IAU - There Is Merit To Putting A Little More Cash In Bitcoin

• The DOW is over 35,000, as equity markets are largely ignoring the Delta variant. Yet, the 10-year yield has declined sharply, suggesting bond investors are worried about the future.
• As a result, I continue to add very minimally to stocks, opting to focus mostly on under-represented sector ideas, muni bonds, and commodities.
• Bitcoin again fits in to this theme. It has had a rocky year, but has stabilized recently and sits about 30% off its highs. It seems like a reasonable entry point.
• Bitcoin still represents only a fraction of my total assets. Readers should remember, despite recent performance, this is a very volatile asset and is not for the faint of heart.

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