Investment briefing
Katana & Wakizashi
Once again, the price of bitcoin is on the tear, encouraged by the launch of SEC-registered exchange traded funds, led by BlackRock’s iShares Bitcoin Trust. That, a cap on interest rate rises (making risk assets more attractive versus plain old cash) , the ubiquitous ‘halving’ event (which cuts the reward for mining Bitcoin transactions in half, artificially reducing new supply at roughly four-year intervals) and rumours of potential Russian sanctions dodging, have propelled the cryptocurrency to new highs.
Investment briefing
The stock market euphoria, which accompanied the reflation of major global economies in the wake of the pandemic, is abating.
Investment briefing
World markets have experienced one of their most turbulent quarters in recent history. Coming so soon after the trauma of a global pandemic, the impact of events in Ukraine seems that much worse.