Last month we said that we believed bitcoin would beat gold in 2023. So far, so good after a strong move in January. But the important thing is that both assets are strong, which has been great for the BOLD Index. Where do they head from here?
View the February Chart Book update below.
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.
