Monday, March 27, 2023
[email protected]
 Fintech Zoom
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
No Result
View All Result
FintechZoom
No Result
View All Result

As the Stock Market Sinks, Is Investing in Cryptocurrency a Boom or a Bust? Expert Explains

James Albert by James Albert
November 8, 2022
in Press Releases
0

Home » As the Stock Market Sinks, Is Investing in Cryptocurrency a Boom or a Bust? Expert Explains

Denver, Colorado, November 7, 2022 — In September of this year, the S&P 500 closed at its lowest level in 2022, and the Dow Jones Industrial Average officially entered a bear market. This has left stockholders wondering how long it will be until we get out of the woods. As a result, many investors have turned their attention to alternative assets — including cryptocurrency.

“The best reason to invest in crypto,” says Josh Peck, founder of TrueCode Capital, is

“growth, growth, growth.” Peck explains that most investors consider crypto for diversification. However, since crypto is highly correlated with other growth assets, it’s not a good diversification in that regard.

As for investing in crypto as a hedge against inflation, Peck points out that Bitcoin is down 70%, while inflation’s at around 10%. “So that thesis does not hold up either,” says Peck.

RelatedPosts on FintechZoom

OCR Labs Global’s Zero Bias AI™ Tech Awarded Further DIATF Certifications

Three New Associate Partners Join The Fintech & Payments Advisory Network

Equals Group announces a positive trading update with revenues up 59%

Global invoice financing group enables clothing giant to grow during times of economic recession

Revolutionizing Finance: STX Next on transforming the financial sector with Cutting-Edge AI & ML

Stubben Edge acquires Insurercore to expand tech offering

What he does believe makes a great deal of sense is for investors to peel off a portion of their NASDAQ allocation of high-growth stocks or bonds and consider putting that into cryptocurrency for growth.

“Anytime you allocate to another asset class, you’ll get some benefit to your portfolio and some negatives. So the decision, in my opinion, is not whether I should invest in crypto or not. But rather, how much should I invest in crypto? It’s more of a portfolio construction question,” says Peck.

“Historically, even a tiny percentage of crypto in a portfolio brings improvements to return,” says Peck. He points out that an investment in the S&P 500 has averaged about a 7% rate of return with about a 27% drawdown. If even a small percent of crypto is put into that mix, the return goes from 7.02% to a 7.37%. “What excites me about this is that 1% of the portfolio is providing nearly 5% of the portfolio’s total return,” says Peck.

But investing in cryptocurrency is not without its challenges and risks. Here is Peck’s take on the current state of crypto investing — pros, cons and takeaways.

Pros:

– To date, the crypto market has declined by over 70%, which in past bear markets has proven to be a good time to buy.  

– Bitcoin appears to be in week 18 of a bottoming process that lasted 20-30 weeks in past bear markets. Crypto markets tend to go off like a rocket, then crash. “The process does not terminate at one point,” says Peck. “It sells off and sits at the bottom for a period. We appear to be in that phase now. We can’t predict, but we can say that people who accumulate a little bit each month have done well in the past.”

– If Bitcoin returns to the former all-time highs, it could provide a 270% return from today’s market price.

– Mastercard Inc. recently debuted a service offering crypto trading tied to bank accounts. As more big players get into the game, institutional adoption rises. This has historically been positive for price. Essentially, we are inching our way closer to people being able to buy crypto in their everyday brokerage accounts.

Cons:

– Bitcoin dominance has begun to increase, a hallmark of past altcoin capitulations. This crash may not be over.

– Bitcoin’s 200-week moving average has not held. Bitcoin’s price is 23% below the 200-week moving average, which historically was the bottom of past markets. Is this market cycle different somehow? Is the crypto game over because that support level did not hold?

– The Bitcoin crash happened sooner during this market cycle relative to the next halving than during previous cycles, so the bottoming process may take longer than it has historically.

Takeaways:

– Be patient with altcoins and focus on top-tier cryptocurrencies such as Bitcoin and Ethereum.

– The long-term outlook is promising, but there may still be more short-term volatility to come.

– Accumulate a position rather than hoping to time the exact bottom.

About Josh Peck:

Peck is a first-generation family wealth manager and the founder of TrueCode Capital. He leveraged his background in engineering and applied mathematics to develop The TrueCode Capital Crypto Momentum Strategy for growing his private family portfolio.

After nearly a decade of testing, experimentation and live trading with his proprietary strategy, he opened the TrueCode Capital Crypto Momentum Fund LP to outside investors. His forthcoming Cryptocurrency Risk Management: A Guide for Family Wealth Managers is due in January.

Early in his career, Peck worked in academia in support of high-performance research computing environments, where he became a regional expert in systems engineering, cybersecurity and data engineering.

In addition to his work, he has been active in philanthropy through the Denver Mile High Rotary Foundation, where he served as treasurer and a member of the World Community Service committee where notably they were able to fund a refrigeration project in Nepal.

He has served as an advisory board member, angel investor and mentor for various venture clubs and accelerators and has invested in a diverse group of companies.

Peck received his BS in Computer Science from Pittsburg State University and his Master of Science in Engineering Management from the University of Kansas.

James Albert

James Albert

James Albert is a personal-finance analyst for FintechZoom and is based in New York. Contact: [email protected]

Related Posts

OCR Labs Global’s Zero Bias AI™ Tech Awarded Further DIATF Certifications

March 9, 2023

Three New Associate Partners Join The Fintech & Payments Advisory Network

February 15, 2023

Equals Group announces a positive trading update with revenues up 59%

February 15, 2023

Global invoice financing group enables clothing giant to grow during times of economic recession

February 15, 2023

Revolutionizing Finance: STX Next on transforming the financial sector with Cutting-Edge AI & ML

February 14, 2023

Stubben Edge acquires Insurercore to expand tech offering

January 20, 2023

Newly rebranded ONE Group partners with RegTech provider Know Your Customer

January 20, 2023

Private equity – private debt sector embraces self-serve technology – capital markets study

November 16, 2022

Zoho Finance platform hits 50% YoY Growth

November 16, 2022
Next Post
Gaming Cards | FintechZoom

An Introduction to Online Casinos

Person holding a Smartphone with Stock Trading app | FintechZoom

What Are Indexes? Examples, Uses, And Investing Guide

NYSE logo on screen | FintechZoom

What Is a Circuit Breaker in Stock Market and How Does It Affect the Trading?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • Advertise
  • Careers
  • Terms and Conditions
Call us: + 1 917 9939840

© 2016-2023 FINTECH ZOOM - WORLD FINANCE

No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO

© 2016-2023 FINTECH ZOOM - WORLD FINANCE