We have been long Bitcoin and have therefore cut part of our position as we have dropped below the $10667 key support level. We were seeing Bitcoin as a safe haven to the US/China trade war and fall in equity markets but Bitcoin has dropped so we are re-assessing at this stage and believe it is better to be cautious at present in such an unpredictable and volatile market. However, long term we maintain our long view and will look to increase our position if the market fall below the $10000 psychological level.