Digital Wealth Insider Portfolio Update May ‘24

First and foremost, thank you for your continued partnership on this investment journey. Your support is invaluable to us.

Fund Performance

The fund's performance this month was down 22% (net of fees). This reflects an annualized return of 59% since the fund launched in August 2023.

Market Update and Strategic Insights

As we hit the $60,000 mark in late February, there was a wave of excitement across the market. However, now that we’ve returned to this level, sentiments have shifted, and there's a noticeable unease. Despite these mixed feelings, it's important to remember that this fluctuation was anticipated.

As Predicted: Dive In at the Dip

• We Called It! Just as we predicted two months ago, the market has dipped by over 20%. This is the prime buying opportunity we circled in red on our March graph.

• Graph Insight: Check out the graph below showing our forecast and where we are today—exactly where we said we'd be!

Why This Matters:

• Opportunity Knocks: A >20% dip in a bullish market like this is a rare and golden opportunity. It's time to act!

• Fund Strategy: We're going aggressive, deploying new capital to maximize this dip. If you've just invested with us, you're perfectly positioned.

Thoughts on the Market

Increasing Investments

• Long-term Investors are Buying, indicating growing confidence in Bitcoin’s future. Accumulation wallets, holding more than 10 BTC and who have never sold, are seeing all-time high inflows.

• Stablecoin supply surpassed $165B, for the first time since 2022. This influx of new liquidity is a great sign for the crypto market.

Wider Adoption by Major Financial Players

• More ETFs, means more capital flowing towards crypto: The increase in ETFs means more capital flowing towards crypto, which should support or elevate crypto prices.

  • Hong Kong has approved investment funds (ETFs) for Bitcoin and Ethereum, which allows people to invest in cryptocurrencies similarly to stocks.

  • Franklin Templeton lists Ethereum ETF on DTCC, signaling readiness for trading. We are waiting for SEC approval which has been delayed until June 11.

• Visa and Stripe making moves in stablecoins: Visa released an Onchain Analysis Dashboard. While Stripe, a payment platform, has started accepting cryptocurrency payments.

  • Why this is a big deal: The increase in stablecoin usage should result in more capital onchain, potentially driving up the price of assets like Bitcoin and Ethereum.

Portfolio Highlights

Even in a down market we find outstanding performers within the portfolio:

• Railgun ($RAIL), part of our Privacy portfolio, is up 135% this month.

  • This growth is highlighted by Vitalik Buterin's recent $365,000 transfer to Railgun, coupled with his endorsement of the platform's core mission: "Privacy is normal." 

  • Railgun offers a privacy layer for DeFi transactions, making user activities untraceable. This feature is becoming increasingly important as privacy concerns grow within blockchain interactions.

Free Money: Airdrops

This month, the fund was allocated ~$14,000 from four Airdrops (Kamino Finance, Parcl, Renzo and EtherFi) as rewards for on-chain activities, benefiting our investors directly.

Fund Composition

The fund currently has 95 positions across 16 different blockchains.

Yield (interest awarded for various on-chain activities) is being generated from 30+ protocols. Managing this breadth is time-intensive but crucial for mitigating risks and maximizing returns.

~90% of all assets are secured via cold-storage, the industry’s highest standard for keeping assets safe. The other 10% of fund assets are on Kraken, known for their robust security standards.

Please visit the NAV LP Portal for access to your Investor Statements.

Dubai Token2049 Conference Highlights

Our team had the exciting opportunity to attend Token2049 in Dubai, where we gained exclusive backstage access to some of the industry's leading figures.

Typically out of reach for the general public, these influential founders gave us the chance for one-on-one interviews, thanks to our dedicated media team. We spent between 30 minutes to an hour with each, delving deep into industry trends and forthcoming developments for their projects.

Dubai Media Preview and New Media Channels

We’re thrilled to announce several new social media channels where we will be sharing these insightful interviews with crypto leaders, along with our expert analyses on investment strategies and industry trends. Make sure to follow us on LinkedIn, Instagram, and TikTok to stay updated.

See content from Dubai below.

Announcement / Update

Please make sure you check out our Podcast content at DigitalWealthInsider.com.

Additionally, there are links to social accounts at the bottom of the website where you can access our shorts.