What A Bullish Week For Crypto!
Massive Crypto Adoption News
Hey Friends,
What a bullish week it was for the crypto market, here are some of the highlights.
Cuba to accept Bitcoin and crypto
MicroStrategy bought $177 million in Bitcoin
Visa bought a cryptopunk NFT
EA Sports wants to explore crypto
Morgan Stanley owns over 1 million GBTC shares
Bill Miller bought 1.5 million GBTC shares
Nasdaq backs Valkyrie BTC futures ETF
Jack Dorsey to launch decentralized Bitcoin exchange
Citibank to start trading Bitcoin futures
Substack is accepting Bitcoin
Microsoft wins US patent for crypto tokens
Facebook's wallet could support NFTs
Prices
The market moves with Bitcoin and if we look at the weekly chart we see 5 green candles in a row so we can expect a few red candles before continuing to move upward. This would be healthy and help Bitcoin to build support levels. Of course the Altcoins will follow BTC’s moves.
PlanB released an updated stock to flow chart showing Bitcoin still has a high probability of hitting $100,000 this year. Of course, this is not a certainty and we could see the market cycle play out longer with new all time highs coming in 2022.
Interviews Recap
Mark Yusko, Founder, CEO and CIO at Morgan Creek Capital Management, discusses institutional crypto adoption, Bitcoin's growth and price prediction, Bitcoin Mining, Elon Musk and ESG, El Salvador Bitcoin legal tender, NFTs, US crypto regulations, Gary Gensler and the SEC Ripple Lawsuit and much more.
Star Atlas CEO Michael Wagner discusses how the next-gen space themed gaming metaverse where you can create, play, & learn with others globally. Star Atlas is built on the Solana blockchain and has a play-to-earn economy. Star Atlas recently partnered with major players in the mainstream and celebrity space including the US Space Force, viral TikTok star Sueco the Child, global digital fashion house The Fabricant, and six-time Grammy award nominated DJ deadmau5.
Alex Salnikov, co-founder and head of product at Rarible, discuss the growth of NFTs, the Rarible marketplace and protocol, Ethereum gas fees, NFT adoption, Visa buying a CryptoPunk NFT, the crypto market and much more.
Interviews in the works
Jack McDonald (Polysign) - will be published tomorrow (Monday)
Perianne Boring (Chamber of Digital Commerce) - scheduled
Warren Anderson (Ex-Ripple, Fidora, Discreet labs) - scheduled
Gabor Gurbacs (VanEck) - scheduled
Tim Vanderham (NCR) - scheduled
Caitlin Long (Avanti) - scheduled
Hester Pierce (SEC) - scheduled
Chris Giancarlo - in the process of being scheduled
Charles Hoskinson - in the process of being scheduled
Brian Quintenz - in the process of being scheduled
Brian Brooks - in the process of being scheduled
Okcoin
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Crypto Taxes
Are you tracking your taxes for your Crypto trading? Be sure to do so, I personally use TaxBit to help me prepare my crypto taxes which I then share with my accountant. Visit TaxBit’s website to learn more.
-Tony
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.
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