Otorongo in Crypto Land
Strategically and systematically capturing alpha in the new cycle
In Julius Caesar, William Shakespeare wrote:
There is a tide in the affairs of men.Which, taken at the flood, leads on to fortune;
Omitted, all the voyage of their life
Is bound in shallows and in miseries.
On such a full sea are we now afloat;
And we must take the current when it serves,
Or lose our ventures.
Speculators in the cryptocurrency world are now afloat a tide - a new bull market has started. They must make an existential decision, to take the current when it serves or to avoid embarking on this voyage.
More financial products created by Wall Street institutions (like exchange-traded funds) are coming to market - a sign that the crypto world is maturing. While Bitcoin is set to undergo its occasional quadrennial event that will curb its supply growth (known as the halving) in April 2024 and Ethereum is expected to see a network upgrade.
These narratives will draw the attention of observers outside of the industry.
Although we have observed interest picking up, overall investor sentiment is muted at best, sceptical and full of disdain at worse. The days of overexcitement and blind euphoria are far off. This means there is a ripe opportunity set for us to get busy with.
Ready for this cycle
The Otorongo is the jaguar in Peru. It is the apex predator in its environment.
The Otorongo survives and thrives by being protective, defensive and aggressive simultaneously.
It moves silently most of the time, camouflaging itself in the wild, and surveys the landscape for prey or signs that it should move to another locale.
When hunting, energy is conserved for the moves that matter. Attention and focus is key when stalking a potential prey; patience is an asset during the process. When it strikes, the Otorongo moves swiftly with tremendous force and precision, surprising and killing its prey within seconds as the right amount of force is applied at the right time to produce the coup de grâce.
These are the essential kind of qualities needed to thrive and prosper in cryptocurrency markets.
Traders must be patient, focused and attentive, and be ready to be aggressive when the moment calls for it. They must also be able to detach from the 24/7 action when there is no edge to harvest and yet remain ever-watchful for regime change.
At Otorongo Capital, this is what we strive to do in this exciting wilderness of crypto-land.
We will never be able to catch the full extent of big directional moves, and we never intended to. But our systematic approach enables us to catch the meat of moves, operating with discipline, patience and aggressiveness like the Otorongo. This modus operandi allows us to recycle our capital quickly across the vast multitude of tokens.
We are now live. We’re thrilled about the immense opportunity set ahead and for the months and years to come.
To our investors: we’re honoured to have you onboard on this journey.
Thank you for reading.