Bitcoin Held on Exchanges Drops to Five Year Low

According to crypto analytics platform Santiment, the amount of Bitcoin held on digital asset exchanges has fallen to 5.84%, the lowest level in five and a half years.

The decline in the amount of Bitcoin held on exchanges began in early 2022 and has accelerated in recent months. Santiment attributes the decline to a number of factors, including:

Increased trust in self-custody wallets: More and more Bitcoin holders are choosing to store their Bitcoin in self-custody wallets, which give them more control over their funds.

The collapse of FTX: The collapse of the cryptocurrency exchange FTX in November 2022 shook investor confidence in centralized exchanges.

Binance’s withdrawal issues: Binance, the world’s largest cryptocurrency exchange, experienced a number of withdrawal issues in December 2022. These issues led some investors to question the security of Binance and other centralized exchanges.

The decline in the amount of Bitcoin held on exchanges is a positive development for the Bitcoin ecosystem. It suggests that investors are becoming more comfortable with self-custody and that they are losing trust in centralized exchanges. This trend is likely to continue in the future, as Bitcoin continues to mature and as more investors become aware of the benefits of self-custody.

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

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What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as
possible.

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

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The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

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What is the goal of this portfolio?

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.

This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.

To give an update on the position, each one listed in low to high relative risk:

SoV/money == BTC, DCR

Platforms == ETH, XTZ

Private Money == XMR / ZEC / ZEN

DeFi == MKR / SNX and stablecoins

It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:

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