You can simplify “crypto” by separating it into three massive transformations happening simultaneously:
- The transformation of MONEY itself - we’re talking bitcoin, nothing else is even trying to compete here.
- The transformation of THE FINANCIAL SYSTEM - we’re talking about tokenizing physical assets, equities, borrowing, lending, swapping, derivatives, decentralized financial applications.
- The transformation of THE INTERNET - we’re talking Web3, tokenizing digital assets, decentralized identity, decentralized data storage, decentralized autonomous organizations.
Money. The financial system. The internet.
Where will the most value be created? If you could only invest in one, which would it be? If you had to divide your investment across all three, how would you break it down?
To the moon 🚀 — @GΞR฿Z Founder & Creator @ BitLift
Crypto Cycle Update
Prices tanked this weekend! Are you excited for the opportunity to buy more cheaper? Or afraid of losing what you have? This is the psychology of markets. If you have conviction in the coins you hodl, then have no fear.
In 2013, BTC “crashed” 20-40% eight times along its march from ~$500 to ~$20k. Understanding that we’re still early in the cycle allows you to see these as buying opportunities. When comparing to the chart below, we’re in January 2017!
My prediction from September 2023 still stands. A true breakout above $69k isn’t due until Q4 2024, and the top of the cycle won’t be until Q4 2025. Which made my next prediction a month ago that we’d bounce off $70k and dump even easier. All this to say, we have time.
The BitLift Podcast
I’ve had lots of conversations with y’all about staking your ETH. As far as I’m concerned, now that Ethereum is a Proof of Stake network ETH is meant to be staked. It’s the risk free rate for ETH. It’s like hodling dollars in your checking account when your savings account pays 4%.
There’s lots of ways to stake. And there are definitely some risks depending on the method you choose. That’s why I was excited when I met Nixo who helps people navigate this full time as the Executive Director of EthStaker. Checkout our conversation from the conference floor at ETH Denver.
NEW BitLift Crypto Snips
I listen to a ton of crypto podcasts. I recently started using Snipd which allows me to save moments from podcasts to share with you guys on Instagram, TikTok and YouTube. Check out the latest snips and LMK when you think. Helpful?
Keep Up With Crypto
What I’m reading, watching, sharing and keeping an eye on in crypto recently.