"If you pick the right small behavior and sequence it right, then you won't have to motivate yourself to have it grow. It will just happen naturally, like a good seed planted in a good spot." -B.J. Fogg
Happy Saturday! Let's get after it...
My Hot Take!
If struggle to understand how anyone who have spent anytime, being exposed to Bitcoin and other Digital Asset project, are not off zero. The news from this week alone should send a strong signal that this asset class can do for you what no other asset class in history has ever done.
While the market struggles to find its footing, sovereign wealth funds are getting off zero, $12T of value have been transacted across the Bitcoin network, NYDIG raised $1B, Deutsche Börse is creating an ecosystem for Digital Assets, and 83% of Millennial Millionaires own Crypto ... and what are folks waiting for? If you share this summary with friends and family and they truly read - they will #GetOffZero; even if it's just $25 a week.
For the Podcast of the Week Peter McCormack conducts a great interview with Mayor Francis Suarez on the What Bitcoin Did Podcast, talking about the state of Bitcoin in Miami; a must listen too podcast.
Well that's a wrapped burrito. Exercise patient and try not to get wrapped up in the day to day drama in the space. Zoom out. Remain focused, Stack Sats, stay STRONG, and HODL on!
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GET INTO THE WEEDS!
Price: One week ago, Bitcoin was $48,501.07 and now it is $47,220.73. R-E-L-A-X relax. Zoom out. One year ago Bitcoin was $23,137.96. If I would have told you that in one year $BTC would double - you wouldn't have believed me. Fast forward to Dec 18, 2022 - Bitcoin will have doubled to $94,441.46; after of course going parabolic north of $150,000. So be patient, accumulate as much as you can, and in time you will have achieved your goal.
Altcoins: Best performing top 10 Altcoin for the past week is AVAX; it is up 40.10%. Runner up is LUNA; up 11.16%.
Follow Dat Money: Funding of digital assets and Blockchain technology appears to be slowing. Well, in theory, but in perspective, over $1B a week is a lot of money. Who would have imagined that Billions weekly would go to build out a new financial ecosystem? But that is exactly what's been happening all year long.
The lion's share of the money went to NYDIG and Anchorage, both working to bring Bitcoin to all via banks primarily. Keep your eyes on these companies because they are doing big things!
Fab Five!
- Monday: $243 Billion Abu Dhabi State Fund Investing in Cryptocurrency Ecosystem
- Tuesday: The Bitcoin Network Has Settled A Staggering $12 Trillion In Transactions This Year
- Wednesday: NYDIG Raises $1 Billion to Accelerate Bitcoin Products for Businesses
- Thursday: $28.4 Billion Deutsche Börse to Create Digital Asset Ecosystem with Crypto Finance AG
- Friday: 83% of Millennial Millionaires Own Cryptocurrencies, 48% Want to Buy More in 2022: CNBC Survey
PODCASTS OF THE WEEK
- #752 How British Businesses Are Adopting Bitcoin w/ Ryan Moore | The Pomp Podcast
- Miami: The Bitcoin City with Mayor Francis Suarez
- BTC056: Bitcoin Fear, Uncertainty, & Doubt (FUD) w/ Dan Held (Bitcoin Podcast)
- #755 Bitcoin On-Chain Metrics and Leverage w/ Dylan LeClair
- Duplicate
KEY STATISTICS
- Price of Bitcoin: -2.40% (week) | Dominance: 40.3% | MC: $2.2T
- Mayer Multiple: 0.98 (-.03)
