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.
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.
