Every position in our portfolio traces back to a thesis built when the bear market was still consensus. The current shape: > Store of Value — 30.0% > Consumer Retail/Social Trading — 23.0% > Memes — 11.7% > Onchain Options — 9.8% > Onchain Perps — 8.1% > Stablecoins — 7.5% > AI & Digital Identity — 3.7% The portfolio is up 132% in total, with non-BTC positions up 203%. None of these theme were added for this market. Each one is now being re-tested against the same question: does the thesis that justified it in the bear still hold now that the price has moved. —- @JustDeauIt ran that re-test, theme by theme, in our latest 'Risk Management update' Report. If you are yet to read the report, see comments below to access it.👇