Specialising in Bitcoin, Gold and Digital Assets

ByteTree Asset Management

Investment Manager specialising in bitcoin, gold and digital assets

CEO, ByteTree Asset Management

Crypto

If Decentralised Finance could have organised an advertising campaign, it might have looked pretty similar to the events of the last couple of weeks. The new UK government’s mini-budget has been greeted by a cacophony of derision, not least because the fallout immediately impacted two sacred aspects of people’s lives: their mortgage and their pension. Mortgage rates continue to rise, while a collapse of a huge swathe of the pension sector has only been averted by the Bank of England’s intervention. Meanwhile, the US printed a headline CPI inflation number of 8.2% yoy in September, with core CPI climbing from 6.3% to 6.6% yoy, the highest since August 1982. Property markets are slowing down. The worry remains that something large is about to break.
One might have expected bitcoin to beat a hasty retreat under the circumstances, yet it did no such thing. Indeed, the whole crypto ecosystem has bounced sharply as this goes to print. As investors contemplate the fault lines in the traditional financial system, it is perhaps of little surprise that the alternative is taken more seriously.
This week we cover Uniswap (UNI) in Token Takeaway, which is the leading Decentralised Exchange (or DEX), built on Ethereum. The idea of a decentralised exchange – a Morgan Stanley, but with no people – is a fascinating concept and one that has the potential to keep taking market share from Centralised Exchanges (like Coinbase or Binance). This is the sort of use case that will draw in investment, particularly as the user experience and technology improve.&nbsp;
In ATOMIC, Charlie Morris looks at the carnage in bond markets, which are making bitcoin look more credible by the day. In the Cryptonomy section, we will henceforth be drawing from the observations in ByteTrend, our trend-following indicator for crypto tokens. This week’s note highlights how projects with more intuitive use cases are showing relative strength, leaving various scaling solutions behind. Identifying trends and winners at this stage of the cycle is going to be hugely important, and ByteTrend is proving a fabulous starting point.
Meanwhile, it was a quiet week in ByteFolio, although a couple of new names are looming into view, which we will be taking a closer look at.

If Decentralised Finance could have organised an advertising campaign, it might have looked pretty similar to the events of the last couple of weeks. The new UK government’s mini-budget has been greeted by a cacophony of derision, not least because the fallout immediately impacted two sacred aspects of people’s lives: their mortgage and their pension. Mortgage rates continue to rise, while a collapse of a huge swathe of the pension sector has only been averted by the Bank of England’s intervention. Meanwhile, the US printed a headline CPI inflation number of 8.2% yoy in September, with core CPI climbing from 6.3% to 6.6% yoy, the highest since August 1982. Property markets are slowing down. The worry remains that something large is about to break.
One might have expected bitcoin to beat a hasty retreat under the circumstances, yet it did no such thing. Indeed, the whole crypto ecosystem has bounced sharply as this goes to print. As investors contemplate the fault lines in the traditional financial system, it is perhaps of little surprise that the alternative is taken more seriously.
This week we cover Uniswap (UNI) in Token Takeaway, which is the leading Decentralised Exchange (or DEX), built on Ethereum. The idea of a decentralised exchange – a Morgan Stanley, but with no people – is a fascinating concept and one that has the potential to keep taking market share from Centralised Exchanges (like Coinbase or Binance). This is the sort of use case that will draw in investment, particularly as the user experience and technology improve.&nbsp;
In ATOMIC, Charlie Morris looks at the carnage in bond markets, which are making bitcoin look more credible by the day. In the Cryptonomy section, we will henceforth be drawing from the observations in ByteTrend, our trend-following indicator for crypto tokens. This week’s note highlights how projects with more intuitive use cases are showing relative strength, leaving various scaling solutions behind. Identifying trends and winners at this stage of the cycle is going to be hugely important, and ByteTrend is proving a fabulous starting point.
Meanwhile, it was a quiet week in ByteFolio, although a couple of new names are looming into view, which we will be taking a closer look at.

TradFi Carnage Fuels Bitcoin’s Credibility