Hello to all you fellow lovers of crypto!
Once again, I am here to share my views on some of the most talked about headlines in the world of cryptocurrency.
Buckle up and grab your favorite drink because we are diving into it now:
Telegram Co-Founder Mulls IPO:
When I read about Telegram's co-founder considering an initial public offering (IPO), it prompted me to reflect.
It is amazing to think that such a significant player in the domain of messaging apps could soon go public on Wall Street. This could transform the landscape across the entire cryptocurrency industry if they take this decision.
It is true that a $30 billion evaluation will not come easily, however with their large number of users and creative approach, anything can happen.
Cathie Wood Sells Coinbase Shares:
Cathie Wood dumping off Coinbase shares worth 69 million USD made me sit upright. Cathie Wood is someone I look up to in investment circles so when she makes such moves, it forces me into a momentary pause for reflection.
Has she lost faith in Coinbase?
Or is she rebalancing her portfolio?
In any case, it merits consideration.
Michael Saylor on Bitcoin:
Michael Saylor’s statement that Bitcoin will one day eat gold is something I’ve heard before, but it always fascinates me to see it come up again.
As someone who believes in Bitcoin, I cannot help but support the feelings of Saylor in this instance. The story of digital gold is loud, and every passing moment confirms that Bitcoin is the final store of value.
Coinbase Eyes $1 Billion Raise:
Now back to Coinbase. They are planning a raise of $1 billion via convertible debt.
This looks like a follow-the-leader type strategy from Michael Saylor, who famously borrowed money to buy more bitcoin for MicroStrategy.
While they are trying to create some hype around the move with catchy phrases such as “once-in-a-lifetime opportunity,” this is a dangerous tactic given the high volatility associated with crypto assets.
Maybe it might work out well later on in time.🤷. It's crypto
Blast TVL Nears $2.97 Billion:
The news about Blast TVL nearing $2.97 billion shows how decentralized finance (DeFi) has become an increasingly popular phenomenon across different industries.
I have been observing DeFi for some time now, and I am amazed at how fast it has grown in such a short while. With more projects and protocols emerging on daily basis, DeFi has no limit at all.
Biden's Proposed Crypto Mining Tax:
To be honest, Biden’s 30% crypto mining electricity tax proposal is slightly alarming.
I’m concerned that taxing crypto mining may smother innovation and push miners out of the United States. This balancing act must be addressed by policy makers.
El Salvador's BTC Treasury Profit:
Salvador also holds $84 million worth of BTC profits in its treasury, this is a big win for the small Central American nation and a further show of confidence for Bitcoin as an asset class.
I am excited, and hope to see other countries do the same and incorporate Bitcoin(cryptocurrency) into their financial systems.
Paradigm Discusses Investment for Monad Lab:
Another indicator that institutional interest in crypto is on the rise is Paradigm’s discussion to raise over $200m for Monad Lab.
With well-known investors like Paradigm coming onboard, it becomes obvious that crypto is going nowhere soon.
I am anxious to find out what projects Monad Lab will bring about with this new funding.🤔
Elixir's Series B Valuation:
Elixir’s news is a stunner, with the company recently closing a Series B round worth $800 million.
I just found out that Arthur Hayes is involved, and it makes me feel even more excited.
Therefore Elixir is one of those projects to keep an eye on and I would not be surprised if it goes viral in the cryptospace over the next few months.
In conclusion, the world of crypto has remained as exciting and unpredictable as ever. Every new headline brings something new to learn or discover.
This may range from IPO possibilities, institutional investments, or DeFi developments among others; one thing remains certain:
Crypto is here to stay and I am excited about it.
Let’s see what tomorrow shall bring!
That’s all for today guys.
Until next time, happy investing!
I appreciate your time spent reading about my views. I look forward to seeing where cryptocurrencies and blockchain technology will take us!
Best,