Welcome to Issue #49 of Wealth Mastery
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In this issue:
I share some low-cap altcoins for your consideration as well as my thoughts on buying altcoins right now.
Jesse has a report for you on the Bitcoin Conference in Miami and he has a deep dive on the Bitcoin-based defi protocol Stacks.
The team from Equalizer joins us to discuss their flashloan solutions and why this is important for defi.
Rekt Capital has a breakdown Bitcoin logarithmic growth curves.
Hashoshi has some tips on how to survive crypto bear trends.
Defi Dad has a way for you to earn up to 953% APR with Universe Protocol!
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
The market continues to be on the rocks this week. Bitcoin suffering worse than most, especially at a technical level with BTC looking cooked! Ethereum has been holding up much better during this down turn. This is due to a few reasons like continued demand for Ethereum in defi and of course the increased flow on institutional money flowing into Ethereum. Ethereum market dominance is currently at 18.9%.
Elon Musk has kind of become this cycles John McAfee after his recent tweet for an adult entertainment crypto called CumRocket. It wasn’t enough for Elon to be constantly pumping the worthless meme coin Doge, but this newest endorsement is a new low for Musk. That being said we must look past what billionaire celebrities say, if you really want to know what they think then look at what they do. Tesla owns Bitcoin and SpaceX just sent an Ethereum node into space. You will notice that none of his companies own Dogecoin. In spite of his online antics in regards to crypto I am still a big fan of the technology that Musk is working on from the cars, to the solar tech, to starlink, to going to fricking Mars!!!
El Salvador has recognized Bitcoin as legal tender in the country with the passing of a bill yesterday. El Salvador is a country which is a good candidate for such a move with 70% of the country having no banking services, but with mobile phone usage of 146%! Yes, each person on average has 1.46 phones! This is a great story for adoption and will likely serve as an example for other countries. It will also be a great boost for layer 2 Bitcoin solutions. But we must also realize that Bitcoin price volatility and HODL because number go up will keep payment adoption low. Following hot on the heels of El Salvador elected officials in Panama, Brazil, Argentina, Mexico, and Paraguay all have made encouraging statements about Bitcoin.
Time To Look At Low Caps Again?
I do not believe that the crypto market is yet to…
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.
