Amidst this theatrical performance, behold! Bitcoin, the darling of the digital age, has decided to don its finest attire, ascending gracefully past $94,000-an impressive feat for a currency that often behaves like a capricious diva. 💃
The 21Shares Bitcoin Gold ETP [BOLD], launched on the London Stock Exchange on 13 January, offers investors a “regulated” way to own both Bitcoin and physical gold. Regulated, of course, meaning someone somewhere filled out a form. 📄
At the time of writing, it was trading at $0.975. A daily session close below the $1 mark would not be a good sign for the bulls in the short term. A veritable catastrophe, one might say. 🧠
Reports say the launch took place in Times Square, a stage fit for a sermon and a sales pitch at once, with Adams framing the token as a tool to support education and combat antisemitism and anti-American sentiment. The token rests on the Solana blockchain, as declared at launch, like an emblem pressed into the cold iron of the city. 🤖🗽
Apparently, this blank-check brouhaha is all about expanding their empire in the public markets, targeting the crypto darlings of the digital asset world. How très chic! 💼🤑
21Shares, alongside ByteTree Asset Management, has crafted this marvel with the enthusiasm of a man who’s convinced he’s discovered a new continent – only to realize it’s just a landfill. The monthly rebalancing? A delicate dance between two assets that exist to haunt your portfolio. As one might say, “Equal risk contribution” – a poetic way of admitting neither knows what it’s doing.
On the daily canvas, ETH remains a prisoner beneath the iron yoke of the 100-day and 200-day moving averages, its path barred by a monstrous supply zone at $3.5k-a fortress of rejection. Yet, in the lower $2.6k-$2.7k, a demand zone stands as a stubborn sentinel, defending the price with the resolve of a soldier in a forgotten war. The market, ever the enigma, dances between consolidation and collapse, its heartbeat a mix of hope and dread.
Ah, the age-old quest for the true identity of Satoshi Nakamoto-a tale as old as time, or at least as old as the first Bitcoin transaction. 🕵️♂️
One cannot help but notice that the native token, PI, languishes in a state of melancholic decline-a veritable sea of red on the weekly charts. Yet, amidst this gloom, a glimmer of hope dares to suggest that a fleeting rebound might just be around the proverbial corner. How poetic! The currency of dreams, or is it merely an illusion?
After days of watching their portfolios bleed like a stuck pig, investors finally got a little brave. Or maybe they just forgot how bad it was. Either way, $116.67 million decided to come back to the party. 🎊 Fidelity’s FBTC was like, “I got this,” and Grayscale’s GBTC was like, “Yeah, me too, but I’m still not over that whole trust-to-ETF thing.” 😒