Focus on Fundamentals
In line with our previous newsletter, we at Myrtle remain contrarian and very bullish. April 2025 has opened with intense volatility and global uncertainty. From macroeconomic headwinds to geopolitical risks, investors are grappling with tough questions: Could we be heading toward a global recession? How will these shifts impact our portfolios and the broader economy? In times like these, it’s critical to cut through the noise and focus on long-term fundamentals. History reminds us that turbulence is temporary, and resilience—both financial and psychological—is built by staying grounded in core principles.
Within this broader context, the crypto industry is experiencing its own pivotal moment. Bitcoin’s price swings post the last halving in April 2024, the rise of new infrastructure like EigenLayer, and continued growing regulatory clarity—signal both maturity and momentum. While short-term sentiment may fluctuate, the structural foundation of crypto continues to strengthen. The regulatory ecosystem is getting better and predictable. The long-term return continues to be robust. The key is to stay objective, agile, and aligned with long-term trends. Crypto is no longer on the fringe; it’s a growing pillar in the evolving global financial system. Those with a contrarian mindset can capitalize on these inefficiencies by going against the consensus.
– Nishant Tiwary, Co-Founder & Chief Strategy Officer
CIO’s Corner
[market commentary by Pawan Mishra, Co-Founder & Chief Investment Officer]
April has been a time of frenetic activity in the crypto space. Bitcoin is looking strong, stabilizing at about eighty thousand after early quarters’ weakness. That resilience can be attributed in large part to accelerating spot ETF uptake and resurgent institutional demand, spearheaded by Tether’s 92,646 BTC purchase and GameStop’s recent treasury pledge of cryptocurrency. Those moves are indicative of a continued mainstream adoption of digital assets. However, the geopolitical climate has introduced fresh complications. On April 2, President Trump posted a 10% base tariff on every import, higher reciprocal tariffs for some countries, including a 34% tariff on Chinese imports. This escalation of trade tensions had a drastic impact on risk assets, bringing greater volatility in altcoins and NFTs. On April 9, the tariff halt from the administration has provided a temporary boost to the markets, and cryptocurrencies and stocks related to cryptos are recouping. In addition, improved direction by the SEC towards stablecoins and President Trump’s proposal to develop a Strategic Bitcoin Reserve are framing a more upbeat regulatory environment.
In the future, we project the market to be strategically but more volatile directed. As geopolitical risk and inflation concerns persist, crypto’s role as a hedge and growth vehicle becomes increasingly relevant—particularly to institutions wishing to diversify out of conventional equities and bonds. Expansion of tokenization infrastructure, cross-border settlement, and decentralized finance are driving real-world use cases, especially in countries with forward-thinking regulatory frameworks like Japan and the UAE. With mining operations adjusting to higher hardware costs brought on by tariffs and ETH staking still standing firm post-merge, we anticipate increasing bifurcation between old-style coins and new, utility-focused tokens.
At Myrtle Nexgen, we continue to regard crypto assets as a long-term pillar of next-generation portfolios—best addressed with informed restraint and a sharp eye on evolving worldwide currents.
Recently, SEC Chairman, Paul Atkins stated that producing a nationwide regulatory framework for digital assets is among the highest of his priorities. The development in this area will be interesting and important to monitor as the implementation of a clear set of crypto regulations has the potential to impact market participation on a broad scale. The relatively young age of digital assets along with the rather high amounts of ignorance among the public regarding crypto have always held marketplace participation back.
An increase of participation due to new regulations would contribute to more expansion for digital assets and would also further their place as a fixture in day-to-day societal activity. The integration of crypto into the economic landscape was also furthered as US President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve.
Every action taken that treats crypto in the same way as any other asset will continue to improve its legitimacy and perception across the nation and around the world.
