Digital Assets Weekly: March 6th, 2020
Summary
Market Analysis:
- Crypto markets rebounded modestly this week and remain the best performing asset class YTD.
Portfolio Strategy:
- Crypto Emerging Markets are influenced by broader financial conditions but its idiosyncratic drivers and macro market cycle mater most long term.
Winners & Losers
- Winner: Tron's founder Justin Sun who executed a hostel takeover of Steem's decentralized social media network.
- Loser: Bitmex after the FCA issued a notice that the firm has been operating in the U.K. without permission.
Weekly Rant:
- Ripple CEO saying Proof of Work (PoW) is a 'Massive Waste' of Energy makes me cringe.
Financing Activity:
- Arweave raised $8.3M for its permanent internet content storage service.
- AlphaPoint raised $5.6M for its crypto infrastructure business.
Recent Research:
- Tom Lee: Tom’s Take on Crypto: Bitcoin Proving to Be a Macro Hedge
- Robert Sluymer: Crypto Technical Analysis: Pullbacks from 50-62% retracement resistance beginning to bottom
- Ken Xuan: Crypto Quant: Crypto Benchmark Indices Performance and Review
Market Analysis
Bitcoin rose modestly by 4.5% on the week, partially recovering last week’s losses and bringing its year to date return to 27.6%. Stocks and other risk assets sque...Articles Read 3/3
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