1/ Coming from equities, amazed by how much data gets packed into weekly CFTC COT reports. Some interesting items from CME/CBOE bitcoin futures data in 2Q19:
2/ Estimated notional value of CFTC regulated bitcoin futures (combined CME and CBOE historical values) has surged more than 270% since 1Q19, vs +150% increase in the price of bitcoin (jun 25th)
Jun 19, 2019 • 29 tweets • 7 min read
Wrote some initial thoughts on what $FB Calibra wallet can bring to the payments landscape. TLDR; Facebook has positioned Calibra to benefit off a new design landscape for developers and businesses to come in and build value added fintech services on top-of Libra. A thread:
1/ We've seen this playbook before from Facebook via their Credits product, which launched its alpha almost a decade ago to the date. Media ate it up, buying into Facebook's projections that the virtual currency business system could one day be a "multi-billion dollar business"