1.Public Markets = pick the asset class ๐ค
Private Markets = pick the manager ๐ง
Mileage varies greatly across (but not so much within) asset classes for Public assets -- while mileage varies enormously *within* asset classes for the very opaque, illiquid, and idiosyncratic Private markets...
2.Bubble Bursting?
I previously highlighted when this chart was at its peak that this is either going to be a tipping point or tripping point for Bitcoin, and now it sure looks like a tripping point... ๐
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