Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

Global Multi-Asset Investment Strategist

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Cross Asset Strategy

<ul>
<li>The real-time market cap of gold is USD 15 trillion, not USD 13 trillion, as is often stated.</li>
<li>This matters because I expect gold to gain on and outperform bonds within a multi-asset portfolio. In recent years, this has been the case.</li>
<li>A real-time estimate of gold's market cap also translates to a real-time Bitcoin price estimate as it functions as digital gold. In this piece, I show my base case scenario.</li>
</ul>


The real-time market cap of gold is USD 15 trillion, not USD 13 trillion, as is often stated.
This matters because I expect gold to gain on and outperform bonds within a multi-asset portfolio. In recent years, this has been the case.
A real-time estimate of gold's market cap also translates to a real-time Bitcoin price estimate as it functions as digital gold. In this piece, I show my base case scenario.


A Real-Time Estimate of Gold's Market Cap and Bitcoin's Potential Value

Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>BTC faces a bullish outlook with tailwinds from ETF inflows and an upcoming halving. Early signs of a broader cryptocurrency market rally are underway.</li>
<li>Gold prices remain pressured from investor rotation to other assets. Fading recession fears are eroding gold's risk premium. </li>
<li>Cumulative ETF fund flows for bitcoin and gold ETFs highlight the diverging outlook with large inflows to bitcoin ETFs and outflows from gold ETFs. </li>
</ul>


BTC faces a bullish outlook with tailwinds from ETF inflows and an upcoming halving. Early signs of a broader cryptocurrency market rally are underway.
Gold prices remain pressured from investor rotation to other assets. Fading recession fears are eroding gold's risk premium. 
Cumulative ETF fund flows for bitcoin and gold ETFs highlight the diverging outlook with large inflows to bitcoin ETFs and outflows from gold ETFs. 


Bitcoin to Continue Outshining Gold In 2024

Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Crypto

<ul><li>Ethereum has surged past the 3,000 ETH/USD mark, now trading at 3,050 ETH/USD.</li><li>This increase is mainly driven by the intensifying anticipation over the potential launch of an Ethereum spot ETF, along with Ethereum’s recent breakout from a months-long period of underperformance compared to Bitcoin.</li><li>Over the last week, Ethereum has seen an 8% increase relative to Bitcoin, with the latter seeing less net inflow into exchange-traded products than the week prior.</li></ul>

Ethereum has surged past the 3,000 ETH/USD mark, now trading at 3,050 ETH/USD.This increase is mainly driven by the intensifying anticipation over the potential launch of an Ethereum spot ETF, along with Ethereum’s recent breakout from a months-long period of underperformance compared to Bitcoin.Over the last week, Ethereum has seen an 8% increase relative to Bitcoin, with the latter seeing less net inflow into exchange-traded products than the week prior.

<ul>
<li>First, Japan entered a recession, and a week later, the Nikkei hit an all-time high after 34 years. Any idea why this is?</li>
<li>The Institute of International Finance (IIF) has updated its global debt chart. Be aware that it does NOT show the true underlying trend.</li>
<li>You are only allowed to trade Chinese equities if you are going to buy them. China will have a serious long-term issue in attracting fresh capital.</li>
</ul>


First, Japan entered a recession, and a week later, the Nikkei hit an all-time high after 34 years. Any idea why this is?
The Institute of International Finance (IIF) has updated its global debt chart. Be aware that it does NOT show the true underlying trend.
You are only allowed to trade Chinese equities if you are going to buy them. China will have a serious long-term issue in attracting fresh capital.


The Weekly Market Monitor – The 34-Year Wait Is Over!

Podcast by Eric Golden on Web3 businesses, Web3 Breakdowns

Web3 Breakdowns

Podcast by Eric Golden on Web3 businesses

Web3 Breakdowns is a series of conversations exploring innovation in the decentralized internet. Each episode will focus on a different topic - we will cover NFT projects, crypto assets, blockchain-based protocols, and businesses being built with Web3 architecture. We will talk to founders, artists, investors and influencers to understand this emerging ecosystem. Visit joincolossus.com to find more episodes, transcripts and a library of content to continue your learning.

<ul><li>Investment firms are using ten east to diversify their personal portfolios.</li><li>Zero Hash is a software company that allows businesses to launch crypto products quickly and compliantly.</li><li>Zero Hash provides infrastructure for businesses to embed digital assets within their own infrastructure, serving as a regulated entity.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Investment firms are using ten east to diversify their personal portfolios.Zero Hash is a software company that allows businesses to launch crypto products quickly and compliantly.Zero Hash provides infrastructure for businesses to embed digital assets within their own infrastructure, serving as a regulated entity.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Edward Woodford: Driving Crypto Adoption - [Making Markets, EP.17]

United States

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

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Bitcoin (XBTUSD CURNCY)

A Real-Time Estimate of Gold's Market Cap and Bitcoin's Potential Value

My real-time estimate of gold's market capitalization is USD 15+ trillion, leaving a Bitcoin price target of USD 140-170K.

Jeroen Blokland

Bitcoin to Continue Outshining Gold In 2024

Bitcoin is looking bullish due to ETF inflows and the upcoming halving, while gold prices are under pressure as investors shift to other assets.

Mint Finance

Crypto Crisp: Finally, Uniswap

Ethereum has surged past the 3,000 ETH/USD mark, now trading at 3,050 ETH/USD. This increase is mainly driven by the intensifying anticipation...

Steno Research

The Weekly Market Monitor – The 34-Year Wait Is Over!

Investments highlighted: Nikkei 225 Index, Japan 10-year yield, DAX Index, Chinese Equities, Walmart, Nvidia, Bitcoin, Gold, Treasuries.

Jeroen Blokland

Edward Woodford: Driving Crypto Adoption - [Making Markets, EP.17]

Zero Hash is a platform that helps investment firms diversify their portfolios by providing APIs and SDKs for businesses to quickly and compliantly...

Web3 Breakdowns

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

A Real-Time Estimate of Gold's Market Cap and Bitcoin's Potential Value

My real-time estimate of gold's market capitalization is USD 15+ trillion, leaving a Bitcoin price target of USD 140-170K.

Jeroen Blokland

Bitcoin to Continue Outshining Gold In 2024

​Bitcoin is looking bullish due to ETF inflows and the upcoming halving, while gold prices are under pressure as investors shift to other assets.

Mint Finance

Crypto Crisp: Finally, Uniswap

Ethereum has surged past the 3,000 ETH/USD mark, now trading at 3,050 ETH/USD. This increase is mainly driven by the intensifying anticipation...

Steno Research

The Weekly Market Monitor – The 34-Year Wait Is Over!

Investments highlighted: Nikkei 225 Index, Japan 10-year yield, DAX Index, Chinese Equities, Walmart, Nvidia, Bitcoin, Gold, Treasuries.

Jeroen Blokland

Edward Woodford: Driving Crypto Adoption - [Making Markets, EP.17]

Zero Hash is a platform that helps investment firms diversify their portfolios by providing APIs and SDKs for businesses to quickly and compliantly...

Web3 Breakdowns

Bitcoin is looking bullish due to ETF inflows and the upcoming halving, while gold prices are under pressure as investors shift to other assets.