Every decade or so, a catalyst is provided for a major economic crisis. The nineties had the dotcom bubble, the noughties had the sub-prime mortgage crisis and the twenties will have cryptocurrencies. — Living on the banks of the mighty Mekong River that flows from the Tibetan Plateau across thousands of miles through Indochina and into the South China Sea, Tran Nguyen knows how high his home needs to be built above the banks.

Decades of decay look set to culminate in the probable devaluation of the Chinese yuan. Just as ordinary Chinese were quick to circumvent strict capital controls with cryptocurrencies, they may do so again to combat a rapidly devaluing yuan. — Since China’s accession into the World Trade Organization, there has been constant pressure on the Chinese currency, the renminbi, otherwise known as the yuan, to appreciate.

Russia’s invasion of Ukraine is proof that the world can’t have nice things and harkens back to a potential post-war settlement that could see cryptocurrencies take a more central role in the evolution of decentralized money. — The dollar may be the global reserve currency today, but not so long ago, in a galaxy not so far away, the U.S. was actively trying to promote and prop up another reserve currency, backed by another empire — the British pound.

Three Arrows Capital, Long Term Capital Management and George Soros all have something in common, making massive one-directional bets, but their outcomes were dramatically different. — History is written by survivors and as such, survivorship bias colors the lens by which we view and perceive things that have happened. In the summer of 1998, when most self-respecting hedge fund managers were playing with their yachts, the Nobel Prize-winning economists and renowned Wall Street traders at Long…

While the price of Bitcoin may be well off its all-time-high, macroeconomic shifts and a strengthening dollar may provide fertile ground for its long-term growth. — When people think about Bitcoin they typically measure its price in relation to the dollar. For instance, when someone says Bitcoin “crossed 20k” they usually don’t mean for that to be in euros or the Japanese yen And that’s because for better or worse, the dollar remains the world’s reference…