At the beginning of the recent drawdown, Thor’s strategies traded out of bitcoin and ethereum and into cash where they remain today. Roth said that his strategies are designed to avoid trading as crypto prices move sideways and that he probably won’t reenter the market until bitcoin prices break above $24,000 or $25,000. At that point, Thor’s strategies will begin to compound in value again from the lower price without having taken the 50% to 60% hit that most tokens have suffered in 2022.
