Welcome to Issue #52 of Wealth Mastery
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In this issue:
I share some EV stocks to be keeping an eye on.
Hashoshi has a report for you on Kusama parachains.
Defi Dad has a tutorial on how to earn 30% APY using Curve Finance.
Rekt Capital discusses stock to flow model variances for Bitcoin.
Jesse breaks down the very buzzy Sovryn which is a Bitcoin-based defi product.
The team from Demodyfi join us to discuss their decentralized exchange building on the bridge between Polka Dot and Ethereum.
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 feels stuck right now! Crypto has become boring, and yes, I know, we have had some nice green days this week. BUT, keeping it real we are still just range bound for Bitcoin, which largely dictates what the other cryptos will do. Sure, there are always exceptions. Dogecoin pumped, because Elon tweeted about it. Bitcoin Cash is up 100% this week for some reason. This is fairly typical of a ranging market. Some coins will have short pumps. But we are yet to establish a new strong trend either bullish or bearish. As you know I am a perma bull on crypto overall, but we are still in a technical bear trend as long as we maintain under the 200-day moving average for BTC. But within that bear trend we are now establishing a range in which BTC is flowing. I am accumulating in this zone.
Cathie Wood’s Ark Invest has filed an application with the SEC for a Bitcoin ETF. This is now the 13th application sitting with the SEC. They have already delayed rulings on a few of them until later this year. But we are now closer than ever to getting a BTC ETF in the USA thanks to the large amount of very high-quality offerings from Ark and others.
A big trending story this week has been about The Internet Computer (ICP) and their insane insider dump. While most of the market is down, the fall of ICP has been quite spectacular. Not to say that they won’t still do something in the future. But it seems that the insiders orchestrated a dump of their coins that is worth between 3 and 10 billion, while at the same time locking up coins from other investors, meaning that they alone were able to dump the market into the ground while walking away with a fat payout, selling 90 million coins out of a total supply on the market of 130 million. The lack of a vesting contract for the team, and last-minute lockups for everyone else is super shady. Which just goes to show how dangerous investing in this space can be. There are little to no regulations to stop this kind of stuff. And in theory this is a project that ticked a lot of boxes:…
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.
