Disclaimer: Your capital is at risk. This is not investment advice.
Once again, markets seem to be selling off in May. Hence no action in the Whisky and Soda portfolios, which are already positioned for better opportunities to emerge. They’re not the only ones. As Charlie Morris highlights in this week’s Multi-Asset Investor, America’s favourite avuncular uncle is also sitting on a pile of cash - around US$130bn - doubtless waiting for “fat pitches”. Should we be looking at Berkshire Hathaway again, Charlie asks. Meanwhile, there are questions about the Yen trade and whether it’s wise to hedge a position in gold against currency movements.
ByteFolio has also been forced to hunker down. Crypto has had a great run this year, but the altcoins have been heavily under the cosh of late, and our process is urging caution. Our conviction remains that we are in the early stages of the next bull cycle, so this is far from the time to be despondent. Indeed, it is interesting to see a huge (though admittedly eccentric) increase in on-chain activity in the Bitcoin Network. Evidence, once again, that this is digital gold with the ability to continue to evolve – an intriguing prospect.
Finally, we cover LUKSO this week in Token Takeaway. Described as “a blockchain platform that aims to revolutionise the fashion and lifestyle industry”, Seran emerges lukewarm about this one. Despite scoring well in its ByteTrend performance, he is concernedthat the competition for top brands is far greater than many suspect (a recurring theme in our crypto research).