Crypto portfolio update

Exposure: 100.0%

Net return: 822.3%

Comments: 2-3 weeks ago most CT influencers turned bearish, citing BTC's break below a 4-month range...

Beautiful, convincing stories were told (often accompanied by charts) about why a big crash was imminent.

This freaked out a lot of people who sold the break below the range, with many who even went short in anticipation of a rapid dump into the low $40ks.

Sadly, things worked out poorly for them.

You see, shortly after BTC dipped below the "4-month range", it quickly bounced back up and is now even about to test the range highs:

I've explained many times before how CT influencers have zero accountability (pay no cost) for their losing calls so I won't elaborate further here.

Personally, I remain bullish and have allocated the bulk of my portfolio into high quality, overlooked altcoins with 5x - 40x potential (entry prices and position sizing fully revealed in the private group).

While some short term volatility is inevitable, I think we'll see higher prices across the board soon enough.

Current allocation:

🏦 Ethereum ETF

Eight Ethereum ETFs launched this week and - similar to the Bitcoin ETF launch - saw strong selling from Grayscale which caused ETH to dip almost immediately.

It might take a couple weeks for the Grayscale selling to subside (and for prices to recover) but the mid-term future is bright for crypto as institutional capital is warming up to the industry amid an environment of greater regulatory clarity.

The inflows into the Bitcoin ETFs have been record-breaking and the Ethereum ETFs will likely perform well too.

The bottom line is not to freak out over short term volatility or pullbacks. Just stay in spot and chill. The banana zone is in sight.

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🧙‍♂️ Cyberpunk Lord of the Rings

Lord of the Rings re-imagined in a cyberpunk setting (video made by A.I.):

 Quote of the week

What starts as a temporary defeat can spiral into a permanent one.
Everyone knows failure. What separates people is how quickly they rebound.

- Shane Parrish

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

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