Arthur, CEO of DeFiance Capital (@arthur0x), posted that he believes the current moment is merely the beginning of a long-term strategy of going long on cryptocurrencies and short on equities. USDC supply hit its low over a month ago and has since rebounded to a new historical high. This trend explains why Circle’s stock ticker $CRCL has nearly doubled since its bottom. Earlier, on March 12, Arthur posted that this is the ideal time for Bitcoin and cryptocurrencies to shine as genuine geopolitical and sovereign hedges during periods of turmoil, and he characterized the “long crypto, short equities/high-yield credit bonds” strategy as the optimal long-short trade setup in today’s market.
DeFiance Capital CEO Says the Long-Term Long Crypto/Short Stock Trade Has Just Begun
TechFlowShare
Summary
DeFiance Capital CEO Arthur says the long-term crypto strategy of going long on crypto and short on stocks is just getting started. He noted that USDC supply hit a bottom over a month ago and has since rebounded to historical highs, helping push Circle’s stock, CRCL, up nearly 200% from its low. In March, Arthur said Bitcoin and crypto are ideal hedges during geopolitical turmoil and recommended a long-term investing approach of "long crypto + short stocks/high-yield credit."
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