Daily Snapshot

Daily Snapshot – 13 April 2021

Sometimes it pays to be brave. I'd argue that anyone who has bought Bitcoin is brave. Others have a different word for it but for now it's the people who put their money on the line and believed in a new asset class who are laughing. Bitcoin breaking out above the previous All Time Highs to gain another 5% and sit at $63,000 last. I'd say it was brave of our economists to argue in mid-January "The technology underpinning these new assets is opening up a new world of decentralised value exchange which could upend traditional financial and economic structures, offering far more than a gold-like inflation or money printing hedge".

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