• AML Foods Limited AML  + 6.95
  • Bahamas First Holding Limited BFH  + 2.46
  • Bank of Bahamas BOB  + 2.53
  • Cable Bahamas CAB  + 3.95
  • Commonwealth Bank Ltd. CBL  + 3.33
  • Commonwealth Brewery CBB  + 10.25
  • Doctors Hospital DHS  + 10.46
  • Famguard FAM  + 10.85
  • Finco FIN  + 11.38
  • FirstCaribbean CIB  + 15.99
  • Focol FCL  + 3.98
  • Focol Class B Perpetual Preference FCLB  + 1.00
  • J S Johnson JSJ  + 15.75
    ^IXIC 
    $10,983.78 
    ^DJI 
    $33,852.53 
    ^FTSE 
    $7,586.12 
    AAPL 
    $141.17 
    GOOG 
    $95.44 
    WMT 
    $152.97 
    AMZN 
    $92.42 
    CVS 
    $100.88 
    MSFT 
    $240.33 
    HD 
    $315.96 
Latest News   -

The Leno International Equity Sub-Fund Lists on BISX

LENO Successfully Acquires Bank of The Bahamas Trust Portfolio, Increases Assets Under Management to...

Trust Professional Dianne Bingham Named to Head New LENO TRUST

LENO help bring “Colours” to Bay Street

Leno donates to Regulators & Eagles Basketball teams

LENO’s Kudos to Cuda’s Swim Club

PM Congratulates Local Financial Services Entrepreneur – LENO Breaks Ground on 25 Million Corp...

Partner in Business Continuity Program Issues Commitment

LENO Head of Trust ‘COVID-19 Makes us aware of our vulnerabiliy, drives interest in estate pla...

Leno President Urges ‘Don’t Panic’, Out of Crisis Comes Opportunity

Leno Lauds Govt for Introduction of Digital Wallets for Social Services benefits

Leno Celebrates 10th Anniversary in Social Distance Style

Leno Marks 10th Anniversary with Pledge to Lead National Effort to ‘Put a Device in Every Child’...

Minister of Education thanks LENO LEARNING LINK donors, urges more to step forward to ‘put a table...

Colour it Selfless – Junkanoo Group Turns Its Annual Donation from Leno Back to Students, Putting ...

Information on transferring Bahamas Government Registered Stock from the Central Bank

Bamboo Shack, Bethel Brothers Morticians donate tablets

KFC, Dunkin’, Pizza Hut, Burger King, Myers Group Join Tablet Drive Urging ‘Let’s Put it Over ...

Citi, IOM donation enables students in poorest communities to attend virtual classes

Staff Appreciation Day

Bitcoin 101

When constructing an investment portfolio, diversification is essential to mitigate against investment risk caused by the natural price fluctuations seen in financial markets. In an effort to offset some of that inherent volatility, many investors naturally seek to hedge their traditional portfolio positions with alternative assets. The approach of adding to the portfolio mix from a range of alternative assets that are weakly correlated with traditional financial assets is what introduces the “diversification effect” to an investment portfolio, which reduces its overall risk.

Depending on an investor’s liquidity requirements, investment horizon and risk tolerance, one may typically allocate a portion of their invested capital to real estate, art, private equity and hedge funds, structured products, and precious metals, principally, gold. Realistically, most of these alternative asset classes are typically only accessible to or suitable for institutional investors. Because of that and because real estate and to a lesser extent, gold, offer greater accessibility, they tend to be the main drivers of diversification in mainstream investment portfolios.

Such was the case until the recent emergence of crypto assets, with the launch of Bitcoin in 2009 in response to the economic turmoil caused by the Great Recession. Mainstream retail investors were the first to see Bitcoin as a hedge, not only to their traditional investment portfolios, but also as a hedge against exogenous jolts to the overall global economy. Fintech platforms and exchanges supporting the unbanked and underbanked, tech-savvy early adopters, speculative investors, as well as the hardcore libertarians, were some of the early proponents who propelled the network to its current market position as a real and entirely new investible asset class, well before the likes of Wall Street took it seriously.

Over the course of its fledgling existence, Bitcoin has managed to concretely assimilate itself into global financial markets at an unprecedented pace for a new financial asset. The original cryptocurrency initially emerged in 2009 as “internet money”, freely sloshing around the World Wide Web in an open and permission-less peer-to-peer electronic cash system. Bitcoin now ranks handsomely among the ten largest world currencies, having gained entrenched adoption over a relatively short period of time, with over 1.1 million active wallet addresses conducting daily transactions. With the daily volume exceeding $10 billion, Bitcoin’s liquid market cap is approaching $600 billion, according to live market data from Messari.io as of January 24, 2021.

This strong momentum has continued to build unprecedented momentum much to the chagrin of many archaic central banks and stagnant financial institutions, with little exception (eg. Central Bank of The Bahamas with its Sand Dollar national digital currency), even as some of their rudimentary tactics lose efficacy, and bullishness on Bitcoin proliferates throughout global financial markets.

As we enter the first global recession since its inception, the environment for which it was originally designed to thrive, Bitcoin has securely nestled its way

Start The Conversation About Your Financial Future





    At Leno, we know that one size does not fit all. Our team of experts work to design the perfect plan for you. Let’s get you started on a future that you can be proud of...