No Limit Holdings Anticipates 5th Cycle Peak

There have been significant challenges to investor confidence in 2022. Beginning with macroeconomic inflation caused by accelerated quantitative easing during the COVID pandemic, leading into the collapse of Terra’s algorithmic Luna stablecoin and the subsequent contagion into 3AC, Voyager and BlockFi and followed by the exposure of corporate governance flaws at FTX and Alameda resulting in the bankruptcy of the world’s second largest crypto exchange, the market has been characterized by high volatility and uncertainty.

The net impact has been a 75% decline in the total market capitalization of crypto assets from a $3 trillion peak one year ago to the current mark of $800 billion. Although catastrophic by all metrics, it is also on par with our expectations based on past cycles, adoption rates and macro conditions. No Limit Holdings launched its first fund specifically to invest into this crypto winter and our timing couldn’t have been better.

During a Block TV interview in April 2019, No Limit Holdings founder Gin Chao was asked to predict the peak cycle price of Bitcoin. At the time, BTC was trading around $6k and was 16 months past the December 2017 all-time high of $20k. His highly publicized $50-100k prediction came to fruition in April 2021 when BTC reached an all-time high of $63k and again in November 2021 when BTC bounced back to $69k.

In an October 2022 interview with Forkast, Gin Chao again went on record with a peak cycle price prediction for Bitcoin of “$200k plus or minus 20%.” In the wake of November 2022 industry events, he has tightened that prediction to $150-200k within the next 2-3 years.

About No Limit Holdings No Limit Holdings, in partnership with ClearVue Partners, manages funds that invest in founders building blockchain infrastructure and applications to improve the lives of users around the world. CVP NoLimit Fund I deploys capital across seed and strategic rounds with investments ranging from $250k to $3 million. For more information, please visit www.cvpnlh.com.