Good morning everyone,
It had been a while since our last update. There is a lot going on in the market like the Mt. Gox BTC distribution, ETH ETF approval, large up and down spikes in BTC due selling from the German government and the failed Trump assassination and Biden removal from the presidential elections. with the view that if Trump wins it will be crypto positive.
So where does this leave us? In a good spot. The coming weeks will most likely see some more volatility depending on how the Mt. Gox creditors react once they receive funds. Looking at the ETF flow there is good buying pressure to counteract this.
The market has not yet given the returns we anticipated, our view that is will has not changed. Historically speaking the strategy to buy BTC 6 months prior to the halving and selling one year after has been more profitable than HODLing, we are keeping this in mind and are setting our sights towards April 2025.
For now we will ride the market, unless significant changes happen we will hold our positions. Have a great day and till the next update.