Sypto | Update: July 2023 | Crypto Investment Strategy |

July was indeed an eventful month, marked by various significant developments in the crypto market. The month witnessed a flurry of activities, including SEC lawsuits, court rulings, interest rate hikes, and an ongoing war.

We entered July with two open positions and soon capitalized on a brief rally triggered by a favorable court ruling in favor of XRP. As a result, we invested in eight coins. However, the rally proved short-lived, and most positions ended up in the red. Fortunately, the profits from XRP helped mitigate some of these losses.

Overall, the month ended up flat, with the only positive aspect being BTC and ETH. Despite facing several hostilities, they held their positions in a remarkable display of resilience, something that crypto lovers would cherish!

We continue seeking better opportunities, confident that a long rally still awaits.

Stay positive and invested, remembering Warren Buffett’s wisdom: “The markets are designed to transfer money from the active to the patient.”