron Gilliam

Byron Gilliam writes the Blockworks Daily newsletter, in which he tries to explain crypto markets to traditional investors and traditional markets to crypto investors (while trying to explain both to himself). Before joining Blockworks, Byron spent 25 years trading international equities for banks and brokers in Frankfurt, London, Paris and New York. He holds a bachelor's degree in History from Binghamton University. Contact Byron at [email protected].
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The bond vigilantes you heard about this week aren’t real

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Is crypto straying too far from things of value?

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Discounted cash flow is as close as you can get to a fundamental truth in the art of financial valuation

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What the history of global reserve currencies says about crypto’s future

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Cash enables law evasion at a small scale and crypto enables it on a large scale

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This week’s market action seems to suggest that even a 10x increase in tariff rates won’t derail the US economy

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Could crypto disintermediate DC lobbyists?

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Money, it turns out, is emergent, like consciousness

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Prediction markets show that people bet in anticipation of things happening far too often

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A recent Citi report predicted that stablecoin AUM could hit $3.7 trillion by 2030, largely because of institutional adoption

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Warren Buffett attributes his astounding investment returns to only about a dozen “truly good decisions” he’s made

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Could we stop using BTC to amplify our short-term risks — and start using it to hedge our long-term ones?

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Blockworks Research uses numbers to help crypto advance to a higher stage of storytelling

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Today’s blockchains are more like nervous systems without a brain — wiring without will

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Using Bitcoin as a model, Vitalik’s new priority for Ethereum is technical simplicity

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Bill Gates expects that within a decade, humans will no longer be needed “for most things”

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Or is it approximately the least cypherpunk thing we could do?

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Greater efficiency, William Jevons predicted, would lead to even greater consumption

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The crypto industry is still best known for manufacturing tokens, not value

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Have markets been obsessing over the wrong Minsky?