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Lionschain Capital - Why Crypto Has Likely Bottomed?

May 2019

posted by Lionschain Capital
539

Lionschain Capital - Why Crypto Has Likely Bottomed


At Lionschain Capital, we employ qualitative and quantitative analyses to assess both the market and specific projects. We also keep a keen eye on the news flow and look for disconnects between meaningful developments and the market’s reaction.


We have previously outlined why crypto is interesting, and what the potential end games for this market look like. But even if the upside scenarios play out, the path to realizing the potential won’t occur in a straight shot. So how does one know when to start allocating and getting exposure?


Despite the exhaustive selling that pervaded 2018, beneath the surface foundations were laid for the industry to take a leap forward. Our view is that the start of 2019 is not a fluke or a bear market bounce, but is actually the beginning of the next stage of growth. Below we will review some of the key developments that have occurred over the last 12–18 months which strengthened the fundamentals of the crypto market, and which pave the way for the next market expansion (which we believe has very likely already begun).


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ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.