Obviously, the first half of 2022 has not been rewarding for investors. Between inflation, rising rates and the tense geopolitical context, only commodities have shown a positive return since the beginning of the year. In this environment, the cryptocurrency universe has been no exception. Indeed, the sector showed a high level of correlation to technology stocks over this period.
In January 2021, we presented 5 investment themes for the year. A particular focus was placed on the harmonized, or even correlated evolution of the largest economic blocs’ monetary policies, and its consequences.