Crypto Native Capital on Bitcoin

Crypto Native Capital is shifting from defense to offense by beginning to dollar-cost average its cash into bitcoin from September 1 through year-end. The fund argues that bitcoin's four-year cycle remains the dominant framework, with prior bear markets bottoming roughly 12 to 13 months after their peaks and the coming deployment window falling 11 to 14 months after the current cycle peak. Bitcoin in the low $60,000s is viewed as a materially better setup than last fall, while the fund's cash position provides dry powder to buy through further volatility rather than trying to identify the exact low. The unwinding of digital asset treasury companies is removing a source of price-insensitive demand and creating persistent supply, which the manager views as the type of forced-selling environment the cash was raised to exploit. The goal is to participate in the next cycle by buying methodically through the historical bottoming window.