Discover more from The Thinking Crypto Report
Are we still on track?
The crypto market is truly a roller coaster ride! We’re still in the healthy correction and consolidation phase and patience is the key here.
Long story short we are on track! When in doubt zoom out. From a macro level, Bitcoin and the crypto market is on track to higher prices this year.
Remember the multiple 30% plus corrections from the previous bull market in 2017? This is normal for the crypto market even in a bull market.
Most bullish news from this week
Goldman Sachs is relaunching their crypto trading desk. This is bullish as they had hit the brakes on this initiative in the bear market. However, they would be fools to not ramp up efforts here since BlackRock and the other major financial institutions are putting their stake in the ground. source
Citi Bank says Bitcoin is at a “Tipping Point” of adoption. Can’t get more bullish than Banks who were once against Bitcoin are now endorsing it. source
Discover, the 3rd largest US credit card company, is exploring crypto services and looking to hire a crypto product strategist. This comes as no surprise as Visa, American Express, and MasterCard have already made their presence known in the crypto industry. source
New cryptocurrencies I’m looking to add to my portfolio
I’m looking into adding the Energy Web Token (EWT) to my portfolio. It’s currently trading over $15 and the circulating supply is just over 30 million.
Why? I see huge potential given the real world problem Energy Web is solving by helping crypto companies reduce their carbon footprint. This includes companies like Ripple and Bitcoin miners. Clearly there is a need for reduction of energy usage for crypto mining.
Challenge - currently, the token is not available on major exchanges in the U.S. so it is difficult to buy. I will update you all when I have taken a position and where I purchased. (Not financial or investment advice)
Interviews scheduled for next week (3/8-3/12)
Hester Peirce - SEC Commissioner
Walter Kok - CEO of Energy Web
Videos you must watch!
If you haven’t seen my interview with Chris Giancarlo, you must watch asap. He talks about the upcoming Digital Dollar and US crypto regulations.
Disclaimer - Thinking Crypto and Tony are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This newsletter is for educational purposes and NOT investment or financial advice.