March ended with a slightly negative result of -3.22% for the S2F Crypto Portfolio. After the sharp correction in February, a strong recovery has yet to materialize. The crypto market is still in a corrective phase, with prices temporarily under pressure.
Nevertheless, we remain confident about the rest of 2025. As you can see below, Bitcoin has historically moved in a clear 4-year cycle. With previous peaks in 2013, 2017, and 2021, 2025 also looks set to be another peak year.
At Christmas 2023, Bitcoin was still trading at $43,665. Last Christmas, it was already at $98,200. At the time of writing, Bitcoin is trading around $82,900, a decline that we see as a healthy correction within a broader bull market.
We continue to expect Bitcoin to rise towards $120,000–$150,000 this year. Other cryptocurrencies and crypto-related companies may benefit even more from this.
We therefore remain fully invested and are closely monitoring the market. Patience and confidence are now more important than ever.
Do you have questions about the market or your portfolio? Feel free to let us know—we are happy to help.
Kind regards,
Simeon Hoefnagels
Systems2follow