Welcome to Issue #36 of Wealth Mastery
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In this issue:
I discuss just WTF a SPAC is and if it is a good investment or not.
I also have 10 low cap coins for the bargain hunters out there.
Defi Dad has a tutorial on how to earn 50% APY by playing a no loss lottery!
Rekt Capital has a fantastic report on altcoins and some coins to be keeping a close eye on!
The team from Robonomics joins us to discuss their robotics platform and their bid for a Kusama parachain.
Hashoshi has some important tips for you on how to keep safe when logging in away from home!
Jesse has a report on Linear Finance, an up-and-coming defi player.
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
The market is pumping with a recovery in full swing right now. We are only a few percent away from seeing Bitcoin hit another all-time high. Altcoins have been pumping like crazy, and Ethereum is moving back towards its all-time high as well. Remember those market corrections happen frequently. They are massive opportunities. Don’t ignore them when they happen.
This week saw a Chinese company Meitu buy 40 million worth of Bitcoin and Ethereum for their corporate treasury. This is likely the first company to every buy Ethereum for their strategic reserves. We will certainly see more companies buying Ethereum as time goes on. We also had an announcement this week from a publicly traded Norwegian company called Aker which bought 58 million worth of Bitcoiin. The firm is also going to start mining Bitcoin with surplus energy from its business. A Bitcoin fund has also announced its launch in Malaysia to cater for South East Asian institutional investors.
Twitter CEO Jack Dorsey has listed the first ever tweet on Twitter as an NFT. The NFT is hosted on the Polygon Network which is an Ethereum layer two scaling solution. This is big because Jack has been for a long time a hardcore Bitcoin maximalist. But he is now venturing into the crypto world beyond Bitcoin. The last I checked the top bid was 2.5 million dollars. He has said he will give the proceeds to charity.
Paid Network was hacked over the weekend. With hackers exploiting a function in the protocol and minting loads of new coins and then dumping them on the market. The price of PAID was down like 90%, but it has now almost fully recovered in value with the launch of V2 and demand still red hot for access to token sales. Sadly, hacks of this nature are all too common in crypto. The one unifying factor is that the market almost always forgives and forgets, assuming the team actually handles the issue as Paid did. Others like Cover…
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.
