October Market Update
Crypto face-melting season is upon us 🚀🌖
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 - let’s grow our Club!
Thus far, Uptober has really stood up to its name with crypto assets aggressively rallying independently of equity markets. Since the last Portfolio Update that was released on September 23, Bitcoin is up 38%, Ethereum is up 27%, and MicroStrategy is up 25%. Last night, rumours spread about the SEC not looking to block the ~5 Bitcoin ETFs slated to be approved this month. If these are approved, we could see approvals for Ethereum ETFs cascade in the coming weeks. The timing of the approvals could not be better.
Bitcoin is still my top pick, followed by MicroStrategy, and then Ethereum. I am still adding to my Bitcoin and Ethereum positions and expect prices to go parabolic in November.
The next investment idea will be released soon and will only be available to paid members. This investment idea is another crypto asset that could increase by >20x in the next year. If you haven’t already, please upgrade your subscription now to receive the next investment idea!
Also, we are pumped to share with you that we will create a video presentation for each investment idea. Videos will be under 10 minutes, jammed with visual content, and will be a fun way to learn about the investment ideas. We will target to release each video to paid members in concert with publishing the idea at the end of each month. Free members will be able to watch the videos on our YouTube channel one month after the release to paid members. Alternatively, free members can join our Patreon Club and get real-time access to ad-free videos. Please check out our Bitcoin video and make sure to Like and Subscribe to the YouTube channel.
To the moon and beyond,
Andrew