Crypto portfolio update

Exposure: 100.0%

Net return: 523.2%

Comments: It finally happened. After ranging for the last 7 months, Bitcoin finally broke to the upside and hit an ATH of $90k.

Exactly two years ago when Bitcoin was trading at $17k, a $100k target was unthinkable. Today, we are a mere 15% away from that generational milestone.

And with this renewed strength in Bitcoin, altcoin season is probably not too far off into the horizon.

So even though it's relatively early, I've decided to fully allocate into altcoins.

The idea is to be fully positioned before prices start running, not after (the opposite of what most people do).

A downside of this approach however, is having to sit through drawdowns since altcoins will keep underperforming until the bottom is finally in.

But, I think, as long as one buys into high quality, high conviction altcoins (rather than whatever is hot at the moment), one wouldn't be too unhappy 6 months down the line.

Whatever your strategy is, I wish you luck and may we all end up richer and happier this same time next year.

Current allocation:

Admin update

• If you missed the previous newsletter, you can read it here.
• New here? Join this newsletter for free.
• Want to join the private group? Click here

🥊 Mike Tyson vs Jake Paul

Mike Tyson and Jake Paul are scheduled to fight.

Despite the age difference, Tyson is on a different level.

Damn, son.

 Quote of the week

Failure is irrelevant unless it is catastrophic.

- Elon Musk

Thanks for reading, and have a great weekend.

Cheers,
Slowmad

P.S. If you have any questions or feedback, let me know at: chris[at]digitalslowmad[dot]com

Get future newsletter issues in your inbox: