Welcome to Issue #10 of Wealth Mastery
In this issue:
I discuss why long term thinking is so important in crypto and why and how to keep some dry powder on hand for dips!
Defi Dad has 5 amazing staking opportunities that you can take advantage of today to start earning amazing returns!
Forrest has some tips on how to avoid being scammed when investing. Considering all of the rug pulls that have happened in the last few weeks this is a mega important read for all investors!
Jesse has a report on Polka Dot player ChainX and why it is an interesting opportunity worth paying attention to!
Rekt Capital has some very timely and critical analysis for Bitcoin.
A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.
Also every issue will contain more information, tips, hints, and analysis than you can make use of. Wealth Mastery is a tool, you are the craftsman. We are not a signal or pump group, we are a tool shop, you decide what information shared here has value to you or not.
As always feel free to reach out to me by responding to this e-mail with comments or questions.
The Big Recap
The main conversation this week has been around the price of Bitcoin and where it is going next. Bitcoin is the bellwether of the entire crypto market so as usual all eyes are on Bitcoin.
We have had a bit of a relief pump for altcoins today, but the majority remain firmly down versus Bitcoin and the dollar. Which means that opportunity abounds for the savvy investor. If the 20 week moving average holds as support around 10k then altcoins will likely be reaching a bottom. However if we correct down to the 200 day moving average around $9,000 then altcoins will bleed further. Which brings me back to the first point, all eyes are on Bitcoin for the next move.
A highly scientific poll that I did on Twitter shows that a plurality but far from a majority of your peers believe that Bitcoin will go lower short term. But in general sentiment seems to be quite divided at the moment.
Systemic risks in equity markets continue to represent the primary risk to a crypto market bull run in the short term. BUT this is just the short term story. If we zoom out a bit then we are still in a good place.
Why? Well here are a few quick reasons.
Legendary investor Stanley Druckenmiller is calling for 5 -10% inflation in the next 5 years!! This will be good for BTC, stocks, and gold. WATCH HERE
Long term the poison of inflation from the Federal Reserve will not be good. The more we see money printing and the general insanity that is happening at central banks play out the higher unprintable assets will go. Below you can see that Bitcoin now has a record high correlation to gold. Meaning that investors are seeing Bitcoin more and more as a gold like asset in their portfolios.
I shared this chart from Willy Woo on Youtube yesterday, but am sharing it here again because it clearly shows that Bitcoin investment from big money investors is rising in line with monetary…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
