High Conviction Bets #4:
Portfolio Updates - Cut A Lot Of My Existing Positions...
Welcome to Week 3 of the series “High Conviction Bets”, where your trusty analyst 0xKyle (me) updates you with trade ideas and portfolio updates. Remember - at the end of the day, trading is a very individual sport, and you should always form your own opinions instead of fully piggybacking off others. Every coin in here will be sold to USD at the end of the day, so don’t go marrying the bag. That being said, let’s dive in.
GM. I hope everyone’s doing well. As we head into December and Christmas season (the best time of the year), I’d like to congratulate all of you who have remained here grinding throughout the bear market.
Like a kid unwrapping his present on Christmas, I can barely contain my excitement for the upcoming year - with the recent developments this week, I can safely say that the future of crypto has never been brighter.
To the world, crypto has always seemed like a murky lake. You don’t want to touch it, and you most definitely don’t want to step in it. With CZ’s departure, our lake is slowly getting cleaner.
Sure, you may argue that CZ didn’t do anything wrong. It doesn’t matter - it's a symbolic step towards a more mature and responsible crypto landscape. CZ’s departure is significant for trad-fi and for crypto as a whole because it shows that we’re becoming a “legitimate industry” - that we’re finally cleaning up after ourselves.
With each positive shift, the once murky perception of crypto is gradually transforming into crystal-clear waters, inviting more participants into the fold. The narrative is changing, and we're no longer the outsiders pushing boundaries; we're becoming the pioneers of a financial revolution.
With that being said, onwards and upwards (to the right).
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