Invictus Capital: Weekly Wrap 12.02
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Market News
Lenin once said “there are decades where nothing happens; and there are weeks when decades happen.” This was one of those weeks. Tesla accelerated the bull market when they announced a $1.5 billion investment in Bitcoin — that’s about 15% of their net cash. They also plan to accept it as a payment method, adding further validation. It now seems inevitable that other companies will follow suit, with speculation that Apple may be next. America’s oldest bank, BNY Mellon, plans to custody cryptoassets for their asset-manager clients, Mastercard is bringing crypto onto its network, and the first publicly-traded Bitcoin ETF was approved in Canada. C20, C10 and IBA all posted weekly gains of over 30%. Phew!
Traditional markets moved at a slower pace. Last week’s news that former ECB chief Mario Draghi would be leading a newly-formed Italian government continued to drive tightening spreads between Euro-denominated sovereign bonds, in a sign of renewed confidence in the Eurozone project. This helped the rally in European equities to continue and saw the dollar weaken against the euro (with the effect compounded by growing US inflation expectations). Dollar weakness saw gold stage a rebound following last week’s decline.
Global equities saw mixed performance, with US tech stocks — a common pandemic hedge — under pressure from expectations of a return to relative normality over the next months as vaccines continue to be administered (despite disappointing US employment numbers). Expectations that these companies would be likely to adopt crypto onto their balance sheets after Tesla’s first move stemmed the decline (Uber’s 2% fall following an announcement that they would not add Bitcoin to their balance sheet, but would consider accepting it as payment, demonstrates this point).
Indicators (5 February — 12 February)
- Invictus Margin Lending (IML): $1.18, +22.28% (weekly compound annualized rate)
- Invictus Gold Plus (IGP): $1.12, +1.27%
- Emerging Markets Solar (EMS): $1.21, +0.38%
- Crypto10 Hedged (C10): $4.46, +37.92%
- Crypto20 (C20): $2.49, +36.22%
- Invictus Bitcoin Alpha (IBA): $2.33, +32.05%
- Invictus Hyperion Fund (IHF): $0.238 (Updated Q4–20)
- BTC: $47,939.11, +29.71%
- ETH: $1,783.59, +11.71%
- GOLD: $1,826.50, +1.81%
- S&P500: 3,916.38, +1.15%
Invictus Optimized Equity Plus Community Feedback
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Other News & Links
- Invictus in the Press / News
1. Invictus Blog: Crypto20: A Diverse Crypto-Portfolio With A Single Token
2. Invictus is currently running a promotion for new investors. Sign up, verify your email and complete verification and you will stand a chance to win $1000 USD paid in equivalent Invictus tokens. Read more here!
3. We are excited to announce that the C20 / USDT trading pair has just gone live on HitBTC. Click here to trade now! - Italy’s 10-year bond yields hit new record low on hopes for Draghi govt
- Bitcoin to Come to America’s Oldest Bank, BNY Mellon
- Syntropy News
1. Syntropy in 2021 — A message from our CTO
2. Secure Network Connectivity Made Simple
3. Syntropy Stack Launches CS:GO Integration
4. Syntropy in January: Syntropy Stack, Syntropy Builders, Use Cases and more
5. Syntropy Developers
- Create an IoT network using the Syntropy Stack (Part 3): Using Ansible, Docker, Mosquitto, NodeJS and the Syntropy CLI
- Automatically setting up a secure connection between an NGINX server and a client using Ansible and Terraform - Why Mastercard is bringing crypto onto its network
- Tesla bought Bitcoin. Will Apple be next?
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