Photo by Brian Wangenheim on Unsplash
We hope this message finds you well and you are all enjoying Bitcoin’s current rally. As of now, Bitcoin is valued at ~$67500. Over the past week, it has seen a significant increase in value, which may be of interest to those who hold it and other crypto assets.
If you are wondering why the other crypto assets are also not on the rise, its worth highlighting the Bitcoin dominance indicator.
Bitcoin's dominance has risen by more than 2.5 percent in October and this trend has had a notable impact on altcoins. Many speculators are opting to allocate their resources towards Bitcoin rather than exploring other options at present. This development has sparked discussion regarding the potential slowdown of this trend and the emergence of an altcoin season.
We are current 100% long Bitcoin, and see no reason to adjust our allocation in the near term. Our long term bullish case for Bitcoin is still unchanged.
If you are not ready to hold Bitcoin yourself, an option while you “Study Bitcoin”, is to follow our "platform verified” strategy - Rational Active Allocation. You can do so with as little as £20 per month, knowing that every allocation update we make to accumulate more Bitcoin will be replicated for you. This is a custodial solution aimed at those just starting their Bitcoin journey.
DISCLAIMER
This publication is general in nature and is not intended to constitute any professional advice or an offer or solicitation to buy or sell any financial or investment products. You should seek separate professional advice before taking any action in relation to the matters dealt with in this publication. Please also note our disclosure here
