BITCOIN SHORT TERM VOLATILITY IS PERFECTLY IN LINE WITH HISTORICAL AVERAGES

Bitcoin volatility increasing back above historical averages. We watch this closely. Valuation implications: short-term positive as more capital comes in offering price discovery putting downward pressure on volatility leading to more institutional long-term “allocations.

Disclaimers:

This material is presented for general information purposes only, and does not constitute an offer to buy or sell securities. This publication does not constitute general or personal investment advice or take into account the individual financial circumstances or investment objectives, or financial conditions of the individuals who receive it. This does not constitute an offer or solicitation to purchase or sell any securities or Funds, nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.