Very solid month, crypto market has mostly recovered nicely from the Omicron variant dip last week. I’m feeling quite bullish on ETH right now, it seems to have really strong momentum due to the L2 scaling narrative starting to play out (e.g. StarkWare alpha released this week).
I have an overall negative net cash position now for the first time ever. My reasoning for this is: Why would I keep spare fiat in the bank earning 1% when I can earn 20%+ on stablecoins?
In reality of course I still have cash in the bank to operate my business and regular spend, it’s just offset by the business tax liability owed in FY22.
Overall plan is to keep playing around in DeFi, gradually scaling down profits back into stables.