Howard Marks published his new memo on the U.S. fiscal deficit and pathways to resolve it, including questions on crypto allocation for diversification. Not all cryptocurrencies are the same; Bitcoin should be mentioned specifically as an emerging store of value akin and complementing gold in a portfolio. We published a report on Bitcoin in modern portfolios here: https://www.21shares.com/en-us/insights/the-evolution-of-digital-assets-and-their-role-in-modern-portfolios