Welcome to Issue #28 of Wealth Mastery
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In this issue:
I discuss the tricky topic of how to deal with taxes in regards to crypto.
I also take a look at some Cannabis stocks ready to get lit up!
The team from Kylin join us to discuss their upcoming token sale and Polka Dot based oracle solutions.
Jesse has a report on the much hyped 1inch exchange token, do the fundamentals match the buzz?
Rekt Capital has some in depth altcoin analysis looking at Ethereum, Litecoin, Bitcoin Cash, and Dash.
Defi Dad shows you how to earn some insane yield using Alpha Homora.
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
Volatility is back on the menu! What a wild week this has been for Bitcoin and the crypto market overall. This is unsurprising after such a massive run up. We are now in a distribution period for Bitcoin. This is normal and healthy, and in my opinion not the end of the bull run. This market cycle has a lot of time to run still. As we see Bitcoin consolidate we could see altcoins starting to make some big moves.
Nexus Mutual has introduced a new product allowing for you to take insurance on your centralized exchange accounts against hacks. Defi providing the solutions for defi is actually pretty damn cool! This is showing us that the industry is maturing a lot, this is a good thing.
The US SEC has got a new Chairman, or at least that is the likely rumor. The new Chairman Gary Gensler is actually going to be a Bitcoin friendly Chairmain. More so that Jay Clayton anyway. Gary has argued before that crypto is a legitimate asset class, and we might even be able to expect a Bitcoin ETF to be approved under his leadership. If so this would be massive bull catalyst for crypto.
Grayscale had a ground breaking story this week, they confirmed that both endowments and pension funds have been buying bitcoin via their trust. the entry of in particular pension funds to the market is massive. In the USA alone pension funds control around 34 trillion in wealth. A fraction of this money will pump Bitcoin big time!
Morgan Stanley the sixth largest bank in the USA announced this week that they have bought almost 11% of Micro Strategy. They have been heavily buying the stock since Q3 2020. There is only one reason to do that, they want Bitcoin exposure! The MSTR stock is acting as a de facto Bitcoin ETF right now.
How To Pay Less In Taxes
Tax time is coming up again, and there is no reason to pay any more in taxes than is absolutely necessary. Here are some simple ideas that you can use now or in the future to make sure you are paying the right amount of…
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.
