Archive: Crypto Asset Strategies
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Bitcoin Soars Past Altcoins
By Adam Sharp on October 8, 2021
Bitcoin has been beating altcoins over the last few weeks — which is something we haven’t seen in a long time. And I think this trend may continue for a while. We could even get a situation where bitcoin “sucks all the air out of the room,” which we also haven’t seen for a while. High flyers like Avalanche (AVAX) — which has had an absolute monster year — are understandably experiencing a minor correction, while…
How to Avoid Getting Hacked
By Adam Sharp on October 1, 2021
This week news broke that up to 6,000 Coinbase customers were hacked between March and May 2021. Here are the basics of the situation via Coindesk: Between March and May 20, the hacker or hackers used a flaw in…
China Bans Crypto Again
By Adam Sharp on September 24, 2021
China is banning crypto — again. And markets are selling off hard in response. It’s deja vu all over again. It reminds me of a great quote from venture capitalist…
$33 Billion Fintech Unicorn Uses Bitcoin for International Payments
By Adam Sharp on September 17, 2021
Revolut is a fast-growing e-bank in the U.K. that’s worth $33 billion. And this week we found out that it is using bitcoin to pay for its U.S. office rental space. Ryan Weeks of The Block did a nice…
Keep an Eye on FTX Token
By Adam Sharp on September 10, 2021
FTX Token (FTT) is the native currency of the FTX crypto exchange. FTX is a very fast-growing and profitable exchange founded by 29-year-old billionaire Sam Bankman-Fried. Bankman-Fried is pretty much the Midas of the…
Institutional Crypto Adoption Ramps Up
By Adam Sharp on September 3, 2021
In today’s Early Investing newsletter, I wrote about some very bullish rumors from Mike Alfred, a leading player in the institutional bitcoin world. In a pair of tweets, he revealed that a large number of institutions have bought into bitcoin — and more…
NFTs Have Unrealized Potential
By Adam Sharp on August 27, 2021
I’ve been watching the non-fungible token (NFT) space closely over the last three months or so. And my conclusion is pretty simple. Art NFTs are here to stay — and we’re just beginning to see the potential utility for NFTs beyond artistic projects. …
Introduction to Solana (SOL)
By Adam Sharp on August 20, 2021
Solana (SOL) is an up-and-coming Ethereum competitor. It’s a proof-of-stake coin, and its network is extremely fast and powerful. The requirements to run a validator are extreme (it requires a powerful server with 128GB of RAM, which is a…
Inflation Pushes Bitcoin Higher
By Adam Sharp on August 13, 2021
It was a very nice week for crypto. Bitcoin is up 9% over the last week, while ethereum is up 12.9%, according to CoinMarketCap data. Ethereum jumped on its implementation of EIP-1559, a network upgrade that burns a portion…
Crypto Faces More Government Scrutiny
By Adam Sharp on August 6, 2021
There’s a proposal in the infrastructure bill making its way through Congress that could be bad for crypto. CNBC recently covered the issue in an article titled “White House backs senators pushing for stricter crypto reporting rules.” (Vin Narayanan covered this…
Crypto Market Rallies, Bitcoin Still on Top
By Adam Sharp on July 30, 2021
It’s been very encouraging to watch the crypto rally this week. Bitcoin has led the way over the past week, rising 20% from the beginning of the week to Friday. Most altcoins are up anywhere from 5% to 15% over the same time period. …
Why We Need Crypto Bears
By Adam Sharp on July 23, 2021
Lately I’ve been watching a crypto YouTube Channel called UpOnly. It’s run by two experienced crypto traders, Ledger and Cobie. In April, they hosted a show titled Big Brain Crypto Club. It…
A New Decade of Inflation
By Adam Sharp on July 16, 2021
Bitcoin continues to trade in a pretty tight range between $30,000 and $35,000. There’s a possibility that it could drop to the $20,000 range, but I don’t see it going much lower than that. Of course, anything can happen with crypto. Regardless, I remain certain that…
How to Help the Crypto Community
By Adam Sharp on July 9, 2021
Crypto is bouncing a bit today, but bitcoin’s price is stuck in a pretty tight range between $32,000 and $35,000. Just as an exercise, let’s take a quick look at one of crypto’s potential short-term headwinds. The primary risk is regulatory. We’ve seen what…
A Powerful Trading Lesson From Warren Buffett
By Adam Sharp on July 2, 2021
Back in May, one of my favorite Twitter accounts, 10-K Diver, tweeted something amazing. In his 1989 letter to Berkshire shareholders, Warren Buffett shared a very insightful calculation: This is an incredibly powerful lesson — one…
Market Correction Doesn’t Mean Crypto’s Bull Run Is Over
By Adam Sharp on June 25, 2021
Wow! What a crazy few weeks. This correction has been brutal. But I remain convinced that we are still in a long-term bull market uptrend. Let me explain why. Take a look at this chart on Twitter.