The old saw about how one should buy when there is blood running in the streets was quite true with respect to the FTX collapse thirteen months ago. In retrospect, we can see that anything and everything related to crypto was a total bargain, and they’ve all gone up hundreds, if not thousands, of percent since then. It’s like 2021 all over again. I would say, however, that our rainbow friend seems to suggest it’s more likely that BTC ease back over the coming months before making another thrust higher.(Click on image to enlarge)
That hasn’t happened quite yet, so all equities related to crypto have likewise been roaring skyward, such as Marathon Digital, shown below. Slope’s own Director did great with call options on this sucker.(Click on image to enlarge)
I’d suggest taking a look at the relative performance amongst crypto-related equities. For instance, below I’ve charted , , and together. A direct comparison like this might help one decide, for instance, which of them are most vulnerable (and thus most appealing as a short) or, conversely, which one is the heartiest to buy after the next pummeling is over.(Click on image to enlarge)
More By This Author:
Crypto-Equities
