Welcome to Issue #41 of Wealth Mastery
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In this issue:
I have a report for you on the top crypto launchpads as well as a few upcoming ones to pay attention to.
Rekt Capital has a great report on what we can likely expect from the market in the coming weeks.
Defi Dad has a tutorial on how you can earn 102% lending stablecoins. Defi is crazy!
The team from My Neighbor Alice join us to discuss their hot NFT game based on the wildly popular animal crossing.
Jesse has a deep dive report on the premiere oracle provider for the Polka Dot network, Kylin.
Hashoshi has some very timely updates for you on Cardano.
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 your comments or questions.
The Big Recap
New All-time highs are the big news this week! Bitcoin, Ethereum, Binance, and even our old friend the Doge Coin have hit new all-time highs. And literally dozens of other coins. Very exciting times for the markets. Bitcoin and the entire market is now breaking out after a long period of consolidation. It could be a very exciting month. But, as always, don’t let the excitement lure you into making risky moves with your portfolio. Risk management remains key to success. Because, let’s keep it real, Dogecoin pumping shows just how irrational this market is.
Mike Novogratz’s Galaxy Digital has filed for a Bitcoin ETF in the USA. Galaxy already has a BTC ETF in Canada. This is the 9th application now sitting with the SEC for approval. I still think we could get an ETF in 2021 for US markets. There have never been so many high-level applications.
Coinbase listed today with a massive pump followed by a might dump. It debuted at $420 a share…. memes are integrating into reality now. Then it dumped by 25% down to around $330. The starting valuation was more than 100 billion meaning this was the biggest IPO in almost a decade. It has not finished the day above 100 billion though.
Bitcoin “blood coin” “dirty coin” “china coin” rhetoric is back in the news cycle. These talking points seem to be rolled out every time Bitcoin is doing well. And yes, there are certainly many ways in which Bitcoin mining leaves a lot to be desired when it comes to the environmental impact. Far too much Bitcoin is mined with Coal and oil in places like China and Iran. BUT Bitcoin is also heavily powered by renewables. Sadly, due to the clandestine nature of many mining operations, it is very difficult to come by actual numbers. But estimates put the renewable mix for Bitcoin mining between 40% and 79%. Which is a massive unknown variable! However, if Bitcoin were a country, then it would be greener than major economies…
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.
