Today, I want to talk about what has happened this week with Bitcoin. I know I will lose many followers, I know many people who follow this newsletter say that I am biased because it is an asset that we have had in our portfolio for a long time, but to all the critics I'm going to say a few things:
It's my newsletter, and I feel like talking and being objective about what I see in the markets.
I believe being biased would be having more than 20% of asset allocation in this asset. We are far from that, so the principles of diversification that our portfolio follows are still present.
Lastly, I believe, just like Michael Saylor, that there is no one who has studied Bitcoin enough who is not a follower.
Today, I want to tell you about what has happened these days, and how it may not be a bubble.
Firstly, we were already talking last week that perhaps those who were buying Bitcoin en masse were not individuals, but rather, large institutions.
One of the main regulatory problems they have had un…