Against the Ropes
Jun 15, 2023
• 7
Min Read
Coins Face Additional Turbulence
Last week, we seized the opportunity to "buy the fear" in response to the SEC lawsuits targeting major crypto platforms Coinbase and Binance. In our Core Strategy, we decreased our allocation to stablecoins to 10% and lowered our allocation to alts from 17.5% to 7.5%. This turned out to be fortunate timing on our part, as altcoins continued to face significant losses over the weekend. Moreover, we were wise to keep some funds available for potential further market downturns, which we indeed encountered.
As demonstrated by the asset performance table below, regula...