Dan Ashmore

Head of Research


Previously an investment analyst within trad-fi, Dan now works across a wide range of asset classes with a specialisation in crypto. In his spare time, he exploits pricing inefficiencies to generate arbitrage trades. His book, “Bitcoin, Money & Human Beings”, builds a model analysing the fair value of Bitcoin and is out now. He also appears frequently on CNBC discussing markets and has published many papers and research analysing Bitcoin and the crypto space.

Current Investments:

Currently split between Stocks, Index funds, Gold and Bitcoin.

What Do You Like Most About Cryptocurrency?

Assessing Bitcoin through a macro lens.

Latest Articles


Ethereum remains top dog, but woes persist in the DeFi sector

9 August 2023 Key Takeaways DeFi has seen massive capital outflows in the last year as token prices have collapsed Trad-fi yields…

Bitcoin volume falls to 3-year low as summer activity sags

3 August 2023 Crypto volumes are sagging amid summer lull In dollar terms, the amount of Bitcoin moving on-chain is at three-year…

Crypto’s correlation with stocks rising again following temporary deviation

1 August 2023 Key Takeaways Crypto had moved in line with stocks and other risk assets throughout the interest rate tightening cycle…

Bitcoin volatility at three-year low as crypto markets lull

31 July 2023 Key Takeaways Crypto volatility has been dropping all year, with Bitcoin’s volatility now at three-year lows Volume is also…

Bitcoin inverse relationship with dollar weakening

27 July 2023 The US dollar is the global reserve currency, meaning it is a key influence on all risk assets Bitcoin…

A temperature check on crypto as market eyes end of rate hiking cycle

27 July 2023 Key Takeaways The Federal Reserve increased interest rates 0.25% Wednesday, but the market is anticipating the hiking cycle is…

Are Bitcoin halvenings priced in? Understanding the price effects of Bitcoin’s supply cut

26 July 2023 Key Takeaways Bitcoin has historically performed robustly in the year following a halvening event However the sample size is…

Why is Ethereum underperforming Bitcoin since the Merge?

24 July 2023 Key Takeaways Ever since the Merge went live in September, Ether has underperformed Bitcoin significantly  This is despite the…

Bitcoin’s correlation with gold sinks to two-year low, a warning for investors

20 July 2023 Key Takeaways Bitcoin’s correlation with gold is at a two-year low Divergence highlights yet again that Bitcoin remains a…