Insights

BlockBay Capital portfolio update July 2022

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The BlockWealth portfolios achieved a positive return of between the +20% and +38% in June.

After a bad period, there has been some recovery in the crypto market with the total market capitalization now above the $1,000 billion mark.

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BlockBay Capital portfolio update June 2022

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The BlockWealth portfolios achieved a negative return of between the -29% and -37% in June.

The market went into a further downward spiral over the past month that really kicked off in May due to the implosion of the Luna ecosystem.

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BlockBay Capital portfolio update October 2021

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The BlockWealth portfolios achieved a positive return of +31% to +37% in October.

There were a few milestones for Bitcoin in October. First thing was the new all-time high for Bitcoin of $67,000. The second thing is the approval of the first Bitcoin Futures ETF by the US regulator. The ETF was able to count on investor approval, with more than $1 billion in inflows into the ETF in its first 2 days. The first applications from market parties for a Bitcoin ETF have been out for 7 to 8 years now, this new development is a new step in the legitimacy of Bitcoin for institutional investors in particular. In addition to the price developments, there are two other important developments that are relevant, namely the metaverse and inflation.

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