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.
News
Online registrations are now open for the upcoming FIM Capital Harbour 2 Harbour Sponsored Walk, which will take place on Sunday 5th May.
Investment briefing
Uncommon Sense
During those languid days of Christmas, subdued by mulled wine and mince pies, I gazed out at some pretty miserable weather. Instead of walking the dog, I made the mistake of scrolling through my Facebook account.
Investment updates
Investment briefing
Ricochet
Cast your minds back to 2014, when the Caribbean Island of Puerto Rico, burdened by a chronic budget deficit, spooked the US municipal bond market by passing legislation to restructure some of its enormous $73bn debt pile. US Municipal Bond ETFs reeled and wider markets were spooked, the country’s debt downgraded to ‘junk’ status.
Investment updates