Cryptoverse: British pound fiasco boosts bitcoin’s hedge appeal
Featured in Reuters
As a developed nation, you know your currency’s in a spot of bother when investors start to hedge with bitcoin.
After Britain’s brief Prime Minister Liz Truss unleashed her mini-budget on Sept. 23, filling financial markets with dread, a section of investors stampeded away from the pound and towards the cryptocurrency .
City traders retreat to Bitcoin as ‘safe haven’ after sterling crash
Featured in the Evening Standard.
The scale of the turmoil in the City’s foreign exchange market caused by the September mini-Budget was laid bare today after new data found sterling’s volatility sparked a ten-fold increase in the volume of pound to Bitcoin traffic on spot exchanges.
The Role of Bitcoin as a Diversifier (2022 Update)￼
We have said in the past that BTC can play a role in a portfolio of “traditional” assets as an effective diversifier of performance. Back in 2020 we looked at market data from Q3 2016 to Q3 2020 and put together a presentation which we shared with our investors at the time.
Bitcoin now more correlated to stocks and still has value in traditional portfolios
Featured in CityAM
Bitcoin remains a valuable addition to a traditional asset portfolio, according to research by a leading investment manager.
Why Bitcoin Could Be the Unlikely Saving Grace for Investors Right Now
Featured in AlphaWeek
As the crypto market burned, igniting mass hysteria and a widespread sell-off, many commentators were quick to sound the death-knell of crypto. As the Spectator puts it, ‘Crypto is Dead’.
Bitcoin Slips After Best Month of 2022 as Traders Weigh Recovery
Featured in Bloomberg
Bitcoin declined after reaching the highest levels since mid-June on Saturday amid optimism that the market may have recovered from its worst levels.
The largest cryptocurrency dropped as much as 3.6% to $22,958 on Monday after breaking above $24,000 over the weekend, its highest since mid-June. Its 27% gain in July made for the best month since October.
Ed Hindi, CIO Tyr Capital in conversation with Hedgeweek
Ed Hindi CIO Tyr Capital, in conversation with Hedgeweek, talking about the strategies Tyr Capital used to successfully drive growth over the past year, as well our exciting plans for the months ahead.
Tyr Capital appoints CEO
Featured in HedgeWeek
Cryptocurrency hedge fund Tyr Capital has appointed Olivier Trombert as CEO. The residing CEO, Nick Norris, will take over the operational side of the business as Chief Operating Officer (COO), following the launch of Tyr Capital’s new venture fund last month.
Bitcoin rallies after Biden signs executive order on digital assets
Featured in The Economic Times
Bitcoin surged on Wednesday after President Joe Biden signed an executive order that requires U.S. government agencies to assess benefits and risks of creating a central bank digital dollar and other cryptocurrency issues.
Crypto all-time high data: What do the figures tell us?￼
Featured in currency.com
The year of crypto, as 2021 was called, produced a litany of record-breaking figures for bitcoin (BTC) and the wider altcoin market. Trading figures surpassed expectations, decentralised finance (DeFi) came to the fore, Tether became ground-zero for the regulation debate and major scams like Squid Game Token garnered mainstream coverage.