2019’s Q4 opened with Bitcoin at $8,288.80, before closing the year and final quarter at $7,165.72. The year ended with the 4th negative Q4 in Bitcoin’s entire history.
While Bitwise had an ETF proposal rejected, the SEC set its eye on messaging giant Telegram, and China took a leap toward establishing itself as a blockchain leader.
Overall the total cryptocurrency market cap experienced a decrease during this quarter and negative events like the PlusToken scam and exchange hacks have shown their powerful influence on the markets once more.
Kintaro Capital stayed calm in this quarter, keeping portfolio changes to a minimum. In terms of performance, the volatility during correction for Kintaro Capital’s portfolio was limited compared to Bitcoin