Bitcoin · CoinDesk
More importantly, it cut the maximum drawdown from −80% to −44%
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The implication for wealth managers is that bitcoin deserves a place in a diversified portfolio; the long-term return premium is real, and the diversification benefit is measurable.
Key facts
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- The team have made three public, timestamped market calls since 2022: the October 2022 cycle bottom, the July 2023 projection of a $125,000 target and the October 2025 bear signal, each grounded
- A cycle-aware long-only approach has produced a Sharpe ratio of 1.22 in backtesting versus 0.82 for buy-and-hold over the same 15-year period
- The question is whether that 5% is deployed at 100%, 50%, or 0% at any given point in the cycle
Summary
You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. In today’s newsletter, Markus Thielen from 10x Research explains why a cycle-smart strategy outperforms traditional Dollar-Cost Averaging for bitcoin. Then, in “Ask an Expert,” Eric Tomaszewski from Verde Capital Management, shares why advisors should look past surface-level numbers to find where real value is growing. If you have two minutes, TrackInsight is benchmarking how advisors are incorporating crypto ETFs into client portfolios. The same playbook that works for the S&P 500 is destroying capital in bitcoin.