Letter to Investors — January 2022
In 2021, we made a 91.13% profit for our investors.
January 05, 2021.
2021 — The Cryptomania
The first part of 2021 was full of bullishness for the cryptocurrency market, which saw the combined value of Bitcoin, Ethereum, and newcomers such as Solana reach $3 billion capitalizations in the summer before prices cooled later in the year.
In the spotlight for their performance, cryptocurrencies have achieved key milestones, notably El Salvador becoming the first country to make Bitcoin a legal currency. Still, there have also been several sharp falls, including the Chinese crackdown on Bitcoin mining. After peaking at around $69,000, Bitcoin ended the year below $50,000, up 64% for the year.
We are delighted to announce that Bulls Investing Club outperformed the market and closed the period with a profit of 91.13% for its first year of operation.
December 2021 — Crypto Crash
Bitcoin, the largest cryptocurrency by market capitalization, closed in December with a 19% drop, its worst December since 2013. Meanwhile, Ethereum recorded its worst month since March 2020 with a 35% drop, while Binance Coin, Uniswap, and Litecoin fell by an average of 45%, according to coinmarketcap.com.
Wall Street wisdom defines a bear market as a decline of 20% or more from the previous highs, but bear in mind that Bitcoin is known for its volatility.
In this context, we are proud to announce that we made a profit of 0.56% for our investors during December. As usual, your earnings have been processed at the time of writing.
For 2022, we want to offer new options to allow our investors and our community to benefit from our expertise and knowledge. We are currently exploring the possibilities and will provide more details in the coming days.
Please note that our next report will be published in April 2022, as we will be releasing our reports on a quarterly basis from this month onwards.
We wish you and your loved ones all the best for this new year. May 2022 be a bullish year for you!
Thank you for your trust and consideration. We will be glad to answer any questions you may have.
The Bulls lnvesting Club Team.