Q1 2022 Report - Legacy

Parts of this update have been removed as it relates to operations.

This is an old format for updates to investors.  Please remember the original audience and know that The Fund is mentioned and our operations.  The specific mention of our business is not the norm for The Professional Investor Report.  This update is being provided for archive purposes.

Disclaimer:
This website and the information contained herein does not constitute an offer to sell interests and is not an offer or solicitation of an offer in respect of an investment in the fund managed by DeMaddalena Capital, LLC and should not be construed as an offer of any kind or the solicitation of an offer to buy interests in the Fund in any state or jurisdiction to any person to whom it is unlawful to make such offer or solicitation. All prospective investors should carefully consider the Fund’s investment objectives, risks, and fees and expenses carefully before investing. This and other very important information can be found in the Fund’s private placement memorandum. Prospective investors are encouraged to consult with their independent professional advisors in assessing the risks and merits of investing in the Fund. Past performance is not indicative of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. An investment in the Fund involves substantial risks that may result in a partial or total loss of your investment.

TL;DR (Too Long; Didn’t Read)

• Bitcoin supply is fixed, and demand is stagnant for the time being, thanks to macro factors. This is providing a wide-open field for accumulating and executing short-term fixed loan contracts.
• Key Metrics continue to prove adoption is increasing, and the network is becoming more secure.

Market Update

Supply Side:

We have 19,000,000 bitcoin in the total supply.  Our analysis estimates we only have 13,200,000 available in the market, with most of that illiquid and unlikely to move.  Alongside institutional adoption, we are seeing smaller users on the network grow.  The number of addresses with a balance of more than 0.1 bitcoin ($4,000 today) has been steadily increasing since a relative low in July 2021, right after an all-time high of $63,000.  We are now at an all-time high of addresses with more than 0.1 bitcoin, 3.4 million.