There’s a lot of common ground between gold investors and Bitcoin investors, beginning with “store of value” characteristics. But their respective proponents are often at odds. Perhaps ByteTree Asset Management’s 21Shares ByteTree BOLD ETP (BOLD) will unite them around their shared loathing of inflation. Listed on the SIX Swiss Exchange, BOLD tracks a customized index comprising Bitcoin and gold via monthly rebalancing. The weighting at launch is 18.5% Bitcoin and 81.5% gold. In an interview with macro investor Michael Nicoletos, ByteTree CIO Charlie Morris argues that gold and Bitcoin can be organized to work in tandem, with one providing gains when the other takes a hit. Nicoletos and Morris also address recent developments in the crypto market and speculate on what the future holds. And Morris offers a theory about how crypto might have stolen underperforming silver’s lunch. Recorded on May 25, 2022.