Bitcoin Leads Asian Tech

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

ByteFolio Issue 229;

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This issue covers Polygon (POL) and Ethereum (ETH).

Bitcoin’s ByteTrend Score drops to a 4 on the daily chart. That looks like a mistake on Bloomberg; I would say it’s a 5.

Bitcoin Daily

You’d think TradFi investors would be more excited about Bitcoin, given that Nasdaq remains the most-talked-about theme while Bitcoin is stepping back up. The tech trade has marched on, but seems to be tired.

Bitcoin in Nasdaq

The KOSPI took over from the Nasdaq over the past year, and has now turned down. Bitcoin in KOSPI has doubled from the low.

Bitcoin in KOSPI

Next up is Taiwan. The market looks to be topping, and Bitcoin is regaining ground. Recall that five years is an unflattering view of Bitcoin, as it starts with a bear. But all the more reason to embrace it.