Hi all. Update. It’s been a rubbish January for ALTS. Very good if you had the nerve to hold and buy more. It’s very early but sentiment seems to be changing these last three days and aligns with Bitcoin recovery and estimates for ALT coin upside start of FEB give or take a few days. FOMC out the way this Wednesday gone. Lots of bullish news for Bitcoin. ETFs continue. Strategic reserve talk. Banks now have clearance to self custody Bitcoin and crypto. Overseas taking US lead and incredibly at least one central bank is talking of have a reserve. So naturally that will have a knock on effect to quality ALTS. This is now nothing like 2021 and is starting to give weight to my previous thoughts about a much longer run, possibly this whole year or more. The only caveat is that in that time I would expect a number of drawdowns like the graphic of 2017 I've shown in my telegram group a number of times. Have a great week ahead. 👍
https://t.me/+hQj-T4pOnLs3MjI1