tl;dr
• Justin Sun is ready to drop $1B on DCG assets; this should be a scary• BNY Mellon continues to make strides in the crypto space; pay attention• If developer talk is on point, Shibarium is going to be impactful for SHIB• Solana popped back into the top 10 coins but…• If you are using a dollar cost ...
• Justin Sun is ready to drop $1B on DCG assets; this should be a scary
• BNY Mellon continues to make strides in the crypto space; pay attention
• If developer talk is on point, Shibarium is going to be impactful for SHIB
• Solana popped back into the top 10 coins but…
• If you are using a dollar cost averaging strategy, I think you should also plan for money on hand to snatch any op-up opportunities
• Reserve bank of India Governor reiterate his desire for a hard ban on crypto
The next week is going to prove to be quite interesting. Here is what is on my mind today.
1. You know things are tough when you hear that Justin Sun is willing to buy your assets for $1B. This is what dangling in the universe at the moment. How bad is DCG doing that Justin Sun that vulnerable. I know people are getting tired of me harping on this, but in addition to Genesis and Grayscale DCG has tentacles all over the crypto world, including Blockchain.com, BitPay, BitGo, Chainalysis, Circle, Coinbase, CoinDesk, Decentraland, Etoro, Hedera Hashgraph, Kraken, Ledger, Lightning Network and a lot more.
2. BNY Mellon is delving deeper and deeper into crypto and underlying technologies. We should be paying a lot of attention to traditional financial institutions that are doing the same. More importantly, if you are looking at stocks, you should be paying serious attention to banks that are not. I look at the latter and think 'There goes a bank that is about to get sliced, diced and sold.
3. The more I read the more I think Shibarium can have a big impact on SHIB. It is hard to disbelieve the positivity I am seeing from developers and people in the know. I am not one to completely buy in on insider news, but the Shiba Army has been working hard and it may all soon pay off.
4. Solana briefly entered back into the top 10 cryptos. Currently, it is at 11 on CoinMarketCap. This stems from an amazing 132% run up by the coin. That's nice, but I am still not putting my money on it. I could be wrong, but I am looking at it from a technology perspective. How is this project going to grow and prosper if I cannot trust it to remain stable?
5. Please tell me you have some cash on hand in case things drop. I have been enjoying the upward momentum and I keep using my revamped DCA strategy, but I am also keeping some money on the sidelines in case of pop-up opportunities.
6. Reserve Bank of India governor seems to have a one-track mind in his battle to completely ban crypto. While other countries are simply looking to tightly regulate crypto, and others looking to find ways to embrace it, India represents the absolute worst decision. I am continuing to watch this unfold around the world. I keep my eye on global affairs because they can quickly grow into broadening sentiment.