We are increasing risk a bit more because the market simply shrugs off negative news at the moment. 🐂🐂🐂
Mountains and Valleys tackles the cyclical nature of the cryptocurrency markets by rebalancing investments between fiat, btc and alts.
We are increasing our altcoin exposure on this dip (well, not much of a dip actually), as we believe this rally still has legs. We are staying along the main narratives we see forming: LSDFi, DeFi revival, Ethereum scaling. Unfortunately, we don't see a good way to represent our belief in the gaming and real world asset narratives here on Iconomi yet. We'll suggest some tokens to the team.
Bitcoin indeed broke out of its 8 month range and is now trading 2x above the November 2022 bottom.
It looks like it's time to calling it, even at the risk of making short-term fools of ourselves after this big move:
Welcome to the great crypto bull market of 2023- ca. 2025!
Over the next weeks and months, we will become more active again here at MAV and start diversifying the strategy into promising altcoins. We'll post updates about our general assessment of the market, major narratives, and individual tokens we pick.