A crypto hedge fund analyst at Adaptive Capital says the notion that his firm “invests” in cryptocurrency is mistaken.
According to Willy Woo, Adaptive Capital strategically plays crypto boom and bust cycles and doesn’t simply make investments with the intention of holding on forever.
However, when it comes to anyone looking to buy crypto for the long haul, Woo says he believes there’s little chance Ethereum, XRP or any altcoin will outperform Bitcoin.
“Crypto asset investment is a misnomer. It’s unlikely any crypto asset will outperform Bitcoin over a long arc of time so in order to get alpha it’s really an active trading strategy.
Adaptive does not invest, we trade with the latest learnings in on-chain / fundamental signals.”
Back in December, Woo released a set of on-chain analysis that he says indicates BTC is entering another bull phase.
“On-chain momentum is crossing into bullish. Prep for halvening front running here on in. Can’t say what this indicator is, as it’s proprietary to @AdaptiveFund , but it tracks investor momentum. The bottom is mostly likely in, anything lower will be just a wick in the macro view.”
Woo says Litecoin’s price action may foreshadow what’s to come with Bitcoin.
“Using on-chain investor activity, which gives a read of where this may go; LTC is already very bullish, while BTC is still consolidating around an early bullish swing. In a nutshell, I’m expecting a bullish run in BTC lead by LTC as a confirmation signal.”
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