Hello and welcome to another edition of the TRU Capital newsletter. February was a busy month for us here at TRU Capital! Here's a quick recap before hopping into the action!
Our Co-Founder John Gillen, who recently left BlackRock to lead TRU Capital's Fundamental Analysis and Market Research Team, spoke on a panel on Venture Capital in Digital Assets at the Node 40 Digital Asset Summit in St. Petersburg, Florida. He shared insight and expertise gained over nearly ten years in digital assets and traditional finance.
We're excited to have him with us and this was the first of many opportunities to hear from him about the state of crypto and how TradFi is adopting this emerging asset class.
If you want to watch the recording of his panel and to book a time with our team to learn more about our fund, simply click the image or button below.
In addition to speaking at events, our team has been attending many in NYC such as Bitcoin Week, and Hedge Fund week in Miami speaking to many investors about our approach to Digital Assets.
So much so that we have decided to host our first webinar to help you cut out the noise and focus on having the right strategy for your portfolio.
If you'd like to attend our webinar March, click the button below to register!
We will be sending a recap post event, and as always if you'd like to invest along side us click the button below to book a time with our team.
February was another big month in the world of digital assets.
How it started:
How it's going.
The market saw both the largest liquidation event and largest hack in its history, meme coin fever reached unprecedented heights, and SBF came back to X to drop a thread about firing people from prison for some reason.
Let's break it down.
We anticipate approval for these in time but would remind investors that approval of a product does not equate to demand. Keep an eye on how this plays out and what investors actually end up buying.
All of this has been designed to extract liquidity from the market. However, now that
As we like to say in crypto, Bitcoin fixes this. Fraud like this is exactly why Bitcoin and blockchain technology are so important. They are a system of truth, not trust.
This ends the “regulation by enforcement” movement led by former SEC chair Gary Gensler who directed the SEC to mount investigations and litigations against Coinbase and several others. Now, a new crypto-friendly administration has taken over and incoming SEC Chairman Paul Atkins is much more pro-crypto.
ByBit was able to successfully service an additional $4bb of customer withdrawals, and as of today, they have replenished their reserves. An Initial investigation indicates that the hack exploited a vulnerability on the side of Safe Wallet, not within ByBit's infrastructure.
The takeaway here is first a reminder that how you custody your crypto is important. At TRU Capital, we partner with BitGo, an institutional-grade custodian that has never suffered a breach of security. Next, the way that ByBit went about resolving this was a masterclass in communication, transparency, and responsible fiscal management. This would have brought down a lot of others and it's a sign that crypto institutions are growing stronger and wiser that they survived.
Ondo Finance, the industry leader in institutional tokenization, unveiled a suite of infrastructure products designed to bring institutional capital markets on-chain. Ondo provided details on two key products: Ondo Global Markets, a tokenization platform that brings publicly traded securities on-chain, and Ondo Chain, a new “Layer 1” blockchain, purpose-built to support institutional-grade on-chain financial markets.
.This is a project to pay attention to. They're trying to rapidly onboard traditional finance into the world of digital assets. We expect RWAs to become a $4-30 trillion dollar part of the digital asset space by 2032, and to continue to grow rapidly from there. We intend to monitor this space closely.
Don't get shaken out. Swim with the whales. HODL.
I'm not going to list all of the news but I would encourage you to look into this yourself. Find what interests you. Educate yourself. There's always more to know in crypto and staying up to date with what's going on with the developer community is very important to be an informed investor.
The bitcoin price was $19,000 when this tweet was written just over four years ago.
The path for TRU Capital is simple. Accumulate high-quality digital assets now while they are undervalued and market sentiment is irrationally depressed. Distribute in great profit when accommodative fiscal and monetary policy are ending, not now when they are about to begin.
This is TRU Capital.
We believe capital is value, cryptography is truth, and Truth is priceless. "Buy the truth, and sell it not" - Proverbs 23:23 KJV
