| Dear Reader, We’re always working hard here at Fat Tail Investment Research. In 2023, however, we’ve really had to earn our keep. There are so many competing dramas in the markets. And in geopolitics. Our job is to work out what most impacts YOU going forward. Is it further downside in stocks? Will inflation be the determining factor again in 2024? And what about the comeback in crypto? Bitcoin [BTC] has acted like the only safe-haven asset this year. This is why traditional finance has done a 180 on it in recent months. And why the first crypto ETF…and the bitcoin halving event in April…are very big deals. But most normal punters don’t understand this. One of our research divisions is making a big bet. It’s that bitcoin — and decentralisation — is going to move back into central focus in the coming year. Not despite all the other things going on in the financial and geopolitical worlds…but BECAUSE of them. A digression… The famous Austrian-British economist and philosopher Professor Friedrich Hayek gave a talk in 1974. He succinctly laid out…nearly 50 years ago…the problem with centralised control over money and, amazingly, even the solution of cryptocurrencies — he called it the ‘denationalisation’ of money. ‘I don’t believe we should ever have good money again, before we take the thing out of the hands of government. ‘If we can’t take them violently out of the hands of government, all we can do is by some sly or roundabout way, introduce something they can’t stop.’ Enter bitcoin. Yes, it seems counterintuitive to focus on this topic when there are so many other things going on in the financial and geopolitical worlds. And when everyone else is looking the other way. But those are actually the very times when fortunes are made. And futures are decided. I urge you to take some time today to watch this brand-new deep dive into the topic. You will not regret it. Cheers, James Woodburn,
Publisher, Fat Tail Investment Research | 