Week Ending 05/12/2025 – Watching the Bitcoin Barometer
This week Jeremy and Gareth discuss mainly the apparent confusion of bitcoin falling while other “inflation hedge” or “real asset” measures like gold and silver are at or close to all-time highs. Jeremy has four or five reasons why this might be the case - all of which highlight the usefulness of bitcoin’s “always on” trading 24/7 as a barometer or investor opinion.
Macro markets have helped Rachel Reeves avoid short-term repercussions of the Budget.
Next week’s Fed rate decision may be overshadowed by gyrations around the potential seizure of Russian monies - and what that means for the value of the dollar in the eyes of anyone who might one day upset the West.
This communication is provided for information purposes only, and is not a solicitation or inducement to buy, sell, subscribe, or underwrite securities or units. Investors should seek advice from an Independent Financial Adviser or regulated stockbroker before making any investment decisions. Progressive Equity Research Ltd (“PERL”) does not make investment recommendations.
Opinions contained in this communication represent those of PERL and/or our affiliates at the time of publication and PERL does not undertake to provide updates to any opinions or views expressed. PERL does not hold any positions in the securities mentioned in this communication, however, PERL’s directors, officers, employees, contractors and affiliates may hold a position, and/or may perform services or solicit business from, any of the companies or related securities mentioned.
Any prices quoted in our research are as at the previous day’s close.