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IT October | Newsletter
Expensive oil spoiled Uptober, and gold has a problem. Plus JPMorgan's 2027 outlook, attacks on hardware wallet makers, a new referral program, Auto Buy Plus and Turbo Buy Plus, and lab-made gold explained.
The value of crypto assets may fluctuate and investing in crypto assets carries a risk of loss. Past performance is not a guarantee of future results.
As the old Bitcoiner proverb goes, if Uptober doesn’t deliver, there’s always Moonvember. For Bitcoin, this October was the exception that proves the rule. It became the fourth October in the last 17 years in which Bitcoin did not close the month in the green. Other assets fared similarly. Let’s take a look.
📈 Market
Bitcoin will be the top asset in 2027
Analysts at JPMorgan, America’s largest bank, have ranked Bitcoin first in their forecast of the best-performing assets in 2027. With a very conservative growth estimate of 10%, they expect it to outperform the S&P 500, Chinese equity indices, gold and US real estate investment trusts. It is worth adding that until recently JPMorgan was strongly opposed to Bitcoin. They seem to have figured it out by now 😉 Source.
Higher oil prices weigh on investors
October’s drop in Bitcoin and tech stocks was triggered by a sell-off in AI-related shares. Rising US inflation and concerns about the Fed’s (the US central bank) next moves added to the pressure. Instability in the Strait of Hormuz is pushing oil prices higher, which in the US has fed into gasoline prices and annual inflation, which reached 3.7% in September. Markets were left uncertain whether the Fed would raise interest rates again. At its October 28 meeting, the Fed held rates in the 3.75 to 4% range, but markets still expect a hike in December. Source.
Hardware wallet makers under fire
Attacks on every front: hardware, software, supply chains. That is the state of play among hardware wallet makers. Tracking chips were implemented directly into Ledger devices in Asia, and Keystone lost the data of its entire customer database and will destroy 18,835 of its hardware wallets. Attacks on users are multiplying too, most often through phishing. Stay extremely vigilant and don’t get caught out.
Bitcoin price chart for October
The value of crypto assets may fluctuate and investing in crypto assets carries a risk of loss. Past performance is not a guarantee of future results.
📱 What’s new in the app
New referral program
If you invite a friend to Invity, you both get €20 in Bitcoin. Your friend also gets a 10% discount on service fees, and you earn 33% of your friend’s service fees. Learn more.
Higher limits, made simpler
We have changed the process for increasing limits in the app. It is now simpler, and the app guides you smoothly and in good time through providing the information needed.
Accounts, cards and Bitcoin addresses in one place
We have new overviews of your payment methods. In one place you will find all your bank accounts, cards and Bitcoin addresses. Each type of payout also shows how long it takes.
Download our app
More Bitcoin when it’s cheap, less when it’s expensive
Every investor would like to buy more of their favourite asset when it is cheap. The same goes for Bitcoin. Our Plus strategy can automate this. By tracking the 120-week price average, the recurring strategy assesses whether Bitcoin is overvalued or undervalued and sets the amount it invests for you accordingly. All within a price range that you define, of course. And you can see the results in your portfolio.
14.9%
On model data, the Auto Buy Plus strategy delivered 14.9% more Bitcoin to the investor than traditional DCA.
41.3%
The Turbo Buy Plus strategy then delivered as much as 41.3% more Bitcoin than traditional DCA over five years of investing.
41.3% is already worth paying attention to. You can find the details behind these numbers in our strategy comparison.
The value of crypto assets may fluctuate and investing in crypto assets carries a risk of loss. Past performance is not a guarantee of future results.
New collaborations
Bram Kanstein
Since October we have joined forces with Dutch Bitcoin creator Bram Kanstein, who publishes original videos and podcast interviews about Bitcoin in English as part of the Bitcoin for Millennials project. Bram has 31,000 YouTube subscribers from across Europe, and you can follow his work at youtube.com/@bramk.
Knut Svanholm
You can now also hear about us on the podcasts of Norwegian creator Knut Svanholm. Knut hosts the English-language Bitcoin Infinity Show, where Bitcoin is discussed with guests. The channel has over 6,200 YouTube subscribers, and you can watch the show at youtube.com/@BitcoinInfinityShow.
🎓 Education corner
Gold is a store of value because it is scarce. Really?
There is only a limited amount of gold on our planet. Its supply is spread evenly across the world, and it is hard to mine. That is why, throughout human history, it has served as a medium of exchange and a store of value. But what if it could be made?
What alchemists have dreamed of since the dawn of time has, in fact, been achieved. San Francisco startup Marathon Fusion announced that it had turned mercury into stable gold. The news went around the internet, even though many questions remain unanswered, such as how much gold was produced and how expensive it was.
Even so, the news raised a question. If making gold is just a matter of energy and technology, could gold lose its value in the future, much like synthetically produced diamonds?
As recently as 2018, a carat of an ordinary one-carat diamond cost roughly $6,300. Lab-grown diamonds, indistinguishable from mined ones, have since flooded the market, and their price has fallen by more than three quarters. Natural diamonds had become around 40% cheaper by 2025. Will the same fate await gold?
Probably not in the near future, but these events show us how important portfolio diversification is. Not only because of the declining purchasing power of money, but also because of technological progress, which can devalue some assets.
That is why it makes sense to invest your wealth in several trustworthy assets. For some people that may be government bonds, for others equities or gold. In our view, Bitcoin is definitely among these assets, and that is why we let you get it easily and conveniently.
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The value of crypto assets may fluctuate and investing in crypto assets carries a risk of loss. Past performance is not a guarantee of future results.
