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Will the Bitcoin Halving Cycle 'Three-Peat'?

Will the Bitcoin Halving Cycle 'Three-Peat'?

Bitcoin has been through two clear “halving” cycles in its short existence, from 2012-2016 and 2016-2020 (epochs 2 and 3 on the chart below). We ignore the first epoch because the asset was too young and wild (even for it) to be of any use. These cycles are book-ended by

Show Me the Money

Show Me the Money

How can traditional finance embrace crypto? Public awareness of crypto grows by the day. Yet the gulf between institutional investment and digital assets seems to narrow at a glacial pace. That’s not to say that there is no institutional involvement, only that, in the bigger scheme of things, it

The Rise of Ethereum

The Rise of Ethereum

Newsletter Issue 136 In attempting to simplify crypto, someone once made an analogy to distinguish between Bitcoin and Ethereum, the two largest crypto assets. Bitcoin could be thought of as gold and Ethereum as oil. It’s a bit clunky, but you get the point. One serves as a form

Why Is Gold Ownership so Low?

Why Is Gold Ownership so Low?

The chart below shows the performance of gold against the S&P500 and NASDAQ since 2000. Gold has demolished both. It’s a striking picture because this has been achieved during a golden age for equity investing. Yet it seems that few investment portfolios have any proper strategic allocation

Beating the BOLD1 Index - It Is Possible

Beating the BOLD1 Index - It Is Possible

There are 137 equity ETFs listed on the London Exchange that have traded for five years or more (with USD tickers). Over that period, the ByteTree BOLD Index (BOLD1) returned 150.3%, and not a single one of those ETFs has kept up. Over the past three years, the list

The Canary in the Coalmine

The Canary in the Coalmine

Bitcoin’s crash should be seen as a warning for the stockmarket. The recent crash in bitcoin was triggered by the US inflation data on Friday, which came in at 8.6%. The world laughs at the unwinding of the great Ponzi scheme, but which one are they referring to?

Liquidity and Risk - Perception vs Reality for Gold and Bitcoin

Liquidity and Risk - Perception vs Reality for Gold and Bitcoin

We have been asked on more than one occasion why we don’t throw silver into the BOLD (bitcoin and gold) mix. It’s a commodity with similarities to gold - mainly in so far that it has been used as money - so wouldn’t it be a good