As the cryptocurrency market approaches its lowest point since October 2017, Cryptochain Capital sees this as a prime opportunity to double down on our capital already deployed across the market.
Its our belief at Cryptochain Capital, that the crypto asset class is only in its infancy and the medium to long term outlook for this asset class is extremely bullish.
Given the current price of Bitcoin at sub USD6,000 and market capitalisation of all cryptocurrency assets just below $250 Billion, represents a great entry point to deploy further capital to the market. Similar to when we first entered the market in April, during that time the crypto market was again at the lowest point it had been since November 2017. This proved to be an excellent entry point as the market recovered by 44% that month which marked an exceptional first month of trading for Cryptochain Capital.
With restrictions on only being able to deploy capital on the first day of each month across the crypto funds we have exposure to, we’ve decided to deploy further capital from June 1, 2018. The amount of capital we will deploy will be equivalent to what we already have invested across these funds.
In deploying this capital, we will still maintain our balanced strategies between directional and market-neutral funds. What worked well in May for us, was managing some of the downside risk via engaging market-neutral strategies which take advantage of arbitrage and in particular price reductions across the market.
As we near the end of June which will be our first quarter with assets under management we hope to reach a positive return on investment that is above the benchmark targets and represents something of an achievement given the volatility during these time period.