Jacobi Asset Management

While the computational power required for mining has undeniably contributed to the growth and security of the Bitcoin network, it has also raised concerns about its environmental impact. The proof-of-work consensus mechanism, which underlies Bitcoin's security, requires miners to solve complex mathematical problems. This process consumes substantial amounts of electricity, primarily sourced from fossil fuels. Bitcoin miners are also facing significant pressure as profitability has reached an all-time low according to a recent JPMorgan report. In September 2024, Bitcoin miners experienced a 6% drop in daily block reward gross profit, on top of the 50% from the halving event in April. This amounts to roughly a $10 billion annual lost for the Bitcoin mining industry. In 2020, around 53% of the global BTC network's energy supply came from coal. This number was reduced to 46% in 2022, which was associated with a 34% reduction in the carbon footprint. However, the global BTC mining network is still very dependent on fossil fuels. Yet, some ETFs like our Jacobi FT Wilshire Bitcoin ETF provide exposure to Bitcoin whilst mitigating its carbon footprint. Our ETF uses Renewable Energy Certificates to reduce the carbon footprint of Bitcoin whilst also driving renewable energy demand. #BitcoinMining #EnergyConsumption #Cryptocurrency #Sustainability #GreenEnergy #RenewableEnergy #WednesdayTrends #JacobiAssetManagement

Tron is a token whose primary aim is to build a decentralised internet that supports efficient and secure digital content sharing. By doing so, Tron seeks to challenge the traditional centralised platforms that currently dominate the digital content distribution market. This initiative is grounded in principles of transparency, decentralisation, and user empowerment. A key feature of Tron is its robust blockchain protocol, capable of handling a high throughput of transactions per second. This capability is essential for supporting a wide range of decentralised applications and smart contracts. By facilitating a high transaction volume, Tron ensures a smooth and scalable environment for developers and users. The native cryptocurrency of the Tron network, TRX, plays a central role in its operation. TRX is used for various transactions within the network, such as paying for content or executing smart contracts. Additionally, TRX holders can participate in the network's governance by voting for Super Representatives, who are responsible for validating transactions and maintaining the blockchain. Tron's architecture is designed to be both user-friendly and developer-centric. The platform supports multiple programming languages, making it accessible to a broader range of developers. This inclusivity encourages innovation and the creation of diverse dApps that cater to different needs and interests. Tron has made significant progress in establishing strategic partnerships and expanding its influence. Notable acquisitions, such as BitTorrent, have enhanced Tron's capabilities and reach. By integrating with existing technologies and platforms, Tron continues to solidify its position in the blockchain industry. Security is another critical aspect of Tron’s network. The platform employs advanced cryptographic techniques to ensure the integrity and confidentiality of data. This focus on security not only protects users but also builds trust in the network, encouraging wider adoption. In summary, Tron represents a substantial advancement in the blockchain sector, offering a decentralised solution for digital content sharing and more. Its emphasis on high transaction throughput, user empowerment, and robust security measures sets it apart from other blockchain platforms. #Tron #Blockchain #Cryptocurrency #TRX #TechnicalTuesdays #JacobiAssetManagement

Zebu Live - London Web3 Conference was an intense 2 days! Thank you to Harry Horsfall, Ashton Barger and their team for organising such a successful event. Glad to see so many people coming from Traditional Finance joining the digital asset space and bringing their knowledge and expertise to this still nascent industry. Once you understand how Blockchain will disrupt ALL industries in the future, it is really hard to look back! Thank you again to my fellow panellists, Emma Collier, Michela Silvestri and Alan Boyd for a great discussion on stage! Representing Jacobi Asset Management #DigitalAssets #Web3 #Blockchain #ZebuLive

What a great couple of days in Amsterdam for The Bitcoin Conference. It was a pleasure to share the stage with James Van Straten and so many other great speakers. Thanks to David Bailey and the team for putting on yet another great show. Was an honour to meet Adam Back the godfather of Bitcoin! Roll on The Bitcoin Mena Conference in December! #bitcoinetfs

Zebu Live - London Web3 Conference SPEAKER Our Business Development Director, Marc FAUBEAU, is speaking at Zebu Live in London tomorrow! He'll be joining the panel to discuss how traditional industries can transition from Resistance to Renaissance by leveraging technology. Connect with Marc to continue the conversation! #ETFs #Web3 #Crypto #Blockchain #Zebu #JacobiAssetManagement

ETF inflows reach all-time highs More than $500 billion has moved into global ETFs in the last quarter. This far exceeds the previous $398 billion set in the first quarter of 2024. ETFs also set a record for inflows for the first three quarters of the year at $1.45 trillion. ETFs are increasingly being favoured by large institutional investors and for use in savings plans. A Citi report published earlier in the year estimated that the ETF industry could make up half the money currently held by long-term US mutual funds in the coming decade. At the end of August, the global ETF industry reached a new record high of $13.99 trillion, netting $130.06 billion in net inflows, increasing year-to-date net inflows to a record $1.07 trillion. These figures account for a 20.2% increase YTD in 2024, compared to $11.63 trillion at the end of 2023. August is also the 63rd month on consecutive net inflows. Amongst these net inflows, the top 20 ETFs by new net assets collectively gathered $55.24 billion during August, with Vanguard S&P 500 ETF (VOO US) gathering $7.88 Bn, the largest individual net inflow. #EFT #inflows #alltimehighs #financialnews #markettrends #WednesdayTrends #JacobiAssetManagement

Layer 2 solutions are an advanced tier of protocols designed to enhance the efficiency and scalability of blockchain networks. These solutions function atop the foundational Layer 1 blockchain, such as Bitcoin or Ethereum, addressing inherent limitations like transaction speed and cost, which are significant barriers to mass adoption and usability. At their core, Layer 2 technologies aim to offload the transaction processing burden from the primary blockchain. This is achieved through mechanisms such as state channels, sidechains, and rollups, each offering unique methods for handling transactions off-chain while ensuring the security and integrity of the main chain are uncompromised. State channels enable parties to transact directly with each other outside of the main blockchain, updating the ledger only when the channel is closed, thereby significantly reducing congestion and fees. Sidechains, on the other hand, operate as independent blockchains that run parallel to the main chain, allowing assets to move seamlessly between the two. Rollups aggregate multiple transactions into a single batch that is processed off-chain and then submitted to the main chain as a single transaction, enhancing throughput and efficiency. The sophistication of Layer 2 solutions is underscored by their ability to maintain the decentralised nature of blockchain while exponentially increasing its capability to handle a larger volume of transactions. This balance is essential, as it ensures that the foundational principles of security and decentralisation are preserved even as the system scales. Layer 2 solutions facilitate a broader range of applications, from micropayments and decentralised finance to gaming and NFTs, by providing the necessary infrastructure for swift and cost-effective transactions. This versatility is key for the ongoing expansion and practical implementation of blockchain technology across various industries. #Layer2 #Blockchain #Cryptocurrency #NFTs #Micropayments #BlockchainTechnology #Cryptocurrency #TechnicalTuesdays #JacobiAssetManagement

I am very honored and excited to be speaking at Zebu Live - London Web3 Conference this Thursday, 10th of October! I will be joining fellow panelists Emma Collier, Michela Silvestri, Alan Boyd, and Robin Russel to discuss how traditional industries can transition from Resistance to Renaissance by leveraging technology. If you are in London and eager to learn about Web3 and Blockchain, do not miss this event. Main speakers include, among others, Steven Bartlett, Raoul Pal, and Robby Yung—a fantastic opportunity to gain valuable insights! Representing Jacobi Asset Management . #Web3 #Blockchain #ETF #Tokenization

Our Co-founder, Peter Lane, is speaking on Thursday 10th October at The Bitcoin Conference Amsterdam 2024.   Peter will be diving into the debate surrounding 'The Rise of Bitcoin ETFs' in the Bull Arena at 11.30am. The talk is moderated by James Van Straten, Senior Analyst at Coindesk. If you are attending the conference, please connect with Peter to continue the conversation!   #ETFs #Crypto #Bitcoin #BitcoinETF #BitcoinAmsterdam #BTC24 #Amsterdam #JacobiAssetManagement

Comparing the 2024 price action of Gold and Bitcoin Gold has experienced substantial appreciation throughout the year, rising by over 28% since January 1st. These gains can be attributed to several key factors, including persistent inflation, geopolitical instability, and central bank policies. The increase in gold prices reflects its role as a traditional hedge against inflation and economic uncertainty. As inflationary pressures remain elevated, investors have flocked to gold to preserve their purchasing power. Additionally, geopolitical tensions have driven demand for gold as a safe haven asset, contributing to its significant price rise. In contrast, Bitcoin has risen by over 44% since January 1st. Bitcoin saw a notable increase in the first half of the year, driven by growing institutional adoption and excitement for the halving event. Major financial institutions and ETFs have continued to integrate Bitcoin into their portfolios, signalling confidence in its long-term potential. However, the price has remained relatively flat since the beginning of March. Whilst both assets have seen significant increases so far in 2024, a notable divergence between gold and bitcoin's price action has been their correlation with inflation. Historically, gold has been seen as a hedge against inflation, as its price tends to rise when purchasing power declines. However, in 2024, bitcoin has also exhibited a positive correlation with inflation, suggesting that investors may be viewing it as a potential inflation hedge. This shift in perception is likely due to a combination of factors, including the growing adoption of bitcoin as a store of value and the increasing recognition of its potential to appreciate in value over time. #Bitcoin #Gold #BTC #MarketAnalysis #InflationHedge #InvestmentTrends #SafeHavenAssets #WednesdayTrends #JacobiAssetManagement