Here is the August update, in plain terms, with a few of your questions at the end. My aim each month is simple. I want you to finish this better informed and a little calmer than when you started, without any hype or doom. So let us walk through what actually happened, and what it means for an ordinary investor.
Bitcoin’s Month
Bitcoin spent the first half of August fairly quiet, trading around US$63,000. Late in the month, it pushed higher and briefly touched US$80,000 to US$81,000, its first time near that level since May, before easing back to close the month around US$79,000. It was a better month than the few before it, though one good stretch does not make a trend any more than one bad stretch does. Prices move in waves, and the sensible course is to watch the waves without letting them push you into hasty decisions.
Banks Edge Towards Crypto
For years, the big banks warned their customers away from crypto, and in Australia, some still make it slow and awkward to move money to a crypto exchange. A news story from the United States is therefore worth noting. In a single week, 39 state banking associations, which collectively represent thousands of US banks, announced plans for a shared blockchain network slated for 2027. Nothing has been built yet, so this is an intention rather than a finished product, but the direction is telling.
Around the same time, JPMorgan said it is weighing a digital dollar of its own, which is a type of stablecoin, while adding that there is no firm plan to issue one just yet. None of this changes anything for us this month. It simply shows that the institutions which once kept crypto at arm’s length are now studying digital assets seriously, and that is worth watching.
Goldman Sachs and a Bitcoin Fund
Goldman Sachs, one of the more cautious names on Wall Street, agreed to buy NEOS, a firm that runs a Bitcoin covered-call fund, in a deal expected to close in 2027. A covered call fund is a way to earn regular income from Bitcoin, though it comes with a trade-off worth understanding. In exchange for that income, the fund gives up much of the gain if the price shoots up. It may suit an investor who wants steady payments, rather than someone hoping for a big rise in BTC price.
Whether that particular product suits you or not, the broader point is the interesting part. Large and cautious traditional financial (“TradFi”) firms are now building crypto products aimed squarely at ordinary investors, including income investors such as retirees. Who said crypto was just for the young thrill-seekers? Maybe digital assets can also be good for Grandma.
A Scam Warning Worth Reading
If one item this month deserves your full attention, it is this one. ASIC, the corporate regulator, issued a warning that scammers are now using artificial intelligence to fake investment websites and even videos of well-known celebrities appearing to recommend products they have never heard of nor been involved in.
The upshot is that a quick online search is no longer enough to tell what is real from what is not. Before you send money anywhere, look up the company’s licence name and number on ASIC’s register, and make sure they match the business actually asking for your money. If someone rushes you, or promises a guaranteed return, treat that as a reason to slow down rather than to hurry. For what it is worth, we will never promise a guaranteed profit, and anyone who says they can, is either not licensed or not legal.
Crypto ATMs Paused
On a related note, AUSTRAC, Australia’s financial crime regulator, paused Cryptolink, the country’s largest crypto ATM operator, for three months. The suspension covers its 96 machines and relates to reporting failures rather than the machines themselves.
A Few Common Questions
Rather than fill the page with more news, I like to answer a few of the questions that keep landing in my inbox. If you have wondered about any of these, you are not the only one.
My friend says Bitcoin is backed by nothing. Is that true?
It is a fair thing to wonder, and the honest answer depends on what we mean by backed. The paper dollar in your purse is not backed by gold anymore. A dollar has value because enough people accept it, and because there is only so much of it in circulation. Bitcoin works in a surprisingly similar way, with one difference that matters. Nobody can quietly print more of it, because the supply is fixed and the rules are there for anyone to check. So Bitcoin is not backed by a bar of metal in a vault, yet it is not thin air either. Its value comes from being genuinely scarce and accepted by a growing number of people around the world, including major banks, Wall Street firms and even governments .
Is it true that if I lose my password, my money is gone forever?
Losing your passphrases is a genuine risk if you decide to look after the coins entirely on your own, and it is one reason many people hesitate to start. When you hold your own crypto, that passphrase, often called a private key, is the only way in. If you lose it, there is no bank to call and no reset button to press. The reassuring part is that this is exactly the sort of worry a managed fund takes off your plate. When you invest with us, you get access to dozens of digital assets. You are not juggling multiple sets of passphrases or lying awake over a lost key. The assets are professionally managed, and your investment is recorded in your name, much like any other fund you might own. You get the exposure to various crypto assets without the part that keeps people up at night.
Do I need to buy a whole Bitcoin, or can I start smaller?
You certainly do not need to purchase a whole Bitcoin in one go, and this is one of the most common mix-ups we hear. A single Bitcoin is over US$77,000, but you can own a small slice of one, in much the same way you might own a few grams or ounces of gold rather than buying a large gold bar for $140,000. Plenty of people start with a modest amount they are comfortable with and add to it gently over time. With our funds, your money is pooled with other investors, so it buys a spread of coins rather than a sliver of just one. The door is open whether you have a great deal to invest or only a little. Start with what feels comfortable, think long-term (5 years plus) and never invest with money that you might need next month.
Have a question of your own? Send it to support@bostontrading.co. We read every email, and the best of them end up here.
Our Funds Performance
August was a mixed month across the funds, with some higher and some lower. Here is where each one finished. As always, we spread every fund across many coins, so that no single one ever carries too much weight.
Boston (BOS)
Our flagship fund had a good month, rising as the stronger coins in the mix pulled it higher.
Bostoncoin price as at 31 August 2026: USD 55.64
DART
DART recovered well and climbed back above US$100 after a softer few months.
DARTcoin price as at 31 August 2026: USD 106.52
Polly
Polly, the conservative fund, eased back a little, having held up better than most through the earlier falls.
POLLYcoin price as at 31 August 2026: USD 88.62
Rafah
Rafah gave back some ground this month, in line with the softer end of the crypto market.
RAFAH price as at 31 August 2026: USD 74.49
Ashirvad
Ashirvad finished close to where it began the month.
Ashirvad price as at 31 August 2026: USD 79.23
Oysher
Oysher drifted only slightly lower and remains steady.
Oysher price as at 31 August 2026: USD 77.81
What We Are Watching
Two dates worth marking fall in the same week of September. The Federal Reserve in the United States meets on the 15th and 16th to decide on interest rates, and a few Fed members are now pushing to raise them. That matters to us because higher interest rates make cash and bonds more appealing, which can draw money away from assets like gold and Bitcoin for a while.
As mentioned, investments move in waves. In uncertain periods such as wars or recessions, funds flow into bricks and mortar, precious metals or bonds. In more optimistic times, money flows towards stocks, cryptocurrency or other digital assets. The key to wealth is to not try to chase all the waves. Position yourself correctly and allow the wave to come to you. This is why we always recommend diversification: a balanced portfolio and a balanced life.
That is the month in a nutshell. Our job has never been to guess the next move in the market, because nobody can do that reliably. It is to manage risk sensibly and keep you informed, so you can avoid the expensive mistakes that catch people out when they act on fear or excitement. Avoid chasing shiny objects, manage your emotions, and the rest tends to look after itself.
Get rich slowly. Stay wealthy forever.
Jeremy Britton
CFO & Co-Founder, BostonTrading
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