Date: 8th December 2023
Dear All,
I’m happy to confirm that the fund is now 100% allocated to Bitcoin.
We had been waiting for a price pullback (which didn’t happen) to allocate the last 22.85% of funds.
However as time progresses, this pullback looks more and more unlikely to happen.
Does this mean that it won’t happen?
Absolutely not. We can not predict the future, and the lower the time frame the harder it is to predict.
And what you can be sure about is the volatility which exists in Bitcoins price discovery, meaning that future price pullbacks are almost a guarantee.
However, when all data points are considered, I feel like it doesn’t make sense to have any cash position and to be entirely in Bitcoin.
All the best,
Adam