Welcome to Issue #30 of Wealth Mastery
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In this issue:
I discuss the Defi Pulse Index token and whether it is a good idea to invest in it instead of directly into your own picks of defi tokens.
I also examine the upcoming Coinbase IPO and whether or not this stock will be a buy.
Defi Dad has a major alpha leak on a yield farm with 1,300% APY!
Rekt Capital talks about a possible coming Bitcoin correction and the impending altcoin season, you definitely need to read this!
Forrest has a great piece reminding us of the importance of using a VPN to keep safe online.
The team from NFT OG Enjin join us to discuss their recent approval in Japan, and other big upcoming events!
Jesse has a report on Terra Luna based Mirror Finance, an app that is doing synthetic stocks. Very interesting read so make sure you check it out!
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
Bitcoin is boring again. This means it is accumulation time before the next massive surge happens. Remember dips are for buying, any moves under $30,000 have been bought up quickly. But while BTC is snoozing Ethereum has hit a new all time high twice. Many key defi coins like Chainlink, Aave, and Uniswap have all hit new all time highs in the last week. This has been a very exciting period for the market.
Marathon a publicly traded Bitcoin mining company has bought 150 million worth of BTC for their company reserves. This just proves that the trend of companies buying Bitcoin is continuing. Michael Saylor from Microstrategy is hosting a big conference call in early February where he has invited teams from hundreds of publicly traded companies to pitch Bitcoin to them. Not all heroes wear capes.
With a new administration in the USA the race to get a Bitcoin approved is back on! Valkyrie Investments has filed an ETF application this week. There are currently around 5 companies fighting to get an ETF approved. The question around the ETF at this point is when not if. Let’s see if the new SEC chief will finally unleash the beast with the ETF. I fully expect the market to go crazy when this happens.
Reddit one of the biggest social media platforms in the world has just announced their partnership with Ethereum! This is massive news for both platforms. Reddit first dipped its toes into the Ethereum world with the launch of their community tokens. This takes that relationship to the next level. You can read about it HERE
Single Token Bet On Defi – DPI INDEX
With defi altcoins going insane right I wanted to look at the very popular DefiPulseIndex Coin (DPI) which is a weighted index of the…
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.
