Bitcoin has been criticised for being too risky for investment portfolios yet, with falling volatility, looks increasingly credible against financial assets, notably “risk free” government bonds. Liquid alternative assets, where gold and bitcoin lead, deserve widespread adoption as our legacy financial system fights for survival.
The BOLD Chart Book October update is now available.
In October, BOLD rose by 1.5%, Bitcoin fell by 3.1%, and Gold rose by 3.7% in USD terms. The month saw significant corrections for both assets, but it was encouraging to see the assets exhibit counter-cyclical behaviour.
For the first time since 2021, private investors in the UK are allowed to buy Bitcoin and Ethereum through their investment platforms. This survey aims to gain a better understanding of the landscape for investing in crypto ETNs.
The volatility measures have resulted in new target weights of 33.3% Bitcoin and 66.7% Gold. For the first time, BOLD holds one-third in Bitcoin.
