With 2018 in the books, we can officially say that the Third Wave Digital Asset Fund was profitable for the year. While it is true that we got a late start with an inception date of 10/31/18, Bitcoin was trading at $6,310 then and finished the year at $3,700 – down 41% over the same term.
…we are seeing ETH put in a bottom and break higher on increasing volume. This is encouraging.
In April 2013, Bitcoin fell from $233 to $67, overnight. That’s a drop of 71%.
After that, you could buy a Bitcoin for around $120 for most of 2013 but by the end of the year you’d have to fork over more than $1,100 – Bitcoin was up more than 800%. Then from there the price dropped by 86% over the next year or so.
Bitcoin is down around 85% from its highs reached in December 2017, as of just a few days ago
I wanted to take a moment to congratulate our Portfolio Manger, Mr. Steven Orr on his new position as Senior Vice President at Benzinga!
The Wall Street Journal reported that starting yesterday (11/26/2018), Ohio accepts Bitcoin as a legal tender to pay taxes via OhioCrypto.com. This officially makes it the first state in the Union to do so
And now that the technology (blockchain technology, to be clear) underlying the crypto-craze is out, it is here to stay.
All aboard the Polar Express!