Dear All
I think that we are just about holding on to the tail of the dragon.
You will have seen that our Crypto investments were standing at £16,060 on
Friday - this morning, at 08.30, they are at £16,747.. Who knows where we
will be by the time of our meeting this evening....
I thought that the following facts would be of interest. If we had invested
£1,000 on January 1st into the following currencies they would be now be worth:
Shiba £800,000
Solano £162,000
Cardano £11,600
Ethereum £6,270
Bitcoin £2,140
One of the main trends that is developing - is a large inflow of money into
Bitcoin ETFs. These funds could increase considerably once the US approve
Bitcoin ETFs and this could see some sustained increases in valuations. The
underpinning of cryptocurrencies by ETFs will shift the paradigm.
I look forward to seeing you this evening
Simon
