Global Themes Review November 2021
Comment of the Day

November 08 2021

Commentary by Eoin Treacy

Global Themes Review November 2021

Eoin Treacy's view

A year ago, I began a series of reviews of longer-term themes which will be updated going forward on the first Monday every month. The last was on October 1st. These reviews can be found via the search bar using the term “Secular Themes Review”.

The metaverse has captured the imagination of many investors over the last month. It’s an online world that accepts real world money and is growing at an exponential rate. The value being created rests on the assumption someone will put more value on the space or bauble than you, at some point in the future. Stories of people making 1000x on their investments are not uncommon so it is understandably creating a great deal of excitement in the online community.

The fact this is occurring as an offshoot of the cryptocurrency sector is unsurprising. Bull markets find ways to continually increase leverage in the system. Binance, for example, recently limited leverage to 40 times but 100 times is still easily available. The introduction of futures-based ETFs for bitcoin and the options that trade on them has re-upped the leverage in the system. On top of that we have the money pouring into the NFP and metaverse offerings through the medium of cryptocurrencies.

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