The market is in a highly uncertain state, and this has put pressure on most equities, but to a higher degree, growth stocks. We do not feel that the crypto markets will disappear, but they have seen severe volatility and long periods of down markets in the past. DEFI is up 301% over the past year, and while its business is real and it has many segments to generate sales and earnings from, if the broader crypto markets fall, DEFI will have a tougher time to generate profits. We continue to like the name for its diversified revenues and growth prospects, but it will need to see a bullish environment to perform well in. For now, we would prefer to assess how the broader markets develop, and if we can achieve a strong enough bounce in the markets that could continue this bull market. For now we prefer holding until further signs appear.
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