11 Dec: Weekend Recap

"Some things are so unexpected that no one is prepared for them."

-Leo Rosten


Happy Saturday! Let's get after it...


My Hot Take!

It was just a week ago that we had a massive crash in the price of Bitcoin as well as the overall Crypto market. Today it's slowly churning it's way back up; albeit quite slowly. Will we see more downside before we blast off in 2022?


We watched the market recover $300B on Monday, a quarter of US investors are off zero, Visa is going deeper down the rabbit hole, Congress got a good primer on the Crypto industry, and Cool Valley, Missouri might be mining Bitcoin soon. What a week and that was not even the tip of the ice berg of events that happened.


For the Podcast of the Week Michael Ippolito host of the on the margin podcast (Blockworks) talked with Ryan Selkis about his 2022 Theses.


Well that's a wrapped burrito. Exercise patient and try not to get wrapped up in the day to day drama in the space. Zoom out. Remain focused, Stack Sats, stay STRONG, and HODL on!

 

PROMOTED BRAND: Celsius



Join Celsius Network using my referral code Paulf676 when signing up and earn $50 in BTC with your first transfer of $400 or more! #UnbankYourself

https://celsiusnetwork.app.link/Paulf676

 

GET INTO THE WEEDS!


Price: One week ago, Bitcoin was $46,965.99 and now it is $48,501.07. It was Mark Yusko who said, "Price is a liar." If you are focused primarily on just the price of Bitcoin you are missing the forest for the trees. Bitcoin is the long game and it only makes sense in hindsight and over time. "The arc of the financial universe is long and it bends toward Bitcoin."


Altcoins: Best performing top 10 Altcoin for the past week is LUNA; it is up 9.86%. Runner up is XRP; up 5.77%.


Follow Dat Money: While the funding levels didn’t quite reach last week's lofty numbers, $3.2B is headed toward Digital Assets and Blockchain Technology projects. This was driven primarily by FTX seeking $1.5B in new funding.


It appears this week's theme is banking and trading platforms or as I call them on-ramps. A lot of the funding will go to improve those platforms and make it possible for more people to #GetOffZero.


Fab Five!


PODCASTS OF THE WEEK

  • The Breakdown: The Innovation at the Heart of the Global Crypto Transformation

  • FintechBeat: What Circle Impact means for crypto's inclusion conversation

  • BTC055: What is the Cantillon Effect w/ Sahil Bloom (Bitcoin Podcast)

  • 2022 Crypto Theses with Ryan Selkis | on the margin

  • Crypto Yields - The Tool To Battle Inflation | Jeremy Allaire | Empire


KEY STATISTICS

- Price of Bitcoin: 1.84% (week) | Dominance: 40.9% | MC: $2.2T

- Mayer Multiple: 1.01 (.15)

12 views0 comments

Recent Posts

See All