Crypto is an industry where emotions run high. It remains a mostly-retail space, and volatility creates and destroys fortunes frequently and spectacularly. Accordingly, it is a highly reflexive space—rising prices create gold rushes, and falling prices bring predictions of imminent demise.    Reflexivity guarantees overshoots in both directions, but not all volatility is equal. At Motus, we have always aimed to distinguish between volatility born of macro or sentiment versus

Friends and partners,   While our monthly recaps to investors have become more thorough, we’ve not written in depth more broadly for a...

Summary   The confluence of crypto institutionalization, rising global liquidity, removal of BTC supply overhangs, and election clarity provides an attractive setup for year end and beyond. Intro   In August 2023 we authored the “ The Start of the Next Cycle ”, highlighting the number of factors coming together that would kickstart the next rally in crypto markets. From September 2023 through March 2024, Bitcoin rallied 175% (making a new all-time-high), and alternatives or “

Last December, in a piece titled “Crypto Risk vs. Reward”, we shared our view that the start of 2023 would prove to be a good entry...

During a legendary performance in HBO’s “True Detective,” Matthew McConaughey’s character unsettlingly states that “Time is a flat...

Capital allocation within crypto is about to change, and the consequences are underappreciated. The current institutional landscape is...

We believe we are at the start of a new crypto cycle, and present our views on the opportunity similarly seen in two prior market troughs.

Right now crypto is unpopular. Bitcoin’s ~80% YTD rally is unloved and under-owned, and new acquaintances seem concerned when we tell...

In this edition of Motus Missives, we will highlight product, technology, and regulatory updates that we believe will lead to increased...

While we love being in the weeds of innovation within the crypto market, we recognize the need for broader education about our industry...

In this edition of Motus Missives, we will illustrate why we believe that interacting directly with protocols is the best way to deliver...

While the details are still unfolding, we wanted to provide an update on recent events relating to the collapse of crypto-exchange FTX,...

September may be looked back at in the months to come as the most significant month for markets in years, if not decades. CPI exceeded...

There is a “new” trend that has begun to permeate amongst the crypto community – “real yield”. The idea that assets that pay an organic...

Summary: Centralized Finance (CeFi) vs. Decentralized Finance (DeFi) Participants – CeFi has borrowers, lenders, and intermediaries,...

“It's only when the tide goes out that you learn who's been swimming naked.” Quoting Mr. Buffett is often cliché, but he perfectly sums...

Summary: The “crypto is dead” narrative is back, but beware of false claims We see some more excess that needs to be shaken out, and...

The ocean’s tides are caused by a gravitational pull, ebbing and flowing from high to low based on proximity to Luna (Latin: “moon”)....

Disclaimer: This commentary is provided as general information only and is in no way intended as investment advice, investment research,...