Blockchain Growth Index

🚨 Market turmoil because of the shut down of Silicon Valley Bank (SVB) 🚨

The regulator shut down SVB yesterday which caused sell offs in risky assets even in traditional financial markets and Crypto markets were down too 📉

Is it the first domino that falls and causes something bigger and worse? 🧐 Could be but must not… 🤓 it is very difficult to predict but risks are elevated!

What is most concerning is the depeg that can be observed from the stablecoin $USDC, which is currently trading roughly @0.88 🚨 Circle confirmed that they hold more than 3 billion of their reserve at SVB 😒

As always in such circumstances we play it safe and have reacted to it…

We reduce market risk & exposure and have therefore increased our USD position to 1/3 of the portfolio (up from 10%) ✅

Additionally, we hold our USD position now in $USDT and have sold the entire $USDC position ✅

We have recently rebalanced our strategy in response to the upward move in the cryptocurrency markets. However, despite this positive trend, we are remaining cautious and maintaining our current portfolio due to potential macroeconomic headwinds.

It is important to continue monitoring market conditions and making adjustments as necessary to ensure the success of our investments.

Yesterday, we sold our holdings in $SOL… 😅 We expect further down trend in price because of the fact that FTX was a huge supporter of it and that they have massive holdings of it. 📉

We believe that there is an asymmetric risk / reward situation and we prefer the safer path which meant selling it all. ✅

After another massive downturn we bought another 5% and added to $BTC $ETH and a few other alt coins. ✅

Long term interest rates have probably peaked and will come down in the next months and years which will help riskier assets.

Sentiment is also very pessimistic and we try to act contrarian to the mass of investors… 😎

The way back up is still very, very long and will be volatile… But patience and sticking to the long term strategy is key ✅📈🚀

We sold our 2% holding in $FTT today after the news that Binance takes over FTX because of liquidity issues and problems. ✅

The market is massively down 📉 and we bought into it by adding $BTC and $ETH. For the moment we feel more comfortable with the big names.

We believe that bottom is not that far away any more with markets down more than 70% from their highs. Macro is still a headwind and we still hold 15% in USD. Willing to buy back more in the future… ✅

The crypto market is down roughly ~70% from its November high… 📉😓

Remember: During the so-called „Dotcom-Bubble“ in the year 2000. The tech index Nasdaq lost 80% of its value. Amazon for example 90%. But you guys know which companies are now the most valuable ones? Amazon’s share price rose far more than x100 times since then. 😱

What is the best thing to do 🤓: Keep calm, use the low prices to buy cheap and, therefore, dollar-cost-average into the market. ✅

It will probably take one to a few years, but we are still convinced that we will somewhen in the future make new highs on the charts 📈 do not miss it… ⚠️😉😎

We do the same and are still buying month over month ✅

Regarding the portfolio: We used 5% of the cash to buy back into the market. We will probably continue doing so, while monitoring the market closely. ✅

We did buy into the market after the downward move of approximately 8-12% depending on the asset. 📉🫣

Have added to alternative layer 1 like $SOL $DOT $ATOM $NEAR ✅

We remain cautious and are still holding a cash position of 25% USD… 😎

The macro conditions as well as the outlook are still looking challenging. Massive inflation, slowing growth and heavier regulations around the corner. We do not believe in a soft landing of the US economy and therefore remain cautious in our asset allocation. 🥶

Still 30% USD, but have reduced $BTC weight by 5% and added it to $ETH. ✅

Be patient and if you also still believe in the long term opportunities then we recommend buying in to the market regularly. Use the low prices to dollar-cost-average in as we do it on a monthly basis. 😎

After the decrease in crypto prices across the market we reduced our USD cash position by 20%. Mainly increased the position in $BTC and $ETH. ✅

We expect the market to remain volatile and keep a very defensive allocation with 30% in $USDC and high weights in low beta positions such as $BTC and $ETH. Heavy macro headwinds and heavier regulations are still out there…

We still recommend to dollar-cost-average in… Now are the difficult but important buys in a long term perspective 😅 We keep accumulating! 💪🏼😎

Market heavily down… The attack on Terras UST stablecoin caused a massive sell of not only in $LUNA but also all across the market 😳📉🥶

We sold $LUNA before the massive drop and the 25% USD also stabilized our portfolio ✅

However, trust in $LUNA is gone and markets will remain shaky and very volatile in the next weeks. The whole story about Terra is definately very bad for the whole industry. Therefore, we added to cash and have now 50% in USD 👌🏼 We want to play it safe…