Consolidating Crypto Assets

The last year has surely been an interesting time to be in the Crypto asset class. It quickly brings back memories of the 2017 bubble and subsequent bear market. The bear market has lasting effects personally as loss is always more heavily weighted when measured against gains. However, the magnitude of the recent gains have surely brought back the excitement from those days with an increasing sign of more participation and adoption. In addition, the great development by many projects have lead to an exponential growth of usage which in the end is truly what determines value.

However, valuations models for the asset class continue to be very questionable for many projects. While projects like DEX clearly now have their cash flows which allow some valuation models to put a price on their utility, others are still a function of supply and demand. Demand continues to lead given the increased adoption and acceptance of many pockets of investors continuing to join the asset class with even small exposure. The reality of FOMO is something that continues to be present as well.

However, once again, I am personally reminded of the subsequent bear market and pain caused last time. Just like last time, I have been looking at my positions and holdings to determine any opportunities to really consolidate. I feel that my lack of keeping up with a number of important breakthroughs like DeFi and others, has left me having a very high opportunity cost while also exposing me to lower future expected returns. Therefore, I find myself researching these concepts more as of late.

My thought is currently at taking some of these lottery tickets I have accumulated over the past couple of years as well as some not so well understood holdings to consolidate for the future. Where they land is yet to be determined but I am happy looking at allocating to my core positions or even Stablecoins to ensure I maintain my monetary sovereignty which I believe will be increasingly important in the near future. In fact, I may even trim some core positions to take profits just in case as well. While I do not enjoy paying taxes, I take taxes as being a positive metric in that I am growing my capital (I know, controversial).

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