Deep Knowledge Investing Monthly Depth Report – July 2023 Letter – Mid-Year Review Of Key Issues

Monthly Depth Report – July 2023

Mid-Year Review Of Key Issues

We’re taking advantage of the summer lull to bring you more detail on some of the key issues that will affect the investment landscape in the next few months. That means a macro focus right now, and next month, we’ll be able to address earnings from most companies we find interesting. Plus, what’s wrong with young people these days? I’ll report on a day with the DKI Interns.

Big Institutional Firms File For Bitcoin ETF

When DKI recommended buying Bitcoin (CRYPTO: BTC) a couple of years ago at half the current price in dollars, part of our thesis was the coming institutional acceptance of the asset. We hypothesized that even small percentage allocations from firms managing trillions of dollars would overwhelm Bitcoin trading where the current issuance is about 900 coins a day. With fixed supply and a deflationary issuance schedule, the only way the market can adjust to greater demand is higher prices.