Are you brand new to Assertive Dollar Cost Averaging (ADCA) and have no idea what it means? Check out my original post where I explain how I leverage ADCA to stack gains within my own investment portfolio.
Eleven months have passed since I began comparing my Assertive Dollar Cost Average (ADCA) strategy against a normal dollar cost average strategy. Even during the recent crypto downturn, the ADCA strategy continued to outperform and delivered added gains to my portfolio.
Bitcoin's price has come out of its nearly 4-month slumber over the past two weeks and the flagship cryptocurrency is attempting to reignite it's bull run as we speak, pushing up against the 200-day moving average and attempting to solidly break through. In addition to improving price action, the Bitcoin ecosystem has seen several intriguing developments over the past 30 days:
The Grayscale Bitcoin Trust, long one of the main ways that corporations sought exposure to Bitcoin, underwent a large unlockof its shares. Many observers believed that the unlock would have a severe negative impact on the spot price of Bitcoin; however, those fears were unfounded and Bitcoin's price was rather unaffected in the end.
Square Inc. further proved their commitment to Bitcoin and Bitcoin development by announcing their intent to release a Bitcoin hardware wallet in the near future. While the specifics of the end product remain unknown at this point, Square is known for its Cash App, a rather user-friendly app for purchasing crypto, transferring money, and more. As a result, Square's Bitcoin wallet may make great strides in introducing existing users to the benefits of crypto self-custody.
Many participants in the Bitcoin mining space furthered their commitment to going green. As an example, the Bitcoin Mining Council released a report last month indicating that its members were using sustainable power sources in around 67% of their mining operations.
The S&P 500 has continued its slow upward price movement and has been a rather consistent performer over the course of my 11-month experiment. Governments around the world continue their accommodative economic policies and easy money has driven asset prices (and inflation) higher.
Gold's performance continues to be extremely lackluster. The poster child for inflation has been anything but and it remains to be seen whether the precious metal can recover its former status as an inflation hedge or whether recent performance is indicative of a long-term shift towards digital forms of wealth preservation.
What do the next 30 days hold for Bitcoin and cryptocurrency markets at large? Will Bitcoin continue to push towards its all-time high and break through to a new one? Only time will tell, but I invite you to follow me on my social channels below to come along with me on this journey:
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Because this is not investment advice and everyone needs to do their own research before investing in any asset, I will not be sharing the ADCA formula that I’ve chosen to use. However, feel free to follow the progress of the ongoing ADCA vs. DCA experiment on my Instagram @assertive.crypto.dca or my Twitter @thehififinance.
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