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Digital Assets Weekly: Staying the course

May 20, 2020 • 3 Min Read
Author
David Grider
David Grider


Our view on crypto markets has not changed since last week when we increased our FY 2020 Bitcoin price outlook to $16,500.


We saw a bit of bumpiness today when markets sold off after 50 BTC that had remained dormant since being mined in 2009 unexpectedly moved, spooking roomers of Satoshi selling coins. We’d dismiss this as an unlikely non-risk event and stay focused on the fundamentals.

Crypto still looks to be in the 2nd or 3rd innings of the next bull cycle. Market conditions broadly remain stable week-over-week, and thus our portfolio strategy recommendations for long terms investors remai...

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