Is Bitcoin the World’s Safest Reserve Asset?
Amid recent globalized uncertainty and supply chain disruptions, companies are hoarding cash. For example, companies in the NASDAQ 100 have built up nearly $1 trillion in reserves, up from $405 billion in 2012.
But here's the problem: global stimulus is killing cash.
Businesses cutting costs to manage risk end up raising their excess cash reserves. But now, they must also ensure these reserves are not excessively devalued in the face of aggressive quantitative easing (QE) programs.
Massive monetary expansion is leading large public companies to reconsider the long-term real value of cash and start considering Bitcoin. This is glaringly obvious with the moves made recently by Microstrategy (we covered this last week here).
As our friend Kuppy puts it: "MicroStrategy isn’t just saying they are making an investment; they are saying they are leaving the US Dollar behind."
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Hot Off The Press
Davey Day Trader Portnoy of Barstool Sports finally met up with the Winklevoss Twins to talk all things Bitcoin (watch the full clip here). And ever since, he's been vowing to send the market to the moon.
Key Takeaways: When comparing gold to BTC, the twins claimed "gold's supply isn't fixed like BTC..." explaining that a key risk to the value of gold is asteroid mining ventures. No further comment.
Moving right along, Portnoy claimed he’ll be a crypto millionaire by September.
Portnoy then started shilling altcoins like Orchid (OXT) and Chainlink (LINK) on Twitter.
He also managed to call out the SEC and then blatantly stated: "In crypto, you can pump and dump all day long." For the record, this isn't true whatsoever.
Related: The former CEO of a $1.4 trillion financial company has flipped the script and is now telling investors to buy Bitcoin. Watch the interview here.
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Earning Crypto
The Binance-Coinbase rivalry just intensified.
Binance's CoinMarketCap launched its own Earn program last week to compete with Coinbase Earn. Their first course will reward users for learning about Band Protocol (BAND), a booming DeFi darling.
Now for starters, these Earn courses are little deceptive...
They are educational courses rewarding customers with free cryptocurrencies, while actually encouraging trading activity so that the exchange earns commissions and fees.
Nevertheless, Earn programs have arguably been one of the most effective customer acquisition tools in crypto. Binance is obviously looking to copy this widely successful marketing strategy.
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The Bull Case for 2020
Two shocking events are about to send Bitcoin and select cryptocurrencies to potential all-time highs.
Learn more here. |
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Investor Revolt and Legal Dispute Delay Filecoins Plans
Filecoin is one of the blockchain world's most highly anticipated projects, promising to decentralize data storage.
But behind the scenes, an investor revolt has helped delay the big unveil and sparked a legal mediation over who owns what. Get the full story here.
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The DeFi Fee Explosion: How YAM’s Collapse Drove Ethereum Fees to New Heights
Confused about crypto vegetables? Think it's just a fad? CoinMetrics tells the dramatic story of the YAM project, the impact it has had on ethereum fees and what that could mean for the network.
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The tech trend no one's talking about
There’s a huge new tech trend coming to your hometown – which could make you a small fortune over the next few years.
And today you can get the stock ticker symbol of one investing legend's favorite way to make money from this trend. |
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U.S. Dept. of Justice Announces the "Largest Ever" Seizure of Terrorist Cryptocurrency Accounts
Last week, the U.S. Department of Justice (DOJ) announced the disruption of two terrorism financing campaigns that utilized cryptocurrency donations, following a multi-agency investigation conducted by the FBI, HSI, and IRS-CI.
The investigation led to the largest ever seizure of cryptocurrency assets related to terrorism financing, with more than $1 million worth of cryptocurrency recovered from terror finance campaigns and financial facilitators operating unlicensed money services businesses (MSBs).
Get the TL;DR here.
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Binance Secretly Helped Police Bust $42 Million Crypto Laundering Ring
Binance once avoided the law. Now it’s helping take down cybercriminals operating on its platform.
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One small step for bitcoin – SpaceChain secured transfer from International Space Station |
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