Bitcoin Market Cap Comparison

If Bitcoin were to grow to the same level of market capitalization as some of the largest US Companies, it would be trading at the following prices found at the end of each data bar. The formula we used was simple. Current market capitalization / number of bitcoins in circulation. ( click to enlarge image) For informational purposes only. Not a recommendation to buy or sell Bitcoin. See our website for our recent regulatory disclaimer: https://cenaclecapital.com/about-cenacle/disclaimer/   Cenacle does have positions in Bitcoin, Ethereum, and other...

Why Bitcoin Will Disrupt… Everything

Cenacle Capital Management, LLC was invited to present at the prestigious Financial Executives International (FEI), Chicago Chapter event on April 20th, 2017.  Click on the link below to download a copy of our PDF presentation. (File size: 2.6 MB) FEI presentation by Cenacle Capital Management April 20_2017...

How Much Would Bitcoin Cost If It Were As Big As…

If Bitcoin were to grow to the same level of market capitalization as some of the largest US Companies, it would be trading at the following prices found at the end of each data bar in white. The formula we used was simple. Current market capitalization / number of bitcoins in circulation. ( click to enlarge image) For informational purposes only. Not a recommendation to buy or sell Bitcoin. See our website for our recent regulatory disclaimer: https://cenaclecapital.com/about-cenacle/disclaimer/ Current prices from Google Finance, 04/26/2017. Number of Bitcoins in circulation as of 01/24/2017: 16,293,863...

How Bitcoin Compares to Gold & World Currency ETF’s: April 24, 2017

How Bitcoin Compares to Gold & World Currency ETF’s Bitcoin has fallen to the low end of the range in terms of its relative strength with other asset classes, despite its recent uptrend. Caution must be exercised with Bitcoin investment at this time, as the chart below implies it may be the one of the worst performing asset class in the short term. The Bitcoin Matrix below uses relative strength technical analysis to show how Bitcoin ranks against foreign currency Exchange Traded Funds (ETFs) and other asset classes like Gold and Silver listed on US exchanges. Top relative strength candidates “float to the top”; while weaker candidates “sink to the bottom”. Click chart to enlarge. Please contact Cenacle Capital Management, LLC if you would like to discuss ways of incorporating Bitcoin into your own investment portfolio. HOW TO READ THIS CHART Relative strength measures the performance of one security in comparison to another. For example, how Microsoft is performing compared to the S&P 500, or how the U.S. Dollar is doing relative to the Euro, or how Bitcoin is doing relative to other Exchange Traded Funds and asset classes. To calculate relative strength, take the price of one security and divide it by the other (the security you want to compare), then plot the daily values using Point & Figure charting. While relative strength signals last on average about two years, an investor can also look to relative strength  relationships for near term guidance. Technical Attributes/Score is a ranking system that is applied to all ETFs using both trend and relative strength analysis. Stocks & ETF’s with at least...

He was like us in all things but sin…and taxes

Here are my interview notes from today’s interview with John Harper host of the Relevant Radio Morning Air Show. https://relevantradio.com/programs/morning-air Jesus was like us in all things but sin…and taxes and how it relates to retirement. Here is a good natured talk, somewhat humorous by challenging our belief system. Specifically, The Fourth Eucharistic Prayer. “He was conceived through the power of the Holy Spirit, and born of the Virgin Mary, a man like us in all things but sin.” Hebrews 4:15: ”For we do not have a high priest who is unable to empathize with our weaknesses, but we have one who has been tempted in every way, just as we are—yet he did not sin.” Matthew 17:24-27: Jesus, said “So go cast a line into the lake and pull out the first fish you hook. Open its mouth and you will find a coin. Use it to pay your taxes and mine.” The recent Internal Revenue filing deadline of April 18, 2017. For the record, my heart is filled with great joy and goes out to everyone who had the good fortune of paying taxes this year. Whether you are underemployed, gainfully employed or running a successful business it’s a sign of profitability and the economic wealth of our nation depends on you. Still, we need to continue praying for those still looking for work or are under-employed. On the other hand, my heart goes out to everyone who had the good fortune of paying a LOT of taxes this year, because if they are in the higher tax rates, they may have paid; 39.6% Federal Tax 3.8%...

Bitcoin and Blockchain Word Search Puzzle

There is so much serious conversation on Twitter regarding Bitcoin, Bitcoin Unlimited, SegWit, etc. I thought it was time we take a break and enjoy a Word Search puzzle that can unite all of us on a lunch break or over the long weekend. No matter what side of the “aisle” you’re on, we can all enjoy some non-partisan fun. Enjoy!      ...