Citation Needed
Investor Due Diligence Report
by Molly White
ghostCrypto
A critical look at the cryptocurrency industry and the broader technology world.
Investor Due Diligence Report
by Molly White
A critical look at the cryptocurrency industry and the broader technology world.
165K
~0%
Subscriber count is a platform estimate
Pricing
$6/mo
$60/yr annual option
$74K
~14K est. paid subs
$37K/mo – $111K/mo(±50%)
2.5
0.00%
(comments + likes) / subscribers
Bi-weekly
0.6 posts/week
68/100
Consistent (~11.7d avg)
| Newsletter | Subscribers | Weekly Growth | Price | Platform |
|---|---|---|---|---|
| Blockware Intelligence Newsletter | 141K | N/A | $10/mo | substack |
| The Wolf Den | 136K | -0.4% | $5/mo | substack |
| CryptoSlate | 114K | N/A | Free | substack |
| The Crypto Advisor | 113K | N/A | Free | substack |
| Month | Subscribers | Est. Revenue | Change |
|---|---|---|---|
| Feb 2026 | 5.5K | $2,915 | — |
| Mar 2026 | 42.5K | $22,525 | +672.7% |
| Apr 2026 | 30K | $15,900 | -29.4% |
| May 2026 | 35K | $18,550 | +16.7% |
| Jun 2026 | 42.5K | $22,525 | +21.4% |
| Jul 2026 | 60K | $30,210 |
Platform Dependency
Uses ghost platform
Publishing Consistency
Variable publishing frequency
Key Person
Single-author publication — key-person dependency
Audience Concentration
Consistent engagement across posts
Subscriber threshold
165K subscribers — above the 2K category median for first paid tier
Has paid tier
Active paid subscription offering
Peer monetization
60% of 10 similar-size peers in Crypto have paid tiers
Pricing position
$6/mo vs $5/mo category median (197 newsletters)
| Date | Monthly | Annual |
|---|---|---|
| Feb 2026 | $6 | $60 |
| Feb 2026 | $8 | $80 |
| Feb 2026 | $25 | $250 |
| Feb 2026 | $50 | $500 |
| Feb 2026 | $75 | $750 |
| Feb 2026 | $100 | $1,000 |
| Feb 2026 | $7 | $70 |
| Feb 2026 | $10 | $100 |
| Feb 2026 | $10 | $100 |
Disclaimer: This report is generated automatically based on publicly available data and proprietary estimation models. Estimated subscriber counts are derived from engagement patterns and should be verified through direct disclosure. Revenue estimates are based on known pricing and estimated paid subscriber counts. This report is for informational purposes only and should not be the sole basis for investment decisions.
| Component | Score | Weight |
|---|---|---|
| Engagement Rate | 55/100 | 30% |
| Publishing Consistency | 64/100 | 10% |
| BowTied Bull |
| 112K |
| N/A |
| $10/mo |
| substack |
| +34.1% |
| Aug 2026 | 100K | $50,350 | +66.7% |
| Sep 2026 | 100K | $50,350 | ~0% |
| Oct 2026 | 157.5K | $70,956.4 | +40.9% |
Revenue Model
Active paid subscription tier
| Feb 2026 |
| $9 |
| $90 |