BTCUSD breaks $62,000

Gold jumps 0.85% reaches ATH $2,591 (CFDs on Gold) after 50 bp rate cuts.

US10Y gains 0.82%, reaches 3.69%.

The impact of adding #Bitcoin to a traditional 60/40 portfolio of equities and fixed income.

- at low digit percentages (5%-11%) had a material positive impact on the Sharpe Ratio, enhancing risk-adjusted returns.

- while at large percentages, it contributed to a significant increase in portfolio volatility.

A higher Sharpe Ratio implies greater efficiency.

While reviewing my investment memo on #Gold in 2022 and find this wave assumption.

After 22 months, the assumption has proven correct with a +46% gain. However, mistakes were still made along the way.

· Initial Position
Position is built in Aug. 2022 (arrow 1), with -5% acceptable loss ($1,680-ish), which is too prudent in hindsight.

· Stop Loss
We incurred a -5% loss over the next two months as the price hit our stop-loss level. Meanwhile #Bridgewater had been consistently holding gold ETFs at the same time.

· Re-entering the Position
2 months later (November), with reveal the record-setting $249 billion monthly federal deficit and an engulfing monthly candle (arrow 2), we re-entered the position—despite having considered not to after previous setback (please consider that there were 8 months where the price barely moved)

That very November also marked the beginning of the People’s Bank of China (#PBOC) increasing its gold reserves, a trend that continued for the next 18 straight months.

· #Patienceisavirtue
Whether you enter at Arrow 1 or 2, the end result in terms of profit may not change much. However, what makes the difference is the mindset that comes with each entry. A poorly timing can create unnecessary noise, lead to second-guessing, and drive you away from what could have been a beautiful trade.

Mentality is just as important as the strategy.

9/13 $ARKB inflow +99.27 million
Largest inflow in last 2 months.

Endless deep fake scam ads on @YouTube
Most deepfake pop-ups are @elonmusk or @VitalikButerin

dk why this never ends.

BTCUSD breaks $56,000

12 days before next FOMC meeting, the market pricing 63% chance for 25bp rate cut;

With a 51% chance of a 50 bp rate cut on November 7, the market is leaving the decision in the hands of upcoming data to answer that is soft landing, or a recession knocking at the door?

Unemployment Rate: 4.2%
Previous: 4.3%, Consensus: 4.2%

Pre-market:
Nasdaq 100 mini futures down -1.1%
U.S. Government Bonds 2Y Yield down -0.72%
U.S. Government Bonds 10Y Yield down -0.72%

Initial Jobless Claims: 227K vs 232K Prev. EST 230K.

Good Number.

$GOLD is nearing ATH.
CFDs on Gold: $2,515.5 / OZ

Bloomberg: Over the five years through 2023, the original cryptocurrency posted an average September drop of more than 8%.

JOLTs Job Openings JULY
Actual: 7.673M
Previous: 7.910M
Consensus: 8.10M

$VIX CBOE Volatility S&P 500 Index opens at 23.2, new high since Aug 9.

Bitcoin/USD breaks $58,000.

Ethereum ETF Monthly Net Flow: August $+6.83 million ($-477 m outflow since launch)
- Price down to $2,513 from $3,232
- @BlackRock $ETHA adds 146,658 Ether ($390 m) and owns 336,056 Ether (Total $1.01 billion inflow)
- @Fidelity $FETH with $114 m inflow, total $392 m inflow
- @BitwiseInvest $ETHW with $29 m inflow, total $314 m inflow
- @Grayscale mini $ETH with $38 m inflow, total $239 m inflow

- @Grayscale $ETHE has $-583 m outflow in August, and total outflow $2.56 billion since launch (July 22)

8/28 Grayscale mini ETF $BTC has its first outflow since launch,
· Net flow -147 BTC ($ -8.77 million)

Bitcoin Spot ETFs are experiencing an 8-day streak of growing inflows.
- $753 million inflow in last 8 trade days
- Price of Bitcoin gains +7%, from $58,690 to $62,840

2 counterparties of @MicroStrategy to play with,
· 1.75x long $MSTX , $60 million trade volume
· 1.5x short $SMST, just get listed today, $445k trade volume