December 2022 Bitcoin Brief
Bitcoin ended 2022 down over 60%, which ranks as bitcoin’s second worst performing calendar year since the asset began trading in 2009.
January 17, 2023
May was another difficult month for digital assets, with bitcoin ending the month 18% lower.
May was another difficult month for digital assets, with bitcoin ending the month 18% lower. On May 4th, the Federal Reserve Open Market Committee delivered its largest rate hike (50bps) in 22 years in an effort to curb the highest level of inflation seen in the United States in nearly 40 years. This macroeconomic environment, coupled with the collapse of LUNA and the largest algorithmic stablecoin (UST), caused a broad sell-off in digital assets.
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There can be no assurance that any investment strategy or technique will be successful. Historic market trends are not reliable indicators of actual future market behavior or future performance of any particular investment, which may differ materially, and should not be relied upon as such. Target or recommended allocations contained herein are subject to change. There is no assurance that such allocations will produce the desired results. The investment strategies, techniques or philosophies discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.
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