Uncommon Truths - The builder’s guide to Bitcoin
December 08, 2020

Uncommon Truths - The builder’s guide to Bitcoin

Paul Jackson. Global Head of Asset Allocation Research and András Vig. Multi Asset Strategist

Looking at global stock indices, you wouldn’t know there had been a global pandemic and recession during 2020.

On the other hand, gold bears witness to the problems and Bitcoin has recently taken up the mantle. Applying our gold model to Bitcoin suggests a fair value closer to $9,000 than $19,000.

Dowlnoad the full report to learn more.

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Paul Jackson. Global Head of Asset Allocation Research and András Vig. Multi-Asset Strategist

Banks have been one of the best performing sectors since the middle of October driven by hopes of a quick economic recovery. It would be logical to expect strong outperformance from the sector in the early part of an expansion on the expectation of improving margins and higher demand for loans. However, we think that low rates are here to stay for the foreseeable future and banks may have taken on loans that they would avoid in other circumstances.
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