Welcome to Issue #27 of Wealth Mastery
In this issue:
I discuss taking profits and why it is an important thing to keep in mind when markets are pumping.
I also look at some very interesting real estate investment trusts to add a bit of diversity to your portfolio.
Defi Dad has a very cool tutorial for you on how to earn up to 75-230% APY with Loopring’s new liquidity mining program.
Jesse does a deep dive on Oasis a new privacy focused tech solution backed by some of the biggest names in the industry. Definitely one report you should check out!
The team from Power Trade joins us to discuss the upcoming release of their Bitcoin options trading platform.
Rekt Capital shares his thoughts on Bitcoin, Ethereum, Litecoin, Dogecoin, and the coming altcoin season.
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
Another week another new all time high for Bitcoin. Scarcity is really starting to come into effect as we see institutions buying incredible amounts of BTC. This week alone saw outflows of over 100,000 BTC from Coinbase. The investment firm One River is thought to be responsible for a lot of that. Demand is not falling, only rising. Welcome to the bull run of promise.
Ethereum is still lagging behind Bitcoin, but it is getting very close to finally cracking a new all time high. We have not seen the same level of institutional buying for ETH yet, but they are coming. Sadly though with the rise in Ethereum’s price has also come the rise of ETH gas fees. Right now making a trade on Uniswap costs around 15-20 bucks. A few days ago it was 70-80. Ethereum is quickly becoming unusable for all but rich users. Layer 2 coins are pumping this week.
FinCEN has released a new proposal this week that a change in the Bank Secrecy Act regarding reporting of foreign financial accounts holding digital currency will require US citizens to declare cryptocurrency accounts held with foreign exchanges if the value is over $10,000. This may be used as an excuse to go after any foreign exchanges that accept US users. In this context we can see why Binance has been so strict with kicking out US users in 2020.
This week Bittrex also announced that it will be delisting privacy coins Dash, Zcash, and Monero. This is again a result of regulatory fears. Privacy coins are definitely going to be on the chopping block. Coins like Monero will simply not be able to comply with the new regulations. South Korean exchanges have already delisted privacy coins. I expect we will see more US exchanges dropping privacy coins too.
Regulations are here and happening, but it is not all bad. Yesterday it was announced that…
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.
