💀 Is the 60/40 Dead?

ALSO: European Bitcoin Energy Association; Rich Dad, Bitcoin Dad; Banks Bitcoin Education; Argentina Bitcoin tax free; Real Bedford petition

February 02, 2024

Happy Friday - Here is your In A Nutshell from The Bitcoin Collective⚡️

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This Week’s Big Stories

European Bitcoin Energy Association
Rich Dad, Bitcoin Dad
Bank x Bitcoin Education
60/40 Stocks & Bonds

Source: EBEA

⚡️ European Bitcoin Energy Association

The European Bitcoin Energy Association (EBEA) has been established to promote the integration of Bitcoin mining within Europe's energy sectors.

The association shows how Bitcoin data centers can help stabilize the power grid and assist in methane mitigation, aiming to align Bitcoin mining practices with the European Green Deal.

Source: X

🤑 Rich Dad, Bitcoin Dad

Robert Kiyosaki, the author of "Rich Dad Poor Dad," advocates for Bitcoin as a hedge against what he sees as the systematic erosion of wealth by entities like the Federal Reserve and Wall Street.

But why is this important?

He’s relatable and trusted by many people. For someone with his influence to be advocating for Bitcoin, could potentially spark the curiosity of people who have previously been dismissive of it.

Source: Bitcoin Magazine

🤝 Bank x Bitcoin Education

The 130-year-old Volksbank Raiffeisenbank Bayern Mitte eG has partnered with the consulting firm terahash.energy to develop new Bitcoin-related offerings.

This partnership aims to leverage Terahash's expertise in Bitcoin and mining to enhance the bank's services and educate its customers on Bitcoin.

Source: ARK Invest Big Ideas 2024

💀 Is the 60/40 Dead?

Cathie Wood's ARK Invest suggests that the optimal Bitcoin allocation for portfolios in 2023 was 19.4%, a recommendation based on maximizing risk-adjusted returns.

This allocation represents a significant increase over previous years, which sat at 6.2% in 2022, highlighting Bitcoin's role as a diversifier in a portfolio.

The 60/40 split between stocks and bonds may not be dead yet but in today’s environment, funds are certainly upping their recommended Bitcoin exposure.

🔥 What else have you missed?

1. Milei strategically removes Bitcoin & cryptocurrency taxes from the "Ley Ómnibus" reform, aiming for swift approval.

2. A new independent report concludes that Bitcoin mining can improve access to electricity in rural Africa.

3. The Hong Kong arm of Harvest Fund Management, a major Chinese asset manager, reportedly submitted an application for a spot bitcoin ETF.

4. River released a short video explaining Bitcoin self-custody and UTXOs. Simple and relatable… we love it!

5. This week, we had former England Cricketer and two time Ashes winner, Tim Bresnan on the podcast for a discussion about Professional sport, travel and Bitcoin. Podcast. YouTube.

6. Peter McCormack has another battle on his hands, with Bedford Council deciding not to renew Real Bedford FC’s lease. Please read and sign the petition.