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Charlie Erith

Charlie Erith

Blackrock Says It’s Time for Bitcoin

Blackrock Says It’s Time for Bitcoin

ATOMIC 86; The entrance of Blackrock into the bitcoin space is a game-changer. It is another step towards the institutional legitimisation of bitcoin as an investable financial asset. Our bullish stance is retained. ByteTree ATOMIC Analysis of Technical, On-chain, Macro, Investment Flows and Crypto. Highlights Technicals Powerful move off critical

Sinking Alts

Sinking Alts

ByteFolio 62; The portfolio drifts downwards in BTC terms, but the absence of any exposure to altcoins means we’ve side-stepped last week’s carnage. These sharp declines were triggered by the SEC’s decisions to prosecute Coinbase and Binance, which resulted in a reduction in system liquidity. When liquidity

The SEC Gets Nasty

The SEC Gets Nasty

ByteFolio Update 61 | ByteTree's Crypto Leaders ByteFolio brings together ATOMIC, ByteTrend and Token Takeaway to create ByteTree’s model portfolio, known as ByteFolio. This is a selection of crypto tokens, which are weighted according to their risk/reward characteristics. ByteFolio has a modest turnover and will not suit

Back to Basics

Back to Basics

ByteFolio 60; ByteFolio is stripped back to the bare essentials this week as the Binance Coin (BNB) breaks trend relative to BTC and will be removed. Binance has been under pressure on multiple fronts of late, some of which are discussed below. That leaves us with holdings in just Bitcoin

Macro-Chicken

Macro-Chicken

ATOMIC 85; The bitcoin price stays in a range, but the way it is behaving is consistent with a cyclical bottom. The network remains active, and there is continued regulatory progress and institutional experimentation with use cases. Policy error might be the next big catalyst. Highlights Technicals Low exchange volume

Adding to ETH

Adding to ETH

ByteFolio Update 59 | ByteTree's Crypto Leaders; ByteFolio once again tracks sideways, as does the cryptosphere. News has been thin on the ground, although the US debt ceiling resolution generated some noise from the “money-printers go brrrr” brigade. Not that there was ever going to be any other outcome.

Bitcoin's Importance in a World of Artificial Intelligence

Bitcoin's Importance in a World of Artificial Intelligence

ByteFolio Update 58 | ByteTree's Crypto Leaders ByteFolio is unchanged in BTC, itself trading in a narrow range, as it has been since mid-March. For the short term, the market appears to be waiting for a clearer steer on economic growth and central bank policy. As discussed in last