We continue to foresee Bitcoin trading between $25-$35k through the end of July. There are a few macro events that we are keeping an eye on until then. The Fed has two more meetings scheduled in mid June and late July.
We continue to standby BTC swinging between low $30Ks to upper $40Ks. Each time BTC trends down, the altcoins without substance will have their market cap reduced aggressively. The crypto market can stay oversold longer than most buyers can stay solvent.
We continue to standby BTC swinging between low $30Ks to upper $40Ks. Each time BTC trends down, the altcoins without substance will have their market cap reduced aggressively. The crypto market can stay oversold longer than most buyers can stay solvent. Bitcoin needs to continue to clean out the system.
If you were listening to the Bitcoin pundits in October of last year, you would have assumed it was on a rocket path to $100K by year end. That dream died the day after Thanksgiving, which we touched on here.
2021 was a dream year for crypto. The entire crypto market was able to sustain momentum built in the second half of 2020 and push the space to all time highs. Total cryptocurrency market capitalization reached a high of $2.8T in November after starting the year at just $800B.
For years the 60/40 portfolio has been the poster child of conservative retail investing. It was widely viewed as a “Goldilocks” allocation, one that was just right for most individual’s risk profile and one that would perform favorably under many macro conditions. It just so happens that we may be experiencing market conditions that make this portfolio the wrong choice for investors.
If you’re new to digital assets or simply looking for more guidance on how to incorporate this exciting asset class into your portfolio, DAiM has you covered with our year-end Webinar on November 19th, 2021. To go along with the webinar we are putting out a 2022 Digital Asset Playbook, which can be found...
This edition is different from our typical investment thoughts as we want to share with you our latest investment presentation. In it you will find a range of information that covers education to future price possibilities. There are a few custom charts we built that will catch your eye.
As of April there were 9 Bitcoin ETFs and you may think this is starting to be a competition. Who will get picked who won’t, ultimately a winner and losers. But this is not what regulators want to be involved in. Selecting a winner, and thereby saying they feel one company is better than the others, is not something they do. They want to be as far away from this as possible.
The motivation for the upgrade comes from the crowd pressing Ethereum to lower its fees and the hard core believers wanting it to be an alternative store of value to at a minimum retain value but better to have an easier time increasing in value.
If you’re looking for something to be thankful for this November look no further than the biggest Bitcoin upgrade in 4 years, Taproot. The core ideas have been kicked around for the past few years, however consensus to update the protocol was not reached until June with implementation coming in mid-November, at a block height of 709632 to be exact.