In late 2022, when Bitcoin was trading near $16,000, the I/O Fund issued a Strong Buy Alert. At the time, many of the market’s biggest crypto bulls were silent. Fast forward to today, Bitcoin is up over 600%—and now we are hearing the same aggressive upside targets that we heard years ago prior to Bitcoin’s 70% plunge. In this week’s report, we take a hard look at these exuberant, bullish calls and contrast them with our systematic models that correctly identified the 2021 top and 20...
