[Sarasota, Florida, June 19, 2023] — The SiLLC Assembly, a leading investment assembly in the crypto market, has made a strategic decision to swap all digital assets, other than Bitcoin and Ethereum, into Bitcoin and Ethereum as part of its risk management strategy. This proactive step is aimed at mitigating potential future risks and ensuring the stability of the portfolio.
The recent market correction and regulatory announcements by the SEC have prompted The SiLLC Assembly to carefully reassess its crypto positions. While the team acknowledges the potential of altcoins, current market conditions and risk assessments have led to the decision to concentrate the portfolio on Bitcoin and Ethereum.
Markus Schronen, Board Chair and Assembly Consultant, emphasizes the need for maturity within the crypto community, stating, “As long as the crypto world continues to foster the proliferation of ‘shitcoins’ and self-proclaimed altcoin gurus, it hampers the overall professionalism and credibility of the industry. It’s time for the crypto community to grow up quickly.”
Martin Schuetz, Assembly Leader and CIO, highlights the significance of forthcoming regulations and their impact on the market, saying, “The decision to concentrate our holdings in Bitcoin and Ethereum aligns with our vision for a regulated and stable crypto landscape. We believe that regulatory clarity is long overdue and will contribute to the growth and maturity of the industry.”
The SiLLC Assembly remains committed to its investment principles and will continue to monitor market developments closely. The decision to focus on Bitcoin and Ethereum should not be interpreted as a lack of belief in the potential of altcoins. Rather, it reflects the current risk management strategy implemented by The SiLLC Assembly to navigate volatile market conditions and regulatory uncertainties.
The team at The SiLLC Assembly values the support and trust of its members, especially during these challenging and dynamic times in the crypto market. By taking these proactive measures, The SiLLC Assembly aims to position itself for long-term success and contribute to the overall stability and growth of the crypto industry.
About The SiLLC Assembly (TSA)
SiLLC is in the business of creating and managing a large and diverse network of companies in AR, blockchain, digital assets, eCommerce, internet, metaverse, Retrotech, technology, and VR worldwide. SiLLC continues to capitalize on the numerous opportunities presented by emerging new mediums. SiLLC focuses on constructing a network of companies in advertising/marketing, AR, blockchain, content and community, eCommerce, energy, metaverse, Retrotech, robotics, technology, VR, and enabling technologies. With deep and broad management expertise, a tightly targeted strategic focus, an unparalleled track record, and a unique and successful investment model that demands and drives growth, SiLLC can truly claim to be creating .net value.
For more information, please visit https://www.sillc.net .
Press, Investor Relations:
All transactions are carried out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to provide general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relate to The SiLLC Assembly International.