Australian Inflation Surges, Crypto set for a Massive 2024-2025

First off, we like to separate the signal from the noise, and that means not paying too much attention to

โžก๏ธ ๐—จ๐—ฆ ๐—ฑ๐—ฒ๐—ฏ๐˜ ๐—ฐ๐—ฒ๐—ถ๐—น๐—ถ๐—ป๐—ด – it’s been raised more than 75 times and will continue to be raised because the US will not default on its debt. BORING.

โžก๏ธ ๐—–๐—ฟ๐˜†๐—ฝ๐˜๐—ผ ๐—ฟ๐—ฒ๐—ด๐˜‚๐—น๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—จ๐—ฆ – the bottom line according to the SEC is that they are in no rush to get clear regulation in place. Everything else is just clickbait.

โžก๏ธ ๐—•๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ฑ๐—ฒ-๐—ฏ๐—ฎ๐—ป๐—ธ๐—ฒ๐—ฑ ๐—ถ๐—ป ๐—”๐—จ – So what? We’ve still got CoinSpot, Independent Reserve,ย Swyftx,ย Kraken Digital Asset Exchange, BTC Markets, and more.


Besides, we’re bench testing all crypto exchanges this month and giving you our top pick in next month’s newsletter.


๐—”๐—จ๐—ฆ๐—ง๐—ฅ๐—”๐—Ÿ๐—œ๐—”๐—ก๐—ฆ ๐—ข๐—ก ๐—ง๐—›๐—˜ ๐—•๐—”๐—–๐—ž ๐—™๐—ข๐—ข๐—ง

For the Aussies out there, you’re probably aware that inflation is up to 6.8% from 6.3% last month. Irrespective of why that is, it means that the Reserve Bank of Australia (RBA) is not doing enough to bring inflation down. In fact, it probably also means that the RBA will increase the official cash rate next week.

For everyday Aussies that also means it will be harder to borrow, and if you’re already borrowing, it means the banks will pass on that increase to you which means we’ll continue to see pressure on Aussie households for some time.


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To put it into perspective, The US Fed Funds Rate is sitting at 5.25% and they’re still fighting tooth and nail to bring inflation down. In my view, Australia is lagging big time and we have a long way to go to bring inflation down to pre-covid levels.


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๐—ง๐—›๐—˜ ๐—–๐—ฌ๐—–๐—Ÿ๐—˜ ๐—”๐—ฆ ๐—” ๐—™๐—จ๐—ง๐—จ๐—ฅ๐—˜ ๐—œ๐—ก๐——๐—œ๐—–๐—”๐—ง๐—ข๐—ฅ

History does not repeat itself but it often rhymes according to Mark Twain (I think). Now assuming we use the price of Bitcoin as a proxy for the broader crypto market, we can see that historically, there is what I like to call a semaphore๐Ÿšฆstyle pattern that consists of a:

โฌ‡๏ธ down year

โžก๏ธ side-ways year (after moving up off the lows)

โฌ†๏ธ up year

Looking at price action from 2014 to 2016, we can see the pattern. We can also see where we are now relatively speaking.


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TradingView: Published by PROJECT 10X

Looking at 2018 to 2021, you start to see the trend more clearly.


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TradingView: Published by PROJECT 10X

Looking at 2022 to 2025, we’ve had our up move off the lows, and we’re now consolidating sideways for the remainder of the year, before a monster ๐ŸงŒ pump in 2024 and 2025 ๐Ÿ“ˆ


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TradingView: Published by PROJECT 10X

๐—ฃ๐Ÿญ๐Ÿฌ๐—ซ ๐—–๐—”๐—ฃ๐—œ๐—ง๐—”๐—Ÿ

We’re now fully allocated across Enzyme and expect to keep the same portfolio for the remainder of the year given our asset allocation thesis has not changed from when we discussed it earlier this year. As always, we will take profits if an altcoin in the portfolio pumps as FTM did in January 2023 ๐Ÿš€.

On the eToro front, we’re sitting on ~20% cash reserves having deployed much of the capital in November 2022. We are capitalizing on the tech stock momentum trade by having open positions in Amazon and Meta and capitalizing on the AI trend by proxy with allocations to ARKK and ARKF ETF’s.

As I said, I think we’ll remain relatively flat for the remainder of the year and at least until the macro conditions improve. At the end of the day, tech and tech proxies do well in a low-interest rate, high-liquidity environment and we’re not there just yet.

2023 performance for P10X Capital:ย 

๐Ÿ“ˆ +56% on Enzyme

๐Ÿ“ˆ +38% on eToro

๐Ÿ‘‰ sign up and CopyTradeย here

Thatโ€™s all for now.โœŒ๏ธ


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