Posts in Research Report
6.25 in Review

An all encompassing retrospective on the 2020 - 2024 Bitcoin halving epoch. If you’re new to Bitcoin and you want to get caught up to speed, or if you’re a Bitcoin veteran and you want to reminisce on the past year’s events, this report has you covered. We break down every notable event in Bitcoin and Macro since the 2020 halving.

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2024 Halving Report

Unveiling insights from the Blockware Intelligence report, "2024 Halving Analysis," reveals a compelling trajectory for Bitcoin, potentially reaching $400,000 in the upcoming halving epoch. The unique dynamics of Bitcoin's algorithmic supply, coupled with halving-induced reductions in sell pressure and heightened demand, form the core drivers.

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Ranking Public Bitcoin Miners Q4 2022

In February 2023, Blockware Intelligence released the pilot version of “Ranking Public Bitcoin Miners” using financial data from mostly the 3rd quarter of 2022. That report caught fire, as it introduced an innovative new framework to quantify the financial health of public miners and calculated a “Miner Score.” This version of “Ranking Public Bitcoin Miners” has been updated to use data from the Q4 10K’s largely released in March 2023.

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Ranking Public Bitcoin Miners

This report outlines a framework to quantify the liquidity, solvency, and profitability of publicly traded Bitcoin miners. It uses methods practiced by traditional financial professionals to quantify the financial health of public miners and calculates a “Miner Score” to rank them based on four critical metrics pulled directly from 10-Q and 10-K fillings.

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Research ReportJoe Burnett
Pricing ASICs - A Valuation Model for Bitcoin Mining Rigs

Bitcoin mining rigs (ASICs) are a special segment of computer hardware that can be priced as a derivative of BTC and time. This report will use the terms rigs and ASICs interchangeably. Historically, the first Bitcoin ASICs depreciated quickly due to next-generation ASICs being multiples more efficient than their predecessor. Over the past few years, ASICs have clearly started to commoditize as technology approaches the limits of what is thermodynamically possible

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Research ReportJoe Burnett
Purchasing Power Under a Bitcoin Standard

Humanity is naturally converging on a global Bitcoin Standard due to BTC having unrivaled monetary properties. This Blockware Intelligence Research Report forecasts the future purchasing power of BTC as it becomes the dominant store of value through the demonetization of other asset classes.

Fiat currencies have failed to store wealth across time thus incentivizing humans to use non-cash assets in order to preserve wealth; resulting in some percentage of said asset’s nominal value being a monetary premium. A hyperbitcoinized world will result in BTC absorbing the monetary premium of other asset classes and bringing them down to just their utility value.

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Research ReportJoe Burnett
Bitcoin Transaction Fees: The Future Economics of Bitcoin Settlement Finality

Head Analyst at Blockware Solutions, Joe Burnett, and VP of Research at Riot Blockchain (NASDAQ: RIOT), Pierre Rochard co-author a new report on the long-term viability of Bitcoin settlement finality.

The Bitcoin network's transaction fees and throughput are often cited as positive or negative catalysts for the value of BTC, depending on when and who you ask. The volatility of fees has led to the development of polarizing narratives, they are simultaneously characterized as being too high and too low.

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Research ReportJoe Burnett
The Structure of Cyclical Markets

All financial markets are driven by human behavioral dynamics, which is why similar patterns are repeated across markets, asset classes and time. These recurring patterns define the secular phases of the market cycle and create the foundation for examining the driving forces in every asset class through periods of expansion and contraction.

Utilizing the framework highlighted by this report, within the present macroeconomic context, can provide valuable signals to help investors more effectively allocate capital.

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