Thank you for your ongoing interest in the August Cove Investment Club!
I sincerely appreciate your support and am overwhelmed with the positive feedback and interest in the Club. Like a swarm of cyber hornets, we become more formidable with size. So please share with your friends and invite them to join - letβs grow our Club!
So, December has been excruciatingly disappointing for the entire crypto market. As you know, I was expecting a massive moon-shot and instead we got a cliff-fall that made it seem like everything was going to zero. Downside volatility is part of the game and it never gets easier to stomach it. This was partly driven by fear of the Fed raising rates and turning the money printer off (impossible to do). Web3/Crypto assets like BTC and ETH benefit from inflation and money printing. They also benefit from a risk on appetite from investors. However, they are also driven by their own network fundamentals which are only getting better every day. All Web3 investments are best entered into as a long term investment with dollar cost averaging. It seems we are on our way out of this dip and those that added to positions, I applaud your diamond hands and conviction.
Bitcoin is still my top pick, followed by Ethereum, Terra Luna, and the Mutant Ape Yacht Club. Terra Luna is mooning and is about $100 now (I shared my moon thesis at about $40). And the Bored Ape Yacht Club just flipped the Crypto Punks floor price (the lowest cost Bored Ape is trading for more than the lowest cost Punk). Also, Mutant Ape floor price is now around 10 ETH (up 4 ETH (67%) since I shared my moon thesis). Sadly, MicroStrategy options expired out of the money on December 17th (massive ouch), so I no longer have a position. However, MicroStrategy is still the best way to get exposure to Bitcoin outside of holding the real thing. I am still adding to my Bitcoin and Ethereum positions and expecting prices to hit new all-time-highs in January.
The next investment idea is THE most exciting decentralized autonomous organization (DAO) blazing its own trail and innovating on the new frontier of DeFi, economics, and game theory that could increase by >30x in the next year. If you havenβt already, please upgrade your subscription now to receive it.
Make sure to check out our YouTube channel for investment idea videos. And based on popular demand, I will do a video on crypto basics in January. It will cover all the key topics such as the best ways and exchanges to buy crypto, best ways to move it between wallets, and the best ways to store crypto.
Investment Video Archive
Investment Ideas Are Everywhere - Learn How to Spot the Signs
December Portfolio Update - Parabolic Phase Delayed to Q1 2022
To the moon and beyond,
Andrew