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I ruled myself free to apply discretion in my index-
tracking. It was very clear early on that Ripple was in a
secular bear market against Bitcoin from 18 May and I
quickly became and stayed underweight in Ripple.
I also went underweight in Ethereum in mid-June at
$350 — $360.
Why? Because:
Is Ethereum in a bubble?
I don’t know. Applying the same metrics used above
to $ETH it does pretty well, but not as well as Bitcoin.
But there are clear risks and as a result I am
underweight in Ethereum compared to its share of the
global Cryptoasset Market Cap.
Growth (Price & MCap): Ethereum has outstanding
growth in its short life, but it was only created in