Welcome to Issue #64 of Wealth Mastery
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In this issue:
I share my thoughts on taking risk when investing in crypto and some potential big pay day airdrops which we could see coming in the future.
Jesse has a report for you on Paribus which is a new token in the Cardano ecosystem.
Defi Dad shows you how to earn good yields using Ethereum layer 2 Arbitrum.
Rekt Capital shares his analysis on Bitcoin’s mid cycle moment.
The team from Reserve Protocol joins us to discuss how they are using stablecoins to empower regular people to claim their financial independence in developing nations.
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 markets are getting savaged this week on fears coming out of China in relation to Ever Grande, the country’s second biggest property developer which is on the verge of collapse. although they were able to may their interest payments this month. Some are speculating that this will be the start of a major global crash, others are saying it is not a big deal. One thing is for certain, though: the market reacts badly to uncertainty. I have added to my Bitcoin position.
Regulators in the USA have now gone after Celsius, adding the lender to the growing list of companies facing regulatory crackdown in the USA. None of these cases have gone to trial, and I strongly suspect that Blockfi and Celsius will indeed be pursuing legal action as this as at least with Celsius and Blockfi this threatens their core business model. That being said Coinbase just announced it is giving in to pressure from the SEC and will not offer lending services. What does this mean for your practically as a lender with these services? Well, depending on your state in the USA you may be prevented using those services. However, if US regulators get their way, then I suspect we will see these companies move overseas and continue to service international customers.
Binance has also come under regulatory scrutiny from the USA with accusations of insider trading being leveled against the exchange. This adds to a long list of countries issuing some form of complaint against Binance. I suppose being the biggest crypto exchange basically puts a target on your back.
The SEC is doubling down on its previous statements regarding everything being a security, and that it will be coming after everyone. Apparently stablecoins are poker chips too. Sigh…
The team from My Crypto has shared some important insights on how scammers are using NFT mania to steal your crypto and your NFTs. You can read the thread here. Phishing emails are becoming increasingly common…
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.
