20 Million Bitcoins Mined; 1 Million to Go
This week, 20 million Bitcoins have been mined, one million to go, and it’s the 200th issue of ByteFolio. Where did the time go?
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Risk Reduction
The dead cat bounce in the stockmarket is unconvincing despite the sharp fall in the oil price.
Sanctuary in Asia
The ByteTree Portfolios have been on the right side of the big trends over the past 15 months, but on the wrong side over the past 7 days. The dollar has risen alongside oil, and both have slid back in yesterday’s reversal.
Venture: Crisis and Opportunities
There is a tail risk that this conflict drags on. In that scenario, equity markets feel mispriced.
Risk Reduction
Flash Note; As I wrote on Tuesday, it is clear that the stockmarket market has had its best days this
BOLD
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Bitcoin and Gold Record Divergence
Gold’s volatility has risen sharply while Bitcoin’s has remained stable, and so the BOLD Index has increased exposure to Bitcoin at the expense of Gold.