Specialising in Bitcoin, Gold and Digital Assets

ByteTree Asset Management

Investment Manager specialising in bitcoin, gold and digital assets

CEO, ByteTree Asset Management

Crypto

At the start of June, the ByteTree Network Demand Model turned off, which typically signals the start of a bear market. In "<a href="https://bytetreeam.us3.list-manage.com/track/click?u=a4a4461fba9ee073aaefd6019&amp;id=e8e09ee461&amp;e=7c019babf2" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://ByteTreeAM.us3.list-manage.com/track/click?u%3Da4a4461fba9ee073aaefd6019%26id%3De8e09ee461%26e%3D7c019babf2&amp;source=gmail&amp;ust=1624410551994000&amp;usg=AFQjCNG66RltqyIMMFJxOUSuxSq0LOlVSA" rel="noopener">ByteTree’s Bitcoin Model Turns Bearish</a>", Charlie Erith walks through some of the metrics, and in so doing shows the value of the applied data on&nbsp;<a href="https://bytetreeam.us3.list-manage.com/track/click?u=a4a4461fba9ee073aaefd6019&amp;id=9b717435d3&amp;e=7c019babf2" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://ByteTreeAM.us3.list-manage.com/track/click?u%3Da4a4461fba9ee073aaefd6019%26id%3D9b717435d3%26e%3D7c019babf2&amp;source=gmail&amp;ust=1624410551994000&amp;usg=AFQjCNHLMDGAl-FqdIHt4HGHk6dNE69SXQ" rel="noopener">ByteTree Terminal</a>.
Back to the research and Charlie Morris takes a bottom-up look at the gravity-defying price performance of MicroStrategy shares. In "<a href="https://bytetreeam.us3.list-manage.com/track/click?u=a4a4461fba9ee073aaefd6019&amp;id=9e73413a95&amp;e=7c019babf2" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://ByteTreeAM.us3.list-manage.com/track/click?u%3Da4a4461fba9ee073aaefd6019%26id%3D9e73413a95%26e%3D7c019babf2&amp;source=gmail&amp;ust=1624410551994000&amp;usg=AFQjCNF6V2_1YphYiROtQnnq9Sg011I0CQ" rel="noopener">Liquidity and Leverage; Why MicroStrategy trades at a 100% Premium</a>", we ponder why the premium to intrinsic value has lasted this long, and whether this is sustainable. The price performance of the Grayscale Bitcoin Trust provides an interesting precedent.
It’s not all about Bitcoin; there’s a dynamic financial ecosystem being created in the world of DeFi and dApps. Tom Salter shines a light on this fascinating, high-risk and rapidly evolving sector in “<a href="https://bytetreeam.us3.list-manage.com/track/click?u=a4a4461fba9ee073aaefd6019&amp;id=dd1fcd22b4&amp;e=7c019babf2" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://ByteTreeAM.us3.list-manage.com/track/click?u%3Da4a4461fba9ee073aaefd6019%26id%3Ddd1fcd22b4%26e%3D7c019babf2&amp;source=gmail&amp;ust=1624410551995000&amp;usg=AFQjCNGR_Te4kgu30AiRryxjxZzcJXq9tg" rel="noopener">Generating a Yield in the Digital Asset Ecosystem</a>”. It’s the Wild West now, but like all new technology it’s here to stay and improve, so it’s useful to try and get an early understanding of what’s going on.
<h3>CONTENTS</h3>
1.&nbsp;<a href="https://bytetreeam.us3.list-manage.com/track/click?u=a4a4461fba9ee073aaefd6019&amp;id=63e64e7c3c&amp;e=7c019babf2" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://ByteTreeAM.us3.list-manage.com/track/click?u%3Da4a4461fba9ee073aaefd6019%26id%3D63e64e7c3c%26e%3D7c019babf2&amp;source=gmail&amp;ust=1624410551995000&amp;usg=AFQjCNHXNkPMk3Qk5TLik0wgpbjwyaDabQ" rel="noopener">ByteTree's Network Demand Model Turns Bearish</a>&nbsp;&nbsp;Charlie Erith 2.&nbsp;<a href="https://bytetreeam.us3.list-manage.com/track/click?u=a4a4461fba9ee073aaefd6019&amp;id=cbf4fda7d6&amp;e=7c019babf2" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://ByteTreeAM.us3.list-manage.com/track/click?u%3Da4a4461fba9ee073aaefd6019%26id%3Dcbf4fda7d6%26e%3D7c019babf2&amp;source=gmail&amp;ust=1624410551995000&amp;usg=AFQjCNFsgtwbEBRHrhW7q2YozwMZkIo2Uw" rel="noopener">Liquidity and Leverage: Why MicroStrategy trades at a 100% Premium?</a>&nbsp;Charlie Morris 3.&nbsp;<a href="https://bytetreeam.us3.list-manage.com/track/click?u=a4a4461fba9ee073aaefd6019&amp;id=a9ec63addf&amp;e=7c019babf2" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://ByteTreeAM.us3.list-manage.com/track/click?u%3Da4a4461fba9ee073aaefd6019%26id%3Da9ec63addf%26e%3D7c019babf2&amp;source=gmail&amp;ust=1624410551995000&amp;usg=AFQjCNFXncjaU2z7vkxgNhrk00xLEgX6Gw" rel="noopener">Generating a Yield in the Digital Asset Ecosystem</a>&nbsp;Tom Salter

At the start of June, the ByteTree Network Demand Model turned off, which typically signals the start of a bear market. In "ByteTree’s Bitcoin Model Turns Bearish", Charlie Erith walks through some of the metrics, and in so doing shows the value of the applied data on&nbsp;ByteTree Terminal.
Back to the research and Charlie Morris takes a bottom-up look at the gravity-defying price performance of MicroStrategy shares. In "Liquidity and Leverage; Why MicroStrategy trades at a 100% Premium", we ponder why the premium to intrinsic value has lasted this long, and whether this is sustainable. The price performance of the Grayscale Bitcoin Trust provides an interesting precedent.
It’s not all about Bitcoin; there’s a dynamic financial ecosystem being created in the world of DeFi and dApps. Tom Salter shines a light on this fascinating, high-risk and rapidly evolving sector in “Generating a Yield in the Digital Asset Ecosystem”. It’s the Wild West now, but like all new technology it’s here to stay and improve, so it’s useful to try and get an early understanding of what’s going on.
CONTENTS
1.&nbsp;ByteTree's Network Demand Model Turns Bearish&nbsp;&nbsp;Charlie Erith 2.&nbsp;Liquidity and Leverage: Why MicroStrategy trades at a 100% Premium?&nbsp;Charlie Morris 3.&nbsp;Generating a Yield in the Digital Asset Ecosystem&nbsp;Tom Salter

Bitcoin

Monthly Research and News - June 2021