Dear All
I have just informed Peter that I will not be coming this evening.... Given
the dreaded Omicron my priorities are on getting through to Christmas and being
able to see the family all together for the first time in 3 years. I
appreciate that my notes on Coinbase, Enovix and now crypto need some extra
colour and debate and I am available for a Teams/Zoom meeting if this becomes
the preferred option
My thoughts on Crypto
Plus ca change..... Crypto has had another bumpy ride this month from highs of
nearly £17K to the recent lows of £12.2k -
The falls seem to have largely been initiated by a few large scale investors
unwinding some of their positions and this is a key problem that will need to
be solved if crypto is to become more stable.
Against the libertarian ideals of the users of crypto it might be that greater
regulation would increase acceptance of the currency which in turn would create
more liquidity and therefore reduce the volatility. It will be interesting to
see how this debate plays out.
In the meantime it is most likely that we will see a recovery over the next few
weeks.
John and I will brief you on the saga of logging into our account and how we
can solve the problem - In short we were trying to be too clever and the
problems of three level verification - with one of the key holders being on
Moscow, and the other on the shooting field, solving the jigsaw was just too
complex and it proved to be technically insurmountable...
With best wishes
Simon
