Dear Investors,

Various factors are pushing the price of crypto down.

Interestingly enough, the S&P 500 and NASDAQ keep hitting record highs. Why?

In This Letter

• Crypto vs. S&P 500 and NASDAQ

• So why are we falling behind lately?

  • Governments and Mt. Gox

  • Regulatory uncertainty

• Token inflation

  • Example

  • How does this affect the price?

• My Thoughts

Crypto vs. S&P 500 and NASDAQ

This is something we investors often watch —> Crypto vs. S&P 500 or Nasdaq.

And lately, the fight was not looking good.

S&P 500 is up 16.75% this year (YTD 2024), Nasdaq 23.18% and crypto?

Overall, crypto is up 31.7%*, with Bitcoin +35.62% and Ether +39.02% up even more, beating the market.

This is just to remind us that while it seems gloomy - the S&P 500 and Nasdaq are rising, and crypto is falling - we are still better than traditional stocks.

So why are we falling behind lately?