December 17 – December 23, 2020 | North iQ Newsletter

North iQ Weekly Newsletter is curated to provide insights on digital asset industry developments, market announcements, and performance analysis.

Bitcoin Valuation and Fundamentals

December 2020 – Despite Bitcoin’s recent all-time-highs, as well as the increase in bitcoin ownership announcements from corporations and investment firms alike, there remains no broadly accepted approach for valuing world’s largest public blockchain.

Read the report here.

Jefferies’ Head of Equity Strategy Trims Gold Exposure and Invests in Bitcoin

December 18 – The astonishing surges in the price of Bitcoin has lured investors to the cryptocurrency, including Christopher Wood, global head of equity strategy at Jefferies. Wood has decided to trim gold exposure by 5% in favour of bitcoin in his long-only global portfolio for USD-denominated pension funds.

Read the report here.

Musk Inquires About Moving ‘Large Transactions’ to Bitcoin

December 20 – Tesla’s Elon Musk inquired about converting “large transactions” of the electric car company’s balance sheet into Bitcoin in a recent Twitter exchange with Michael Saylor, CEO of Microstrategy and a prominent booster of the digital currency. Saylor even encouraged the billionaire to shift U.S. dollars to Bitcoin and “do your shareholders a $100 billion favor.”

Read the report here.

CME Announces Ether Futures Contracts

December 16 – The Chicago Mercantile Exchange (CME) announced it will launch a futures contract on ether, the world’s second-largest cryptocurrency by market value. Ether futures will be listed on February 8, over three years after bitcoin futures went live.

Read the report here.

Coinbase Taps to Goldman Sachs for IPO

December 18 – Digital currency exchange Coinbase has reportedly approached Goldman Sachs to lead its upcoming initial public offering. This potential support from Goldman Sachs could boost the appeal of cryptocurrencies to a broader mainstream audience.

Read the report here.

Open Interest in Bitcoin Futures Skyrockets

December 21 – ​​​​​​CME Group’s bitcoin futures surges 42% in a week, achieving a new record high of $1.47 billion in terms of open interest. The spike in the open interest implies that more money is flowing in the market, and traders expect a near-term rise in bitcoin’s volatility.

Read the report here.

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This Weekly Cryptoasset Newsletter is for informational purposes only and does not constitute, either explicitly or implicitly, any provision of services or products by 3iQ Corp (“3iQ”). Investors should determine for themselves whether a particular service or product is suitable for their investment needs or should seek such professional advice for their particular situation.3iQ Corp. makes no representation or warranty to any investor regarding the legality of any investment, the income or tax consequences, or the suitability of an investment for such investor. All content is original and has been researched and produced by 3iQ unless otherwise stated therein. No part of the content may be reproduced in any form, or referred to in any other publication, without the express written permission of 3iQ. All statements made regarding companies, securities or other financial information contained in the content or articles relating to 3iQ are strictly beliefs and points of view held by 3iQ and are not endorsements of any company or security or recommendations to buy or sell any security. No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. By visiting and/or otherwise using the 3iQ website in any way, you indicate that you understand and accept the terms of use as set forth on the website and agree to be bound by them. If you do not agree to the terms of use of the website, please do no access the website or any pages thereof. Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with 3iQ with respect to any linked site or its sponsor, unless expressly stated by 3iQ. Any such information, products or sites have not necessarily been reviewed by 3iQ and are provided or maintained by third parties over whom 3iQ exercises no control. 3iQ expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites. The information contained herein, while obtained from sources believed to be reliable, is not guaranteed as to its accuracy or completeness and confers no right on purchasers. Past performance of cryptoassets is not indicative of future performance and should not be used to forecast any return that an investor may realize.

Fred Pye

Frederick T. Pye


Frederick T. Pye is the Chairman, Chief Executive Officer and Director of 3iQ Corp. He is also the Chairman and Director of 3iQ Digital Holdings Inc. Mr. Pye is recognized for creating and promoting creative and unique investment products for the investment industry.

Mr. Pye has managed private client portfolios with Landry Investment Management and various other investment dealers. Prior to this Mr. Pye was Founder, President & Chief Executive Officer of Argentum Management and Research Corporation, a company dedicated to managing and distributing quantitative investment portfolios including the first long-short mutual fund in Canada.

He was also Senior Vice-President and National Sales Manager of Fidelity Investments Canada and an integral part of the team that saw assets rise from $80 million to over $7.5 billion in assets under management during his tenure. He also held various positions with Guardian Trust Company, which listed the first Gold, Silver and Platinum Certificates on the Montreal Exchange.

Mr. Pye obtained a Masters in Business Administration from Concordia University.