Have you heard? Last week, we officially launched Titan Crypto, our expert-managed portfolio of cryptoassets that we believe are positioned for outstanding long-term returns with minimal correlation to U.S. equities and with attractive hedging qualities.
Our goal at Titan is to outperform our benchmarks on an after-fees basis. Since our inception on 8/10, we've generated ~5% of alpha above our benchmark (the Bitwise 10 Large Cap Crypto Index*) mainly driven by our bullish bets on Cardano (+32.4%) and Stellar (+24.8%) paying off early.
Our clients who invested in Titan Crypto have seen ~8.5% gains in their crypto portfolio in a matter of days.
We believe crypto has a massive runway ahead. Adoption of cryptocurrencies and blockchain protocols is exploding, and we expect this trend to prove structural and long-term in nature, driving significant returns for crypto investors.
Performance reflects returns from Titan Crypto's Inception Date of 8/10 4PM ET through 8/16 4PM ET.
Our price targets
With each investment we make across our portfolios, we have price targets derived from our quantitative and fundamental research. Given the nascency of this asset class, there is a bit of art alongside the science, but that's why you hire us as your investment manager.
Ethereum is the world's largest decentralized operating system and the backbone to many of blockchain's most interesting applications.
- 1 Year Price Target: $9,000-11,000 (~180-240% upside potential)
>> What you need to believe: Ethereum reverts to its 3-year average valuation ranges at its current level of network activity including on-chain transaction volume, generated fee revenues and total value locked.
- 3-5 Year Price Target: $30,000 (~840% upside potential)
>> What you need to believe: Ethereum captures 0.5-1% annual earnings of global financial institutions.
Bitcoin is the world's first widely-adopted cryptocurrency that allows for secure peer-to-peer transactions on the internet.
- 1 Year Price Target: $100,000 (~120% upside potential)
>> What you need to believe: Bitcoin and the broader crypto market continue to gain healthy momentum for their on-chain fundamentals, and bitcoin has another breakout to the upside after recent periods of consolidation.
- 3-5 Year Price Target: $300,000 (~550% upside potential)
>> What you need to believe: Bitcoin can reach global value of gold. Long-term bullish scenarios see bitcoin used as a medium-of-exchange, global monetary reserves, and collateral asset for the next iteration of internet (Web 3.0).
Cardano is one of the most promising proof-of-stake smart contract platforms to date, set to challenge Ethereum's dominance in the space.
- 1 Year Price Target: $3-4 (~45-95% upside potential)
>> What you need to believe: Cardano successfully completes its Alonzo hard fork upgrade successfully without delay and gains strong early traction from users and developers building dapps such as DeFI, NFTs, DAOs.
- 3-5 Year Price Target: $5-10 (~140-385% upside potential)
>> What you need to believe: Cardano is able to capture sizable market share in the smart contract race, or even penetrate Ethereum’s lead while making tremendous strides in forming partnerships with developing nations in Africa and Asia.
Stellar is the premier payment network for global institutions, enterprises, and retail with lightning fast transactions at a fraction of the cost of other blockchain applications.
- 1 Year Price Target: $0.70 (~90% upside potential)
>> What you need to believe: The Stellar Development Foundation continues its solid traction in expanding enterprise partnerships and adoption, and growing its network activity.
- 3-5 Year Price Target: $1.50 (~305% upside potential)
>> What you need to believe: Stellar continues to improve its tokenomics, launches its Turing-complete smart contract functionality in the near future, and develops a flourishing decentralize apps ecosystem -- ultimately resulting in valuation multiples expansion to or exceeds XRP's current level.
Under the hood of Titan Crypto
For months, our team has been conducting deep fundamental and quantitative research to identify what we believe to be the highest quality cryptoassets for the next 3-5+ years.
We've constructed a concentrated yet balanced portfolio of these cryptoassets, with strict controls to attempt to mitigate risk and to screen out assets that we believe entail outsized risks around custody, liquidity, regulatory, and other concerns.
We then determine the appropriate weightings into each cryptoasset, based on our conviction. We'll be regularly and tactically changing these weights (and rebalancing to them) during periods of excess volatility in an attempt to maximize risk/reward.
To check out Titan Crypto, be sure to update your Titan app in the Apple or Google Play store.
The Titan Investment Team