Letter # 91

Over the past week, two important events transpired. One, the global cryptocurrency market cap fell below USD 1 trillion (USD 3 trillion at its peak in October 2021), and below levels observed in January 2018. As of this writing, cryptos have not only halved from pre-Covid highs, but are at a four-and-a-half-year low.

Bitcoin, widely believed to be the hedge against the incessant currency printing by the central banks, has collapsed by over 70 per cent in under six months.
Read the full article here : Extrapolating the crypto crash to equities

Disclaimers:
Information in this letter is not intended to be, nor should it be construed as investment, tax or legal advice, or an offer to sell, or a solicitation of any offer to make investments with Buoyant Capital. Prospective investors should rely solely on the Disclosure Document filed with SEBI. Any description involving investment examples, statistical analysis or investment strategies are provided for illustration purposes only – and will not apply in all situations and may be changed at the discretion of the principal officer. Certain information has been provided and/or based on third-party sources and although believed to be reliable, has not been independently verified; the investment managers make no express warranty as to its completeness or accuracy, nor can it accept responsibility for errors appearing herein.