What happens if you consistently buy Bitcoin during the worst parts of a bear market? In this presentation, Ryan McMillin, CIO of Merkle Tree Capital, breaks down historical Bitcoin data from the 2018 and 2022 market cycles to analyse how dollar cost averaging (DCA) performed through periods of extreme volatility. We cover:

• The exact DCA windows
• Historical returns
• Portfolio outcomes
• Investor psychology during market crashes
• Why bear markets matter most

A practical, data driven look at long term Bitcoin accumulation.

💡 Why We Exist – Giving You Confidence in Crypto

Accessing digital assets is hard. From self-custody risks to tax complexity and misinformation, the hurdles are high. That’s why we built an actively managed unit trust to help investors confidently access the most promising digital assets — the ones we believe will underpin the future of the financial internet over the next 5–10 years.

Our investors gain exposure to a diversified portfolio of high-quality crypto assets — without needing to manage wallets, exchanges, or tax chaos. We aim to simplify the experience, reduce risk, maximise potential yield, and bring institutional-grade risk management to every investor.

🧠 SMART 

• Actively managed portfolio, aiming to enhance risk-adjusted returns

• Disciplined asset selection, with a long-term, buy-and-hold bias

• Yield from staking to help offset fees

• Simple access — no wallets, passwords, or crypto admin required

🔒 SECURE 

• Institutional-grade custody with Coinbase Custody

• Staking conducted in insured cold storage

• Comprehensive counterparty due diligence

• Assets remain fully segregated and secure

 🪙 CRYPTO 

• Blockchain removes intermediaries, reducing cost and improving efficiency

• Transparent and borderless financial infrastructure

• Unlocking new use cases in payments, identity, infrastructure and beyond

📩 Interested in learning more? Visit www.merkle.com.au or reply to this email to book a call.