Digital Assets Weekly: April 28th, 2020

Apr 29, 2020 • 6 Min Read

Please see important disclosures at the bottom of this report

Portfolio Strategy

Bitcoin and crypto markets have had a very strong week. We expect the strength could very likely continue over the next week and a half as we approach the Bitcoin halving on May 12th.

If you are a longer term investor without crypto exposure, this is still not a bad time to be dipping your toe in the water and gaining that initial allocation, but be comfortable with potential volatility risk and be able and willing to get more aggressive if prices find more attractive levels.  

On the other hand, if you are a long-term investor with a proper allocation to crypto, as we have discussed in prior notes, I wouldn’t be jumping in too heavily and chasing the market here to gain added exposure. These run ups usually take breathers and offer the opportunity for more attractive levels.

While I’m not recommending investors sell here, if you’re a nimbler trader who caught most of the recovery since we started recommending clients buy aggressively near the sell-off bottom, I wouldn’t blame you for lightening up and taking some profits over the coming days and weeks.

To be clear, we remain affirmatively bullish over the next 12 months. But in the immediate days before and weeks ...

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