Health, Wealth, and Happiness |
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| "Success is a journey, not a destination. The doing is often more important than the outcome." - Arthur Ashe |
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| Howdy, investors!
We often talk about how staking is one of the best ways to create a "dividend income" from your crypto holdings. Today we reveal the best platforms for crypto staking, with an eye to both maximizing rewards and limiting risk.
Last week, a California judge threw out the long-running SEC case against Ripple, which could spark renewed interest in its XRP token. Today we do a deep dive on XRP: is it worth buying?
We've got an incredible chart for you today, showing the growth of crypto in 2024 looks like the growth of the Internet in 2002. For long-term investors (which we hope you are), this is very good news. Find out why, below.
Read on! |
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| This Week in Bitcoin Market Journal Our latest crypto investing insights and ideas. |
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| A Guide to the Best Crypto Staking Platforms
We love staking, because it’s an easy way to make your crypto investments work for you. Like earning interest in a traditional savings account, staking your crypto with trustworthy services can earn you additional crypto while you sleep. Maybe that’s why staking has seen substantial growth, with over $200 billion committed by investors as of this writing.
If you are interested in staking, your first decision is to choose a reliable platform. To help you with that decision, we’ve researched our favorite crypto staking platforms, and rated them on fees, usability, security, and trust. Here's our updated guide for 2024 with our top four staking platforms.
Click to learn where you should look for the best staking experience >> |
| Should You Invest in Ripple (XRP)? Charts, Stats, Analysis for 2024
Ripple approached their vision differently than other cryptocurrencies, by designing a system to work alongside existing financial infrastructure, not replace it. They believed this approach would revolutionize the global financial system.
Their native token, XRP, is central to their system. XRP acts as a bridge currency to facilitate quick, cost-effective cross-border transactions, enhancing liquidity and reducing costs for financial institutions. As a result, Ripple focused on building partnerships with financial institutions to transform cross-border payments.
Then came the SEC lawsuit.
The legal battle hurt Ripple for several years, but last week a federal judge threw out the lawsuit against Ripple. This is great news for XRP investors. Is now the time to jump back in?
Read the story behind XRP, and get our complete analysis >> |
| Internet 2002 vs. Crypto 2024
The dot-com boom was one giant party.
Especially if you worked in technology, that period from 1995-2000 was a glorious time to be alive. Everyone was buying computers, the internet was taking off, and people were becoming overnight millionaires (at least on paper).
Then came the dot-com crash of 2000, and all those paper paychecks went up in smoke. But from the ashes of the dot-com fire arose the next generation of world-changing companies: Amazon, Google, and all the rest.
We were recently inspired by a brilliant social post comparing Internet adoption vs. crypto adoption over time. Based on this chart, the crypto industry in 2024 is at a similar stage as the internet industry in 2002.
Comparing both, that feels about right. Here’s why.
Check out the charts to learn where crypto may be going >> |
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| Premium Power-Ups Level up your crypto investing game. |
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Do You Need to "Buy the Dip"? |
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| One common crypto advice is to "buy the dip" when prices are down. Given bitcoin's recent price action, that seems like good advice right now. But is it even possible?
Our Investor Mindset article and podcast series (only available to Premium subscribers) examine the psychology of crypto investing.
Our Investing Bravely episode tackles the idea that you don't have to "buy the dip" to be successful and that there's a better mindset for investing in crypto.
Premium members can download the audio file and hear our thoughts on being brave with your investments.
Not yet a Premium member? Sign up now and get access to our complete library of tools and tips to make you a better crypto investor. |
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| Must-Reads This week's most important stories for crypto investors. |
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| (Coin Metrics) - This unpacks last week's global market sell-off, with some fundamental reasons for the market volatility. Well worth reading for a better gauge on where crypto might be headed after last week's market meltdown. |
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| Can Crypto x AI Win? (Messari on YouTube) - The idea of Crypto x AI (or, decentralized AI) is great: build the infrastructure of AI tools on blockchain, and incentivize coordination via tokens. But this competes directly against Google, Microsoft, OpenAI, and the rest of Big Tech. There are a few fundamental features of Crypto x AI that gives some insight into how, and where, Crypto x AI can succeed. |
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| (Harvard Business Review) - Stablecoins have the potential to rewire the global financial system. Competition is heating up among stablecoin issuers, digital wallet providers, and traditional banks, each racing to establish their platform as the dominant one. The outcome will be massive, not only for financial institutions but for any company and digital platform that relies on money movement at scale. |
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| (X) - "Operation Chokepoint 2.0" targets cryptocurrency-related banking in the US. Regulators are unfairly using anti-money laundering rules to pressure crypto-friendly banks, while ignoring similar issues in traditional banks. One more reason better crypto regulation will help the industry -- and our crypto investments. |
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Chart of the Week Daily average fees per user for Ethereum |
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| The Dencun update accomplished the goal of lowering ETH transaction fees for users, but this also lowered the overall fees being collected by the Ethereum network -- at least temporarily. While Ethereum is now more accessible to more people, overall fees remain higher than we'd like. (The ideal fee is zero.)
In late May, the average fee per user was briefly below $5. For reference, the last time we saw fees this low was the previous crypto winter in July-December 2022. So fees are moving in the right direction. Summer saw a rebound, but fees have declined again and are largely in the $5-10 range throughout July.
Even better for ETH investors: lower fees for users have increased overall usage of the Ethereum network. If this trend continues, ETH revenues will keep increasing, which will benefit the entire Ethereum ecosystem -- and ETH investors. |
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| | | ICYMI In Case You Missed It |
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In case you've missed our recent newsletters, here are links to the July 29 and August 5 newsletters, as well as the most recent BMJ investor content:
In our updated guide for 2024, we dig into the best-performing staking coins you can add to your crypto portfolio.
Our analysts did the heavy lifting on TON to see if it's weighty enough to add to your portfolio.
In our updated guide to stablecoins, we outline our latest principles for investing in these important assets. |
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| Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It's created by John Hargrave, Steve Walters, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.
Both free and Premium subscribers get content to build them into better investors.
Upgrade to Premium and get access to our top crypto picks while earning valuable Premium rewards! |
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