Thank you for the report. Would it be possible to increase the resolution of the graphs in the report as the details are difficult to read? Thank you very much.

Thank you ... nice update.

Just an administrative note - on all the PDFs. when you download them, they aren't titled. They just download as "pdf.pdf". It's really annoying as I save them to read later. Would be helpful to have more professional titling.

The text in the charts cannot be read due to low resolution. Does anyone else experience the same problem?

Great Read. Let’s hope a lack of liquidity crisis doesn’t delay Crypto Mania too long.

A copy of this was leaked on the RVcrypto discord channel a few days early. I presume that was the original copy cause it as non-fuzzy graphics.

Nicely written but not very helpful as its all macro economics and nothing crypto specific in there. The Macro story we know from Raoul already. Also, every time crypto goes down, Fed cant be the escape goat. Indirectly your are saying Fed controls the destiny of bitcoin.

Not very impressed guys. BTC will fall to c.$35k because that means its c.75-100% back to ATHs...hardly analysis

The 'Canary in the Coal Mine Section' I found very interesting because throughout 2020 and 2021 I somewhat shared a similar sentiment/feeling. Bitcoin is noticeably sensitive to global conditions whether it's mining bans, macro world, liquidations etc. and this sensitivity generally results in a very immediate reaction. The price action is almost like a gauge or a representation of something that is going on in the immediate and then attached with a curated narrative later down the track. And as it is a free market monetary instrument, it can't really be subjected to manipulation in the data? Bitcoin may be an effective barometer of something in the future.

Can you guys put more HD graphs in the report, those are really blurry!? Currently its really hard to discern anything, not even the graph legends! and bigger as well.

No on chain analysis.

Very well written , but from your organization I would expect also some on chain analysis .

I find it really helpful :) Thx for the report.

I echo some of the same critiques in the comments already: _Charts could use some love _On chain analytics would be very helpful Additionally, while I am a US oriented investor, it would be helpful to have an idea of what other countries monetary and FISCAL policies are as well. Monetary conditions obviously are very correlated to performance, but do monetary factors start to lose explanatory power when fiscal policies become so extreme? We've never seen transfer payments like we have in the past 2 years and their withdrawal could be equally as devastating. Also, its very difficult to provide bearish content with an asset class that has so much potential, but it would be nice to have a devil's advocate. Every report I've read has a 'now isn't a bad time to buy' tilt to it.

Not sure what they could add vs Glassnode's weekly briefings re onchain (https://www.youtube.com/watch?v=ZM9VedVu6vs) but I assume Delphi have a Glassnode subscription and in that case there should be more interesting data available and their take on that additional info would be excellent !

The reality is the crypto finally merged with macro and is just another risk assets. Before it was truly consider and alternative asset with 10X or more its potential value vs other assets. Today, reading all the analysis from different sources is not that different than just another risk assets at the end of the curve. Is it the life raft? We'll see. Time will tell.

Is this content available with the Pro Crypto membership?

Please include high resolution charts in the PDF, in the current state they are frankly unreadable.

Agree with the majority of this view from a macro standpoint. Equally important, in my opinion, is the adoption curve, active wallets, OI and other on-chain analytics. There is much more going on than just rate tightening and deflationary forces due to diminishing liquidity. I am fully aware of your comment that this was put together quickly as a flash update so I don't mean this as a critique but more of a suggestion of content that I would be interested in seeing. Thanks!

Why am I not able to access this, I am a Pro Crypto member.

Even I can't access?

I cannot access either

Hi when will I get discord and other email info for the RV Crypto Pro sub? My friends have received these ages ago but I havn't....

Why is my access blocked to this? I was able to read it a minute ago. Now i'm blocked from this and all other reports despite have Crypto Pro subscription.

The main problem I have with this report is that the analysis solely based on US Fed balance sheet and policies. You have to realized that BTC is a global digital asset that affects global citizens. Yes, US does lead the monetary policy and other nations typically follow, but it is not certain. each nation has its own issues and respective citizens has their own reasons for owning BTC. There are three reasons for owning BTC: 1) debasement of global fiat currencies(inflation), 2) digitization of medium of exchange, and 3) Decentralization . As these three forces continue to get stronger, the value of BTC will appreciate.