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Hugh Hendry Eclectica

21 May, 11 tweets, 2 min read

Confessions Part XX Is Bitcoin going to a Million Dollars?

Hedge fund manager, Hugh Hendry, invites his former colleague, Tom Roderick, the manager of the Trium Macro Hedge Fund, to review this week's crash in cryptocurrencies.

They draw parallels with the tech bubble of the late 90s and the pyramid of leverage that lay behind the housing bubble in late 2006.

They discuss bitcoin's coming of age. With values soaring past one trillion dollars, crypto is no longer a cheap out-of-the money call option on currency debasement.

Downside volatility is gonna feature as prominently as that to the upside. Strap-in, the journey’s going to get more bumpy.

Finally, they venture that real world applications for the currency could take bitcoin beyond its peak price. But they admit not being sure what this promised land is...

Hugh chronicles his fight with his old boss, Crispin Odey, that saw them go long and short the same stock in their different funds - genius or crazy?

...and the show concludes by examining the social mood of ESG, why it is likely to create a further and huge up leg in commodity prices and why gold prices feel like bitcoin at 10,000

05 10 Fighting The Boss - BskyB
10 10 Tom Roderick Bitcoin Review
13 00 Forced Stop Outs
14 00 Decentralized Leverage Hubs
16 50 Accredited Fiat On ramps to Crypto
17 50 Bitcoin pyramid Leverage like US Housing Bubble
19 30 R-E-F-L-E-X-I-V-T-Y

21 50 Bitcoin's Conceit was it’s Upside Volatility
22 25 The best bit...
26 50 Is Bitcoin Nasdaq 1999?
33 25 Bitcoin's Going to a Million!

43 15 FT is Wrong! With uranium it's better to glow than be sober
47 00 Consequences of ESG on Mining and Prices
55 30 Like snow drops in a Desert
56 00 Gold stocks like Bitcoin at 10,000

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More from @hendry_hugh

Hugh Hendry Eclectica

@hendry_hugh

14 May

I'm incognito hiding my appearance for this week's podcast because I'm taking on the wrath of the BTC community. Love to all - now give us a good spanking so we can reload positions in the 30,000s. I'm really stoked on the opportunities to make money right now.

So many stocks are screaming EPIC BULL MARKET. Gold has endured a super correction. Time to reload. I'll discuss / review next time.Silver, uranium, big miners like Billiton and Rio look v sexy. This is the final explosive Third Act for the commodity complex. You need OTM calls.

But China? It's not rallying...maybe I'm being super cautious and the charts are still hanging on (just!) and they've come back +20%. But those Princes of the Yuan might they just dare to remove the credit lube?

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Hugh Hendry Eclectica

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30 Apr

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Hugh Hendry Eclectica

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28 Apr

My head’s still a tumble. Forgotta tell you about my Podcast last week, DickCoin

If I recall right, i discussed stepping away from Odey in November 2004; a month in Mustique. Dilemma, who’d you rather hang with: Jagger or Bryan Adams? It was hell...

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16 Apr

Dickcoin Anyone? Another Confessions Podcast is ready to launch. This week I get really angry with the FT again and its guest columnists - the grey column...

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9 Apr

I'm super stoked about this episode. Give Chris and I an hour or so to get it on the channels

Confessions Part XIV (March 2004) - Doom Loop

The narrative continues as we jump from uranium into the oil market, and we get filthy, maybe even dirty...

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Hugh Hendry Eclectica

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2 Apr

Deep dive into the uranium sector and the Archegos scandal and how I was almost tossed out of a plane by Robert Mugabe’s money men during a trip to Africa.

Hedge Fund pirate Hugh Hendry and writer and co-host, Chris Sweeney, chronicle the inner workings of a macro hedge fund

They use Hugh's monthly client letters as a hedge fund boot camp to reveal what he was thinking and why he made the decisions he did, in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals his latest macro insights.

This week they discuss why genius is buying anything!! at the bottom of a bear market. Having shorted chip stocks in 2004, Hugh explains why the electricity of everything means chips with everything. What killed the previous uranium bull market and why the charts are so orgasmic

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