As the Stock Market Sinks, Is Investing in Cryptocurrency a Trick or a Treat? Expert Explains

As the Stock Market Sinks, Is Investing in Cryptocurrency a Trick or a Treat? Expert Explains

In September of this year, the S&P 500 closed at its lowest level in 2022, and the Dow Jones Industrial Average officially entered a bear market. This has left stockholders wondering how long it will be until we get out of the woods. As a result, many investors have turned their attention to alternative assets — including cryptocurrency.

“The best reason to invest in crypto,” says Josh Peck, founder of TrueCode Capital, is
“growth, growth, growth.” Peck explains that most investors consider crypto for diversification. However, since crypto is highly correlated with other growth assets, it’s not a good diversification in that regard.

As for investing in crypto as a hedge against inflation, Peck points out that Bitcoin is down 70%, while inflation’s at around 10%. “So that thesis does not hold up either,” says Peck.

What he does believe makes a great deal of sense is for investors to peel off a portion of their NASDAQ allocation of high-growth stocks or bonds and consider putting that into cryptocurrency for growth.

“Anytime you allocate to another asset class, you’ll get some benefit to your portfolio and some negatives. So the decision, in my opinion, is not whether I should invest in crypto or not. But rather, how much should I invest in crypto? It’s more of a portfolio construction question,” says Peck.

“Historically, even a tiny percentage of crypto in a portfolio brings improvements to return,” says Peck. He points out that an investment in the S&P 500 has averaged about a 7% rate of return with about a 27% drawdown. If even a small percent of crypto is put into that mix, the return goes from 7.02% to a 7.37%. “What excites me about this is that 1% of the portfolio is providing nearly 5% of the portfolio’s total return,” says Peck.

But investing in cryptocurrency is not without its challenges and risks. Here is Peck’s take on the current state of crypto investing — tricks, treats and takeaways.

Treats:

– To date, the crypto market has declined by over 70%, which in past bear markets has proven to be a good time to buy.

– Bitcoin appears to be in week 18 of a bottoming process that lasted 20-30 weeks in past bear markets. Crypto markets tend to go off like a rocket, then crash. “The process does not terminate at one point,” says Peck. “It sells off and sits at the bottom for a period. We appear to be in that phase now. We can’t predict, but we can say that people who accumulate a little bit each month have done well in the past.”

– If Bitcoin returns to the former all-time highs, it could provide a 270% return from today’s market price.

– Mastercard Inc. recently debuted a service offering crypto trading tied to bank accounts. As more big players get into the game, institutional adoption rises. This has historically been positive for price. Essentially, we are inching our way closer to people being able to buy crypto in their everyday brokerage accounts.

Tricks:

– Bitcoin dominance has begun to increase, a hallmark of past altcoin capitulations. This crash may not be over.

– Bitcoin’s 200-week moving average has not held. Bitcoin’s price is 23% below the 200-week moving average, which historically was the bottom of past markets. Is this market cycle different somehow? Is the crypto game over because that support level did not hold?

– The Bitcoin crash happened sooner during this market cycle relative to the next halving than during previous cycles, so the bottoming process may take longer than it has historically.

Takeaways:

– Be patient with altcoins and focus on top-tier cryptocurrencies such as Bitcoin and Ethereum.

– The long-term outlook is promising, but there may still be more short-term volatility to come.

– Accumulate a position rather than hoping to time the exact bottom.

About Josh Peck:

Peck is a first-generation family wealth manager and the founder of TrueCode Capital. He leveraged his background in engineering and applied mathematics to develop The TrueCode Capital Crypto Momentum Strategy for growing his private family portfolio.

After nearly a decade of testing, experimentation and live trading with his proprietary strategy, he opened the TrueCode Capital Crypto Momentum Fund LP to outside investors. His forthcoming Cryptocurrency Risk Management: A Guide for Family Wealth Managers is due in January.

Early in his career, Peck worked in academia in support of high-performance research computing environments, where he became a regional expert in systems engineering, cybersecurity and data engineering.

In addition to his work, he has been active in philanthropy through the Denver Mile High Rotary Foundation, where he served as treasurer and a member of the World Community Service committee where notably they were able to fund a refrigeration project in Nepal.

He has served as an advisory board member, angel investor and mentor for various venture clubs and accelerators and has invested in a diverse group of companies.

Peck received his BS in Computer Science from Pittsburg State University and his Master of Science in Engineering Management from the University of Kansas.

Rugged Hank

Education Technology Day must be extended to prisons

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Typically thought of as being an easy to clean area of the home, hard floors have risen in popularity in recent decades. Globally, hard floors are the most common floor type,2 and research released today by Dyson has uncovered poor cleaning habits that mean hard floors are likely to be harbouring an array of hidden nasties. This comes as 32% of Brits – equating to 21.6 million people in the UK – will use the same dirty mop head for six months or more before replacing it. What’s more, one in 20 also admit to keeping the same mop for a year or longer, and one in 10 think it is acceptable to use the same mop 100 times, spreading dirt around their floors every time they use it. Cross contamination is a primary issue for most common and traditional mopping methods with germs and bacteria further being unknowingly spread around homes as Brits use dirty water to clean floors.3 45% only change the water to new water between rooms, whereas 41% wait even longer until it looks dirty. This could mean that floors are being washed with dirty water, adding more dirt rather than taking it away. Surprisingly, almost one in 10 (9%) even admit to not changing the dirty water at all when mopping. Over a quarter (28%) admit to mopping their floors once a fortnight or less while over half (53%) admit they don’t regularly clean behind appliances and leave dirt to build up for as long as six months at a time. image002.jpg On how to achieve a perfect barefoot clean feel after mopping, Geli Lee, Dyson Engineer and Home Cleaning Expert offers their top tips for eliminating dirt around the home: 1. Create a cleaning schedule to stay on top of dirt build-up. In the last year, there has been a 15% global reduction in the number of people who maintain regular cleaning schedules. 47% of the British public admitted to only being motivated to clean when they spot visible dirt or dust.4 Regular floor cleaning with a wet hard floor cleaner like the Dyson WashG1™ removes more stubborn dirt than vacuuming alone. It is important to have a debris free surface, clear any clutter from the floor or other surfaces. Choose the right machine: Different vacuums are designed for different floor types and home sizes. Some machines will be engineered with hard floors in mind and will struggle on thick pile carpets, for example. Choosing the right machine for your home will make a big difference to the ease and speed with which you’re able to clean your home. Clean your floors ‘little and often’. Washing your floors frequently in areas that receive more foot fall will help to stop dirt building up and getting trodden into your floor. Using a dedicated wet floor cleaner on hard flooring such as the Dyson WashG1 is helpful for this, as the versatile format means it vacuums and washes the floor simultaneously. Cleaning schedules have also become less regimented. In recent years only 41% of people claim to have a regular cleaning schedule, and 60% admit to cleaning reactively; being motivated to clean only when there is visible dirt or dust5. It’s perhaps not surprising, that a fifth of people are still concerned their floors are dirty after they’ve mopped them (22%) and one in four6 feel extremely worried about indoor dust at home. Geli Lee, Dyson Engineer and Home Cleaning Expert reveals why it is important to change the way we mop: “Cleaning your hard floors properly and regularly is important for maintaining a healthy environment around your home. Without a proper cleaning routine, dirt may unknowingly build up and spread around your home. It is evident from our research that current mopping habits mean British households aren’t cleaning their floors as effectively as they should. “From ignoring problem areas where dust and debris build up, cross contamination with dirty water to not replacing mop heads or inconsistent cleaning, current mopping behaviours may be making floors dirtier as opposed to cleaner. Moving away from traditional methods, wet floor cleaners like the Dyson WashG1 simplify the floor cleaning experience and provide a modern efficient and hygienic solution” To help take the guesswork out of mopping, the brand new WashG1 is Dyson’s first dedicated wet floor cleaner that tackles wet and dry debris in one go. Engineered for hygienic cleaning and maintenance, the WashG1 is revolutionising wet floor cleaning, removing the need for multi-products and multi-steps to achieve a barefoot clean feel around the home. To put the product to the test, Dyson have cleaned one of London’s most iconic landmarks The Victoria and Albert Museum. From cleaning the grand marble floors housing the most prestigious exhibits, to cleaning up leftover food in the Gamble Room Cafe, the WashG1 had a dirt busting tour of the museum leaving it spotless. Images can be found here. The WashG1 introduces Dyson’s engineering expertise to cleaning hard floors. With a 1 litre clean-water tank to cover flooring up to 290m2, the Dyson WashG1 uses a combination of hydration, absorption, and extraction technologies to remove wet and dry spills and stains simultaneously. The Dyson WashG1 is available to purchase now from Dyson.co.uk, retailing at £599.99.

Typically thought of as being an easy to clean area of the home, hard floors have risen in popularity in recent decades. Globally, hard floors are the most common floor type,2 and research released today by Dyson has uncovered poor cleaning habits that mean hard floors are likely to be harbouring an array of hidden nasties. This comes as 32% of Brits – equating to 21.6 million people in the UK – will use the same dirty mop head for six months or more before replacing it. What’s more, one in 20 also admit to keeping the same mop for a year or longer, and one in 10 think it is acceptable to use the same mop 100 times, spreading dirt around their floors every time they use it. Cross contamination is a primary issue for most common and traditional mopping methods with germs and bacteria further being unknowingly spread around homes as Brits use dirty water to clean floors.3 45% only change the water to new water between rooms, whereas 41% wait even longer until it looks dirty. This could mean that floors are being washed with dirty water, adding more dirt rather than taking it away. Surprisingly, almost one in 10 (9%) even admit to not changing the dirty water at all when mopping. Over a quarter (28%) admit to mopping their floors once a fortnight or less while over half (53%) admit they don’t regularly clean behind appliances and leave dirt to build up for as long as six months at a time. image002.jpg On how to achieve a perfect barefoot clean feel after mopping, Geli Lee, Dyson Engineer and Home Cleaning Expert offers their top tips for eliminating dirt around the home: 1. Create a cleaning schedule to stay on top of dirt build-up. In the last year, there has been a 15% global reduction in the number of people who maintain regular cleaning schedules. 47% of the British public admitted to only being motivated to clean when they spot visible dirt or dust.4 Regular floor cleaning with a wet hard floor cleaner like the Dyson WashG1™ removes more stubborn dirt than vacuuming alone. It is important to have a debris free surface, clear any clutter from the floor or other surfaces. Choose the right machine: Different vacuums are designed for different floor types and home sizes. Some machines will be engineered with hard floors in mind and will struggle on thick pile carpets, for example. Choosing the right machine for your home will make a big difference to the ease and speed with which you’re able to clean your home. Clean your floors ‘little and often’. Washing your floors frequently in areas that receive more foot fall will help to stop dirt building up and getting trodden into your floor. Using a dedicated wet floor cleaner on hard flooring such as the Dyson WashG1 is helpful for this, as the versatile format means it vacuums and washes the floor simultaneously. Cleaning schedules have also become less regimented. In recent years only 41% of people claim to have a regular cleaning schedule, and 60% admit to cleaning reactively; being motivated to clean only when there is visible dirt or dust5. It’s perhaps not surprising, that a fifth of people are still concerned their floors are dirty after they’ve mopped them (22%) and one in four6 feel extremely worried about indoor dust at home. Geli Lee, Dyson Engineer and Home Cleaning Expert reveals why it is important to change the way we mop: “Cleaning your hard floors properly and regularly is important for maintaining a healthy environment around your home. Without a proper cleaning routine, dirt may unknowingly build up and spread around your home. It is evident from our research that current mopping habits mean British households aren’t cleaning their floors as effectively as they should. “From ignoring problem areas where dust and debris build up, cross contamination with dirty water to not replacing mop heads or inconsistent cleaning, current mopping behaviours may be making floors dirtier as opposed to cleaner. Moving away from traditional methods, wet floor cleaners like the Dyson WashG1 simplify the floor cleaning experience and provide a modern efficient and hygienic solution” To help take the guesswork out of mopping, the brand new WashG1 is Dyson’s first dedicated wet floor cleaner that tackles wet and dry debris in one go. Engineered for hygienic cleaning and maintenance, the WashG1 is revolutionising wet floor cleaning, removing the need for multi-products and multi-steps to achieve a barefoot clean feel around the home. To put the product to the test, Dyson have cleaned one of London’s most iconic landmarks The Victoria and Albert Museum. From cleaning the grand marble floors housing the most prestigious exhibits, to cleaning up leftover food in the Gamble Room Cafe, the WashG1 had a dirt busting tour of the museum leaving it spotless. Images can be found here. The WashG1 introduces Dyson’s engineering expertise to cleaning hard floors. With a 1 litre clean-water tank to cover flooring up to 290m2, the Dyson WashG1 uses a combination of hydration, absorption, and extraction technologies to remove wet and dry spills and stains simultaneously. The Dyson WashG1 is available to purchase now from Dyson.co.uk, retailing at £599.99.

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