EddieJayonCrypto
15 Jun 22
• Raoul Paul of Goldman Sachs fame and Real Vision Co-founder & CEO is doubling down on crypto • While Coinbase and Crypto.com are laying off massive amount of staff, Binance is on a hiring spree• Netflix, Etsy and PayPal have each fallen more than Bitcoin, so why all the FUD• Three Arrows Capital ...
• Raoul Paul of Goldman Sachs fame and Real Vision Co-founder & CEO is doubling down on crypto • While Coinbase and Crypto.com are laying off massive amount of staff, Binance is on a hiring spree• Netflix, Etsy and PayPal have each fallen more than Bitcoin, so why all the FUD• Three Arrows Capital (3AC) may be insolvent despite moves a few days ago to try and bolster against liquidations• Derby Stars, a play-to-earn game on the Terra platform, has said they are making plans to migrate to PolygonThe thinning of the herd has begun and it will continue for a bit. Here is what is on my mind today.1. Raoul Paul of Goldman Sachs fame and Real Vision Co-founder & CEO is doubling down on crypto during the market collapse. Look, people with money on the sidelines are getting in at the lower prices while others are falling out. There will be more due to liquidations. I have told you I have implemented a DCA strategy. Want more of a sign? Sequoia Capital has launched 2 new funds to increase Web3 investment. 2. While Coinbase and Crypto.com are laying off massive amount of staff, Binance is on a hiring spree. During Consensus, CZ said, “If we are in a crypto winter, we will leverage that, we will exploit that to the max.” Do you think he built a big reserve for his company? I think so. 3. I am cracking up when I hear ani-crypto people calling for its demise, especially when I see what stocks have tanked more than Bitcoin. Stocks like Netflix, Etsy and PayPal have all dropped far more than Bitcoin. Yeah, I am sitting back DCA'ing and sipping my cappuccino! 4. Three Arrows Capital (3AC) may be insolvent despite moves a few days ago to try and bolster against liquidations. There was a cryptic note released on Twitter by it co-founder, Zhu Su, “We are in the process of communicating with relevant parties and fully committed to working this out.” Is this one of the firms Peter Schiff was talking about the other day that may go bankrupt? Even Tether has had to come out with statement saying they have no exposure to Celsius nor 3AC. Let the shake-up begin! 5. Derby Stars, a play-to-earn game on the Terra platform, has said they are making plans to migrate to Polygon. I am not surprised and I expect more projects to bail on Terra and jump over to Polygon. This is why the Layer2 (acting like a Layer 1) has legs, in my opinion: a stable and fast platform that has been a reliable one for hundreds of projects.