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DIGITAL ASSETSDigital asset prices fell sharply Thursday, following the liquidation announcement by Silvergate. Bitcoin dropped nearly 7% to as low as $20,050, while Ethereum also shed about 7%. Source: TradingView, March 2023The New York Attorney General’s office filed a lawsuit against crypto exchange KuCoin for allegedly violating securities and commodities laws. In the complaint, a claim is made that among others Ethereum is a security.THNDR Games releases has released a new Bitcoin game: The Sudoku and Tetris inspired game “Bitcoin Blocks” lets players earn bitcoin while solving puzzles.NFT gas usage on Ethereum has slipped towards a two-year low, partly due to the growth of Inscriptions and Ordinals in the Bitcoin ecosystem. DeFi is also at two-year lows, using less than 8% of the current gas usage. Source: Cointelegraph, March 2023WHAT TO KNOWUS Mortgage rates reach the highest level since November at 6.73%. After easing to start 2023, rates have now increased for five straight weeks.More banks feel pressure: The four biggest U.S. banks lost $47 billion in market value Thursday. SVB Financial Group, the parent of Silicon Valley Bank, dropped 60.41% after the tech-focused lender lost $2 billion selling assets due to an unexpected decline in deposits. Source: WSJ, March 2023SubscribeUpcoming Opportunistic Fund WebinarJoin Valkyrie’s Opportunistic Fund portfolio team on Tuesday, Mar 21 at 2 PM as they discuss uncovering digital asset value in current markets.Register Here |
| Past performance is not indicative of future results. Investments may be speculative, illiquid and there is a risk of total loss. There is no guarantee that any specific outcome will be achieved. This is not an offer to buy or sell securities. We do not offer legal, tax or financial advice. Information is purported to be as of the time period provided therein. Charts/graphs are for illustrative purposes only.Cautionary Statement Concerning Forward-Looking Statements:This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this document and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this document and other statements made from time to time by us or our representatives might not occur.Valkyrie Investments, 320 Seven Springs Way, Suite 250, Brentwood, Tennessee 37027, United States |
