The US banking system in crisis, yet the ByteTree Bitcoin and Gold Index, BOLD, makes a new all-time high vs the S&P 500. That’s proper portfolio diversification. More details in our March report.
In November, BOLD fell by 3.6%, while Bitcoin returned -16.5%, Gold +5.9%, and global equities +0.3%, in USD terms. This has been a severe correction, yet Gold’s gains have softened the fall for BOLD.
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.
