Given we are at what appears to be the beginning of a quadrennial bull market, we thought it would be of value to share what we have done during October to obtain the best exposure during the run up to December / January and beyond.
At the time of writing this blog, Luke's Crypto Fund has achieved a return of 35.2% since October 1.
Our Crypto portfolio as at September 30, 2021 is as outlined in Figure 1 below:
Figure 1 - Crypto Asset Allocation Pie Chart
TRADING ACTIVITY
As can be seen in Figure 1 above, we have expanded our portfolio to include Ethereum layer 2 applications Polygon (MATIC), and Chainlink, stable coin platform LUNA, Solana, and Polkadot.
We have converted approximately half of our Bitcoin to alt coins, which we expect to outperform Bitcoin over the next 2-3 months. Solana and parachain platform, Polkadot are demonstrating rapid adoption, and we expect LUNA use to expand dramatically during the bull market.
OVERALL ASSET ALLOCATION
Our crypto asset allocation has increased over the past month, and we intend to allow the asset allocation to remain elevated into early calendar year 2022. Refer to Figure 2 below:
Figure 2 - Overall Asset Allocation Pie Chart
We will return to normal service in January, when we will report on Q2 results. Our focus over the next few weeks will be to develop our risk management strategy as Q2 unfolds in order to protect our capital during what we expect to be periods of high volatility.
Take care.
Regards,
Sean
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