When Precious Metals Run Out of Steam…
Bitcoin’s ByteTrend Score is back to a 2. It is positive that the price is trying to stabilise and has not breached the April low.
A model portfolio designed to outperform Bitcoin
Bitcoin’s ByteTrend Score is back to a 2. It is positive that the price is trying to stabilise and has not breached the April low.
ByteTrend identifies the leading trends in crypto and shows us where to look. Then comes Token Takeaway, where our analysts do a deep dive into the project to ensure its credibility. Finally, the opinion from ATOMIC will address the risks. The portfolio will generally be fully invested, but that can fall if the risks are unusually high.

The aim is to outperform bitcoin. We achieve this by selecting tokens that generate higher returns, and take less risk when times are tough. Both of those options will help you to grow your crypto portfolio.
ByteFolio offers a free research tier packed with insights into digital assets.
Charlie Morris is the Editor of ByteFolio, with contributions from our in-house crypto analyst team. Fascinated by the emergence of a new asset class, but unsure how to make sense of it, he started to analyse the Bitcoin blockchain in 2013. He is also the Chairman and Chief Investment Officer of ByteTree, which he founded in 2014 as a platform to deliver independent, robust and thought-provoking market analysis.
Prior to ByteTree, Charlie has 25 years of fund management experience and is a pioneer of multi-asset investing. At HSBC Global Asset Management, he launched the Absolute Return Service in 2002, which grew to over $3 billion. Much of that success came from moving away from the crowd and embracing a wider range of asset classes that traditional investors were not familiar with at the time.
Subsequently, Charlie managed the Total Return Fund at Atlantic House Fund Management until June 2020, at which point it was ranked number 1 out of 48 funds in the Trustnet Target Absolute Return Sector. He sits on the investment committee for the Society of Technical Analysis and on the Board of Halkin Services, a renowned investment think tank. He has regularly been featured in leading news publications and has given numerous presentations to investment bodies and Universities.
Prior to a career in finance, Charlie served as an officer in the Grenadier Guards, British Army, having graduated from the Royal Academy Sandhurst in 1994.
Bitcoin’s ByteTrend Score has been downgraded to a zero trend score again. The counter rally didn’t last, and it is hard to be bullish at this point.
Little wonder Bitcoin is slack, as the hot money has found a new toy to play with.
It should be noted that MSTR’s risk relates to the premium or mNAV, and not the credit risk. The latter would only kick in if the price of Bitcoin truly collapsed from here.
Bitcoin’s ByteTrend Score drops to 0., which means the trend is now bearish. The $100k level has been broken, and a bear market fits the four-year cycle thesis.
Strategy (MSTR), formerly known as MicroStrategy, is being dumped at pace. Investors bought MSTR as a Bitcoin proxy as the ETFs (or ETNs) were banned in major financial centres such as London.