The co-founder of Ugly Unicorn, a crypto investment fund, argues crypto isn't dead but in a cyclical dip. Bitcoin is up 21% year-to-date, and institutional moves like Aave at a Federal Reserve conference and BlackRock's partnership with Ondo Finance signal a potential rally by year-end.
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Is alt season over? Is crypto dead or is it just getting started? Now you guys know me and Dan run an 8-figure crypto investment fund. We've run this thing since 2022. Dan's been in the market since 2013. I've been in since 2017. We've seen cycles like this in the past. I'll give you our thoughts on what at least we think going forward. Many people, including us, have been pointing to an alt season where a lot of these smaller tokens run. If we look at year-to-date performance, Bitcoin's at 21, Ethereum's at 23, and kind of look down the line. We've seen, you know, mixed bag on the top 15 coins. Go down the line further. SUI, Avalanche. I mean, these are decent. We think pretty darn good protocols. Avalanche, for example, California is looking to digitize 40 million car titles on Avalanche. The token's down 41% this year. Down the line further, the AAVE was talked about today at the Federal Reserve conference. Talking about how they want to integrate Aave into global payment systems, down 20 plus percent this year. Ondo Finance partnered with BlackRock, down 42 percent this year. So we are seeing a mixed bag across. These are multi-billion dollar tokens here. Is it dead? Is it just we're going to go through this cycle or not? Well, if you look at the four-year cycle stacked on top of each other, it would be very strange if this 2025 cycle just kind of gave up and died. Uh, if you look at all previous cycles, we see these major huge run-ups. Actually eerily looks similar to 2020. We saw a major dip in 2020. We just barely saw a major dip in 2025. We think we could see a huge run-up here as soon as the end of the year. But again, crypto is volatile. It's hard to predict the future. But as far as us with our fund, I mean, we still think we are well in a great position. Crypto is being adopted at mass scale. Have even the Federal Reserve holding a crypto conference today. I mean, this makes us super bullish on this emerging technology in the future. Yes. Will there be chops? Yes. Will there be ups and downs? Yes. But overall, we are so— we think so early on this adoption. Now, I could be totally wrong, but this is what we believe with, with our fund, with Ugly Unicorn. By the way, if you want to talk to us, we only work with people that are accredited investors or qualified purchasers. But you can message me or Dan, let us know. We can hop on a call if you want to learn more. about our fund. Fund minimum is only $100,000. Most of these videos are not for people that are getting in our fund. We just try to make good content to help more people understand the crypto market and what is going on. This is helpful. Share with a buddy that's maybe stressing out with crypto right now. I still think we're gonna have a really fun time here in crypto in the future. I don't know the exact date or time, but I do know we are in the season and it should be pretty fun.
