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 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.
