July Newsletter 2023

Algoz July Newsletter 2023

Last month I highlighted many of the stories you may not have seen that looked, to us, like the green shoots of recovery for the Crypto industry. I am delighted to report that things have just got busier in the Crypto space and we are all starting to feel quite bullish again. Why? A number of reasons, firstly because :
We follow Marcus Thielen at Matrixport quite closely. He was right about the move from $16,000 to $30,000 for BTC and this is what he says about the current situation.
1) Our Bullish indicator was triggered for the 5th time. Predicting that we will enter a new Bitcoin bull market.
2) There have been four Bitcoin bull markets (2011, 2013, 2017 and 2021) and the ‘one-year high for the first time in a year’ signal has predicted each of the last three. They all started in SEA – where China has just again opened up retail in HK to crypto.
3) On June 22 2023, Bitcoin made a new one-year high, marking the first time in a year. This signal has been triggered four times and in all four cases, the bull market fully unfolded within 12-18 months.
4) If history is any guide, then, there is now a 100% probability that by the end of 2024, Bitcoin will experience another massive bull market with a price target of $125,000 (+310%) — based on the previous three signals. – His words not ours!
5) The signal also predicts two months of consolidation before the rally starts. By then, many will have forgotten this powerful signal.
Couple that with 
XRP winning its court case to prove it is not a security, against the SEC ( this is big).
Bloomberg released a report that suggested that if the Spot ETF applications by Blackrock, Fidelity, Invesco and others are successful, that this could stimulate as much as $30 trillion of demand within Crypto?
Standard Chartered suggested in their report that BTC would be over $120,000 in 2024 – they didn’t need to make this call.
The last two months have seen net inflows in to Crypto for the first time in 12 months.
Larry Fink – CEO Blackrock now thinks that BTC is digital Gold!
And finally 
The Singapore regulator has declared that all Crypto Assets held by managers on behalf of clients must be held in trust – brilliant news for us, as our Quant Pro product does exactly that. 
Very shortly we will launch, officially, Algoz Quant Pro but if you would like to know more about the only Crypto investment product in the market that totally eliminates exchange and management counterparty risk whilst giving you access to our four proven strategies and instant recall to your coins when you want them, then please get in touch.
We are incredibly proud of the development of Quant Pro and our ability to manage strategies which saw us win yet another award from Hedgeweek last month. This combination separates us from our competitors as we put customers’ security and safety first at all times.
This is my diary link  :
I would enjoy the chance to chat and to share even more insights into the current Crypto marketplace.