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- Merry Christmas From BRC
Welcome to BRC’s Breakdown.
Today, we don’t have the usual market breakdown. We want to wish you a Merry Christmas 🎄.
Here’s how the market fared in 2023 (so far):
Crypto unsurprisingly was the biggest winner with – Bitcoin up by 160% and ETH nearly doubling. Equities, both in India and the US fared well as the Fed raised rates in 2023. Lastly, gold prices were up amid stiff geopolitical uncertainity.
We want to leave you with a few interesting reads from the BrownRice Capital team to end the year.
On what drives liquidity in the crypto markets, how to measure liquidity, and more importantly – what red flags to identify when gauging liquidity.
On how cryptocurrencies gained popularity in India, from 2008, the creation of Bitcoin, to 2022, the imposition of taxes on VDAs.
On the importance of asset diversion, not just with digital assets, for family offices and high-net-worth individuals.
