November’s Autopilot performance also followed the market's downward trend in BTC terms and upward trend in EUR. If you take the long-term view, the Autopilot still presents a robust diversification strategy. But with short-term bursts of enthusiasm almost exclusively concentrated around Bitcoin, no diversification strategy can compete. The EUR performane of our model basket for the month was 37.33%. Since inception, on September 26, 2019, the Euro performance is +95.77%
Last but not least, we wanted to mention the fact that our own initial BTC allocation continues to be managed by the Autopilot, and none of our key team members have withdrawn their personal BTC from it.
What interesting moves did the Autopilot make?
Two additional crypto assets were included for consideration by the Crypto Autopilot algorithm in November: decentralized storage network Filecoin (FIL) and the relatively “corporate” decentralized public network, Hedera Hashgraph (HBAR). The Autopilot almost automatically took a position in FIL.
We’ve also eased the maximum position threshold to allow for a bigger position in BTC during the November rally but are still keeping a substantial altcoin position in order to be able to take advantage of the upcoming altcoinseason too.
The Autopilot currently holds positions in 12 altcoins in an addressable universe of 44. Holdings as of November 30 are as follows: