Welcome to Issue #33 of Wealth Mastery
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In this issue:
I share some tips to help you save on gas fees, and I discuss a few of the top defi platforms not on Ethereum you may want to consider trying.
Rekt Capital has a great report looking at the technicals for Litecoin, Monero, and Dash.
Jesse has a report on the much hyped DODO exchange, a Uniswap competitor, but does the hype meet the reality?
Defi Dad has a very timely report on how to use layer two Uniswap competitor Quickswap to earn up to 700% APY for near 0 gas fees!!!
The team from Reef Finance joins us to discuss their defi solutions.
Into The Block has a fascinating report looking at the on chain data from this week 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 email with comments or questions.
The Big Recap
Bitcoin has hit a major milestone this week at $50,000! Incredible to see, and to understand how fast the markets are moving. This bull run has been crazy so far. Bitcoin continues to dominate interest from big money interests, and thus price cycles. We are nearing a 1 trillion market cap for Bitcoin, which will be another incredible milestone. Ethereum although having recently hit a new all time high has been slow to catch up to Bitcoin in terms of gains. Many altcoins have been hitting new all time highs though even if Ethereum is lagging behind.
One of the biggest news stories from the last week is that Canada has approved a Bitcoin ETF. This is a big first for North American markets and it will be possible to buy the ETF on the Toronto Stock Exchange with both CAD and USD. Shortly after this announcement, Canada approved a second ETF for Canadaian markets. Australia has also announced that it is considering an ETF. A flood of money will be unleashed with these ETFs. The REALLY BIG ONE though is going to be an ETF on US exchanges. Still no idea when we could see that happen. But it is a question of when not if. BUT the New York Digital Investment Group has just filed an application in the USA and is being supported by Morgan Stanley, this is the best ETF application yet.
Corporate fomo is kicking into overdrive. This week we had 3 massive announcements. First that investment banking giant and publicly traded company Morgan Stanley is considering making a Bitcoin investment. The company already owns 10% of Microstrategy. Now they want the real Bitcoin, their investment could be billions. Details to be confirmed later. Deutsche Bank, the 21st biggest bank in the world by assets, is launching a custody, trading, tax, and staking service for crypto in what is basically the most comprehensive service being offered by a…
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.
