Health, Wealth, and Happiness |
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| "If you don't believe it or don't get it, I don't have the time to try to convince you, sorry." - Satoshi Nakamoto |
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| Howdy, investors!
Here's a great holiday gift idea: our new review of the Top Crypto Cold Storage Wallets will help you find the ideal wallet for your friends or family. It's even better if you pre-load it with some crypto!
Here at BMJ, we've long advocated for treating crypto like stocks, and leading blockchain data provider Token Terminal is following that same approach. Learn how they use on-chain data to show our style of investing works.
According to Coin Metrics, publicly-traded bitcoin mining firms, which have been spectacularly successful in 2023, are looking at a more challenging 2024. However, the best among them could shine -- here's why.
Finally, there's a vacuum at the top of the crypto industry, due to the legal troubles of SBF and CZ. Forbes suggests former NYSE head Tom Farley could fill the vacuum. Never heard of him? Neither had we, making this one a must-read.
Read on to explore more! |
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| Top Crypto Cold Storage Wallets for 2024 by Danielle Greving |
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| We’ve all heard stories about intensely private folks who stash their cash under their mattress for a rainy day. With the well-publicized failures of centralized exchanges, more crypto investors are following the lead of “off the books” wealth storage by storing their tokens in cold wallets.
In this case, a cold wallet is the crypto equivalent of storing your money under your mattress… with the bonus of protecting against common attacks that threaten crypto enthusiasts worldwide.
Today's post highlights the top cold wallets for 2024. Our editors rated and reviewed the top cold wallets for 2024, rating them on reliability, ease of use, and user reviews. If you want to keep your crypto safe, keep it cold. |
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| Premium Power-Ups Level up your crypto investing game. |
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How Did We Do Predicting 2023?
Last December, we made some bold predictions regarding the state of the crypto market in 2023.
How did we do?
- We predicted a Fed pause in the second half of 2023 and 5-5.25% rates. We're currently at 5.25-5.50%.
- We also predicted a move into stablecoins by foreign investors looking to sidestep the stronger US Dollar. In November, stablecoin inflows turned positive for the first time in 18 months.
- We claimed that CBDCs would remain a hot topic in theory, but not a reality. So far, so true.
- Finally, we also predicted big tech would increasingly move increasingly into crypto. We have certainly seen an increase in institutional adoption in 2023 -- not quite big tech, but big money all the same.
Overall, we're pretty pleased with our predictions.
Premium members: look back and see our complete 2023 predictions here.
Not a Premium member yet? Sign up today to access our special reports and events and our entire library of webinars, crypto scorecards, and other member-exclusive content. Small investment; big return. |
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| | | Must Read Today's most important stories for crypto investors. |
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| Investor takeaway: In this newsletter post from Token Terminal, they argue the crypto industry is transitioning from speculative to fundamentals-based investing, mirroring the evolution of traditional financial markets.
Token Terminal has captured our investing approach perfectly, making this piece a must-read. It's exciting to see our ideas catching on. |
| Investor takeaway: Bitcoin mining has transitioned from a niche hobby to a significant industry. Publicly-listed companies now dominate mining, earning more than $2 billion each quarter in 2023.
Notably, in 2023, publicly traded mining firms significantly outperformed bitcoin's price rise, with a focus on operational efficiency helping boost returns. But the upcoming bitcoin halving in spring 2024 presents challenges. Stay tuned! |
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| Investor takeaway: Tom Farley, former president of the New York Stock Exchange, is currently serving as the CEO of crypto exchange Bullish, which has expressed interest in acquiring the bankrupt exchange FTX.
Farley brings substantial financial and regulatory expertise, leading some to think he could become the next crypto king. Keep tabs on Farley and Bullish. |
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| | ICYMI In Case You Missed It |
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| | | Blockchain Basics Explain Like I'm 5 |
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| What is an Airdrop? The Quick Guide for Crypto Investors |
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Best Staking Rates The best rates for DeFi staking this week. |
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It just means they're not connected to the Internet. |
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Share the Love Help grow our crypto investing community. |
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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, Gerald Jackson, Anatol Antonovici, Matthew Du, Daniel Joel, Danielle Greving, 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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