Despite what most Bitcoin bulls were predicting, November was not a great month for investors hoping for a return to $20,000. However, at BitBull Capital, we predicted this drop in prices back in July and sent out an investor note earlier, as we believe now the leading cryptocurrency is at a major buying point.

Given our active crypto management strategies, BitBull Capital is widely connected and we attend all major crypto hedge fund investor days and events to gain new insights and explore emerging opportunities for our portfolios.

BitBull Capital at the Polychain Investor Day

Sarah Bergstand and Joe DiPasquale, co-founders of BitBull, with Olaf Carlson-Wee, founder of Polychain.

A presentation by Juan Benet, Founder of Filecoin.

BitBull Capital at the MetaStable Investor Dinner

Our CEO Joe DiPasquale with Haseeb Qureshi and Naval Ravikant, Co-Founders of Meta Stable.

BitBull Capital presenting at the HFM week

BitBull Capital presenting at Hedge Fund Manager (HFM) Week’s West Coast Operational Leaders Summit

Topics included:
-Security and hacking protection for crypto hedge funds
-Valuation and NAVs for crypto hedge funds

Even though November did not show a lot of price growth, there have been several positive developments, and all major hedge funds at investor days shared positive sentiments regarding the ongoing developments, institutional interest and financial solutions being developed around blockchain and cryptocurrencies.

BitBull Capital’s active involvement and relationships in the space open us up to amazing early-stage opportunities which our members get to benefit from. In case you missed it, our latest Opportunistic Deals memo was sent out earlier.

OPP DEALS MEMO

An example of our Opportunistic Deals memo to our investors, from October 2018. We did not participate in the Coinbase round at $8B valuation because a BitBull Fund side pocket already gives investors exposure to equity in Coinbase at its $1.6B valuation round.


 

If you’d like to get future updates from us, sign up for BitBull research here.

Disclosure:

As of the publication date of this report, BitBull Capital Management LLC and its affiliates (collectively “BitBull”), others that contributed research to this report and others that we have shared our research with (collectively, the “Investors”) may have long or short positions in and may own options on the token of the project covered herein and stand to realize gains in the event that the price of the token increases or decreases. Following publication of the report, the Investors may transact in the tokens of the project covered herein. All content in this report represent the opinions of BitBull. BitBull has obtained all information herein from sources they believe to be accurate and reliable. However, such information is presented “as is,” without warranty of any kind – whether express or implied.

This document is for informational purposes only and is not intended as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy, are based upon selected public market data, and reflect prevailing conditions and BitBull’s views as of this date, all of which are accordingly subject to change without notice. BitBull has no obligation to continue offering reports regarding the project. Reports are prepared as of the date(s) indicated and may become unreliable because of subsequent market or economic circumstances.

Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This report’s estimated fundamental value only represents a best efforts estimate of the potential fundamental valuation of a specific token, and is not expressed as, or implied as, assessments of the quality of a token, a summary of past performance, or an actionable investment strategy for an investor.

This document does not in any way constitute an offer or solicitation of an offer to buy or sell any investment or token discussed herein.

The information contained in this document may include, or incorporate by reference, forward-looking statements, which would include any statements that are not statements of historical fact. These forward-looking statements may turn out to be wrong and can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, most of which are beyond BitBull’s control. Investors should conduct independent due diligence, with assistance from professional financial, legal and tax experts, on all tokens discussed in this document and develop a stand-alone judgment of the relevant markets prior to making any investment decision.