This week in Crypto!
Issue #3 (July 15th, 2021)
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Hot off the virtual press! Issue #3 is here. It’s crazy to think we are past the halfway point for this year. Once again, thank you to all the subscribers who have made this newsletter a success so far. Let’s keep it rolling this week!
Market Weekly Snapshot:
Bitcoin is boring? It’s hard to remember any previous time when Bitcoin has ranged so long. The rest of the market is in wait-and-see mode, as all other coins tend to follow in the shadow of the mighty orange coin. Usually, a big pop comes after a lengthy consolidation period, it’s anybody’s guess when or if this move will be up or down.
That being said, the past few months have been a fantastic time to build a position using dollar-cost averaging.
Breaking News: Stop trying to time the market. Buy at regular intervals and HODL
This week’s best news:
Money printer goes brrr 💵, inflation numbers for June were sky-high 📈, hitting 5.4%, highest level measured since 1991. Is it time to buy Bitcoin? Spoiler alert: yes…
Anticipation about a Bitcoin ETF is growing. BNY Mellon to provide Grayscale with ETF services after ‘Anticipation’ GBTC conversion
Bitcoin is showing the largest stock-to-flow deviation since October 2010. Suggesting that Bitcoin is heavily discounted at its current price 📉
Largest cryptocurrency seizure in UK history. $249 million in Cryptocurrency has been seized by London’s Meteroplion Police 🚔
Whale Alert! 🐳 Crypto Whale from 2012 transfers 740 ‘Sleeping’ Bitcoin worth $26 Million after sitting idle for 9 years. Time to take profits?
Plan ₿ Passport. 🛂 This company sells passports to Americans looking for a tax break on their crypto profits.
Want to learn more about the Bitcoin Lightning network? This episode from the ‘What Bitcoin Did’ podcast is excellent. This article about lightning will change the way you think about Bitcoin. Lightning is absolutely game-changing stuff ⚡
Stablecoins are coming! CBDC report coming in early September
Pay me in Bitcoin! American football player, Saquon Barkley, will require payment in Bitcoin for all future endorsement deals 🏈
Ethereum ETF launched in Brazil! 🇧🇷 QR Capital will buy ether and offer investors exposure to it without them having to worry about wallets or private keys
Fidelity Digital to expand staff by 70% on strong crypto demand from institutional investors 💪
Does anyone have an old power plant lying around? Crypto miners are buying them up 🔋
Let’s go to the movies. A documentary team is working on the first feature-length documentary about Ethereum, and they’re looking for ETH donations to fund it