# CHAINLETTER

Fortnightly analysis - as opposed to news - of bitcoin and crypto from a UK based crypto fund management team.

Page: <https://rssamplifier.com/bagster-substack-com>  
Feed: <https://rssamplifier.com/bagster-substack-com.md>

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## [Webinar: Crypto Is At The Start Of A New Bull Market](https://bagster.substack.com/p/webinar-crypto-is-at-the-start-of)

_2026-08-04 · Charlie Erith_

Join us as we argue that we are at the bottom of a new cycle, driven by a massive new use case

## [CRYPTO IS AT THE START OF A NEW BULL MARKET - CHAINLETTER 83](https://bagster.substack.com/p/crypto-is-at-the-start-of-a-new-bull)

_2026-07-29 · Charlie Erith_

Summary

## [GEODNET: The Rails For Physical AI](https://bagster.substack.com/p/geodnet-the-rails-for-physical-ai)

_2026-07-27 · Jake Anderson_

How GEODNET built the world's largest RTK network, and turned enterprise revenue into a deflationary token.

## [Crypto Comes Back To Life - CHAINLETTER 82](https://bagster.substack.com/p/crypto-comes-back-to-life-chainletter)

_2026-07-16 · Charlie Erith_

Summary

## [Ethereum Is Rebuilding for Institutions and Agents](https://bagster.substack.com/p/ethereum-is-rebuilding-for-institutions)

_2026-07-07 · Jake Anderson_

Ethereum just laid out its biggest rebuild since the Merge. It is a seminal change and lays the foundations for long term dominance, much as we have anticipated.

## [Risk On - CHAINLETTER 81](https://bagster.substack.com/p/risk-on-chainletter-81)

_2026-07-02 · Charlie Erith_

Our internal risk regime indicator has moved from Neutral-Low to Risk-On.

## [Don't Be Fooled By Crypto Fees Alone](https://bagster.substack.com/p/dont-be-fooled-by-crypto-fees-alone)

_2026-06-29 · Jake Anderson_

Understanding the economics of a token is far more important than predicting fees

## [Will Quantum Kill Crypto?](https://bagster.substack.com/p/will-quantum-kill-crypto)

_2026-06-23 · Jake Anderson_

A day of stupid questions at a quantum conference, and what we learned about the threat everyone keeps warning us about.

## [Everything Is Deranged - CHAINLETTER 80](https://bagster.substack.com/p/everything-is-deranged-chain-letter)

_2026-06-11 · Charlie Erith_

The signals no longer add up

## [Crypto Needs A Re-Set - CHAINLETTER 79](https://bagster.substack.com/p/crypto-needs-a-re-set-chainletter)

_2026-06-02 · Charlie Erith_

Why bitcoin's breakdown could be crypto's most important moment.

## [Finnish Seedboxes — Up to 20Gbps (Sponsored)](https://crawlproof.com/a/a1o3W382jSQF)

_2026-06-02 · **Sponsored**_

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## [State of Prediction Markets 2026: On-Chain Adoption, Polygon's Bet, and Hyperliquid's Next Move](https://bagster.substack.com/p/state-of-prediction-markets-2026)

_2026-05-31 · Ali_

Polymarket, Polygon, and the emerging Hyperliquid challenge: a structural analysis of crypto's first mainstream consumer category

## [What Are Crypto Tokens?](https://bagster.substack.com/p/what-are-crypto-tokens)

_2026-05-29 · Jake Anderson_

What Do I Own?

## [Will The Bitcoin Rally Peter Out? - CHAINLETTER 78](https://bagster.substack.com/p/will-the-bitcoin-rally-peter-out)

_2026-05-13 · Charlie Erith_

Nervous times for bitcoin and crypto

## [History Doesn't Repeat, But It Rhymes: The Case for Crypto's Re-Rating](https://bagster.substack.com/p/history-doesnt-repeat-but-it-rhymes)

_2026-04-30 · Jake Anderson_

What Amazon, Netflix and Facebook Teach Us About Today's Crypto Market.

## [The Broken Promise of Crypto Gaming](https://bagster.substack.com/p/the-broken-promise-of-crypto-gaming)

_2026-04-23 · Jake Anderson_

Why blockchain never conquered the world's largest entertainment industry and what might actually come next.

## [What's Going On in DeFi?](https://bagster.substack.com/p/whats-going-on-in-defi)

_2026-04-21 · Jake Anderson_

Cross-chain bridges, centralisation risk, and a $293 million lesson for the industry

## [Doctor Bitcoin? - CHAINLETTER 77](https://bagster.substack.com/p/doctor-bitcoin)

_2026-04-15 · Charlie Erith_

In a hyper-financialised world, is bitcoin a lead indicator?

## [Bad Internals – CHAINLETTER 76](https://bagster.substack.com/p/bad-internals-chainletter-76)

_2026-04-09 · Jake Anderson_

April is the cruellest month because it promises so much.

## [Crypto Outperforms At A Time Of Intense Market Risk - CHAINLETTER 75](https://bagster.substack.com/p/crypto-outperforms-at-a-time-of-intense)

_2026-03-26 · Charlie Erith_

Crypto continues to show relative strength

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_2026-03-26 · **Sponsored**_

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## [Aave Labs VS Aave DAO](https://bagster.substack.com/p/aave-labs-vs-aave-dao)

_2026-03-09 · Ali_

Aave is currently facing a governance crisis