Hello, Terramatris community! It's Reinis Fischer, CEO and Founder of Terramatris Crypto Hedge Fund, bringing you our weekly update live from the bustling city of Tbilisi, Georgia. Today is January 11, 2024, and I'm excited to share the latest developments with you.
For those new to Terramatris, it's a private crypto investment hedge fund managed by yours truly. While the fund is primarily operated from the beautiful city of Tbilisi, Georgia, I occasionally manage it from various locations during my global travels. Terramatris is not publicly registered, but you can invest in it through the Raydium decentralized liquidity pool, swapping USDC for TerraM tokens.
At Terramatris, our trading strategy involves one-day-to-expire put options in Ethereum and Bitcoin. Recently, we've focused more on Bitcoin, reinvesting premiums back into crypto. Currently, our portfolio includes Bitcoin, Ethereum, Stellar Lumens, USDC, and the newest addition, Solana. This approach follows the dollar-cost averaging principle, helping us mitigate risks.
I couldn't help but reflect on Solana's recent market rally, regretting not investing earlier. However, we've now rectified that by adding Solana to our portfolio. This decision aligns with our commitment to constant improvement and risk management.
This week marked a significant milestone for Terramatris. We set a target of a minimum of 4.5 USDC daily from options premiums, and we exceeded expectations, reaching an all-time high of $469.59. This remarkable growth of 67 in dollar terms is the best week ever since the fund's inception 21 weeks ago.
Turning our attention to market trends, Bitcoin is currently trading above its 50-day and 200-day moving averages. While there's a chance of a pullback to around $42,000, the volatility caused by the recent Bitcoin ETF approval has added an extra layer of excitement to the market.
For those interested in joining our hedge fund, you can participate by swapping USDC for TerraM tokens on the Radium liquidity pool. We're also considering adding more liquidity to the pool as our crypto hedge fund reaches a $500 USDC value.
Swap USDC for TerraM on Raydium
Lastly, I'm thrilled to announce a Trading Retreat at the end of March for traders of all backgrounds. This one-week retreat in Georgia will be an opportunity for like-minded individuals to come together, learn, and share experiences.
Planned dates: March 24-31, 2024, Price $1,000. Secure your spot now!
Thank you for joining me in this exciting weekly update. Feel free to drop a comment, hit the like button, and subscribe for more updates. If you're interested in our Trading Retreat or have any questions, check the links in the description. Until next time, happy trading!