When Precious Metals Run Out of Steam…

Disclaimer: Your capital is at risk. This is not investment advice.

ByteFolio Issue 190;

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This issue covers Ethereum (ETH), BNB Chain (BNB), PancakeSwap (CAKE), HyperLiquid (HYPE), Aave (AAVE), and Helium (HNT).

Bitcoin’s ByteTrend Score is back to a 2. It is positive that the price is trying to stabilise and has not breached the April low.

Bitcoin

The ETF flows are stable, so that’s no longer a negative. The dollar has been weak, which should be supportive, but it hasn’t been. Another idea is that the quantum computing threat is real, but there are countermeasures that can neutralise this. The core developers are able to upgrade the system, and as that threat grows, no doubt they will, just as they have in the past.

I do not believe quantum is a reason for short-term weakness because the charts are basically correlated. It’s not like quantum goes up and Bitcoin goes down. Along with other tech-related stocks, they all seem to resemble one another.

Bitcoin and Quantum

I repeat this chart from last week showing Bitcoin and silver. Who would have thought that silver would return the same over 8 years?

Bitcoin vs Silver

I reiterate the point that Bitcoin and crypto are unlikely to shine until this bull market in precious metals comes to a pause. Let’s not forget that Bitcoin vs precious metals since 2020 looks like this:

Bitcoin and Precious Metals

The ByteTree crypto team wishes you a very Happy Christmas and New Year. We will be back on Wednesday, 7 January.

Helium Redefined: From IoT Dreams to Mobile Reality

While the HNT token has struggled amid broader market weakness, the underlying network continues to grow. Helium has been on our radar for some time, and with Helium Mobile now delivering tangible, real-world value, it is timely to revisit the project.