Course of Action!

Most of the negative sentiment recently has been priced in already and remember the markets are always forward looking. In the most recent FOMC meeting, there was confirmation from Chairman Powell that there will be ongoing quantitative tightening. As hawkish as this may sound, this was certainly not new information. On any new information of improved inflation numbers or easing of quantitative tightening, the markets will react quickly and furiously. REMEMBER! Retail sentiment tends to flow with recency bias and as of right now we can see oversold indicators in most markets. (Most equities that saw a large run up from Economic Stimulus are now below to Pre-Covid levels and Tech Titans such as Apple saw large sell offs). In addition, risk-off and inflation-hedge assets are currently overbought (Think Gold, Oil, T-Bills.) I won’t delve deep into any technical analysis (My line in the sand support has remained strong) but I will keep the action plan simple, executable, and winnable. Currently, we are seeing a lot of chop where neither Bear or Bullish traders are winning on a consistent basis. In this case, accumulating high conviction assets (Ethereum, rDPX, DPX, etc.) and DCA at range-lows can be the best course of action. That’s it! Do not sell your assets at distressed valuations, continue to add, accumulate, and have the same conviction and confidence in your investment you’ve always had.

Windfalls and Catalysts to Come! Devs are Building and Shipping.

Regardless of market conditions, developers and builders drown out the noise and will continue to design, innovate, and evolve in the Cryptocurrency space. The industry truly has the brightest minds and continues to attract talent from a tremendous pool of migrating human capital. Human capital flight aka Brain Drain continues to happen on a daily basis from elite firms such as Goldman Sachs, Bridgewater Associates, McKinsey, Citadel, and Apple to name a few. In addition there is a promising pipeline with an overflowing abundance of brilliant and young talent from schools such as Stanford, MIT, Harvard, Princeton, etc. The industry is still relatively young, disruptive, and truly has largely untapped potential. This is a great time to do some research and experiment with different chains, projects, developers, teams etc. I’ve compiled just a short list of upcoming of some ideas.

• L2 Airdrops, Cross-Chain, Migration (Arbitrum, Optimism, zkSync, StarkNet, etc.)

• rDPX v2, JPEG Vaults

• Exploration of Web3 utility (Gaming, Music, Art, Written Medium, Social Media, etc.)

• Upcoming ETH Merge

• Continued VC investment in the space. (StarkNet $8B valuation, Andreessen Horowitz $4.5B fund, Ripple IPO, etc.)

HAVE THE VINDICATION TO SUCCEED IN THESE MARKET CONDITIONS!