Welcome to Issue #50 of Wealth Mastery
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In this issue:
I share some critical tips to keep your crypto safe.
The team from Occam join us to discuss how they are bringing defi to Cardano.
Rekt Capital examines Bitcoin’s stock to flow model and puts the current market correction in context for you.
Jesse has a report on the Solana AMM Raydium and explores whether this defi play is worth your money or not.
As a quick note, we will be diving head first into applications on non-Ethereum chains for the next few weeks, so we hope you enjoy!
Defi Dad has a way for you to earn 60% on stablecoins using DFYN, a new Polygon 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 your comments or questions.
The Big Recap
The market has seen a nice bit of recovery. But we are not out of the woods yet! The total cryptocurrency market cap is 36% under the all-time high, and most assets are still down much further than that. Hopefully, we will see a stronger market recovery shaping up soon, but in the meantime, be ready for turbulence and watch to add to positions on strong dip events.
Microstrategy has finished their newest debt raise for 500 million dollars, which will all be used to buy Bitcoin. Michael Saylor then announced that they will sell 1 billion in Microstrategy stock to raise more money to buy Bitcoin. At this time point Saylor is singlehandedly holding up the market!
The spectre of inflation continues to hang over the global economy. Recent data indicates that US inflation rates have passed 5%, which is devastating for a major economy like the USA. Some analysts are saying that actual rates are likely to be even higher. In response to this famous macro investor Paul Tudor Jones has said that he is actively allocating to inflation hedges. He has said that he intends to increase his Bitcoin holding up to 5% of his total portfolio.
Security Tips
One of the biggest ways that users lose it all in crypto is buy making a mistake with their security. This is magic internet money and one hack can make all of your funds disappear in minutes. You have to remain constantly vigilant! One moment, one mistake and you can lose it all. So today let’s cover a few tips to help you keep safe.
Two Factor Authentication on everything that it can be put on. This includes your email address. Yes, Gmail and others can take a 2fa solution. This is a critical step since it means that transactions or changes to your account only become possible with your phone. You can also use a hardware wallet as a 2fa device. Ledger for example has a 2fa app, and the popular Yubikey is a cheap and reliable option…
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.
