| Health, Wealth, and Happiness |
| |
| "Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso." - Andrew Ross Sorkin |
|
In today's issue: We've spent five years developing thousands of articles, analyst reports, and investor scorecards on finding quality crypto investments.
As one of our Premium members said to us recently, "90% of crypto projects are junk, but you guys help me find that 10% that are really valuable."
He pointed out that the industry isn't set up to help you find valuable projects. When you go to CoinMarketCap (or any other crypto site), companies are listed by market cap, not value.
Investors get the wrong impression that market cap = value. This is false.
How does one find true value? A few weeks ago, we published our Crypto Investing Principles in one simple, step-by-step guide. Today's video shows you how to find crypto projects with real value... not just market cap. Read on. |
|
| | | Must Read Today's most important story for crypto investors. |
|
ERC-6551 is a new token standard for non-fungible tokens (NFTs) that could significantly change the NFT landscape. Also called token bound accounts (TBAs), this new class of NFTs is compatible with the existing ERC-721 NFTs.
TBAs give NFTs smart contract capabilities, enhancing the functionality of NFTs and allowing them to act as smart contract wallets. An NFT created under this standard will be able to hold other assets like tokens or other NFTs. |
|
Image via Twitter
Adding this functionality unlocks a number of cool use cases that could make NFTs more valuable than "overpriced JPGs." These include:
Composability - This allows you to bundle your NFT with other assets into one profile. These assets can then be sold or transferred together.
Identity - NFTs can have their own accounts and interact with dapps independently.
Provenance - This will allow you to get a full picture of the past history of an NFT beyond simple ownership.
Dependency - Your NFT can interact by itself with other on-chain assets or platforms, enhancing its functionality and value.
However, the standard faces some challenges including adoption, security, and user-friendliness.
Investor takeaway: If TBAs become widely adopted, expect to see another NFT boom. It has great potential applications for the gaming, art, and identity industries, with more use cases just waiting to be discovered. Watch this space closely and stay subscribed! |
|
VIDEO: How to Value Crypto Investments by John Hargrave |
|
| | | ICYMI In Case You Missed It |
|
| | | Share This Meme Copy, paste, and post |
|
| Share the Love Help grow our crypto investing community. |
|
Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It's created by John Hargrave, Nick Marinoff, 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! |
|
|
|
|
|
|
