Archive: Crypto Asset Strategies – Updates
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Blindly Believing the Fed
By Adam Sharp on November 5, 2021
I came across an interesting opinion piece on CoinDesk today titled “Will Bitcoin Win When the Fed Stops Buying Bonds?” Beginning in November, the Fed will purchase $10 billion fewer Treasury bonds and $5 billion fewer mortgage-backed securities (MBS) each month until the $120 billion program is depleted sometime in mid-2022. The Fed left itself some wiggle room to pause or accelerate this “taper” depending on extenuating circumstances. It…
Layer One Ethereum Competitor Performing Well
By Adam Sharp on October 29, 2021
Layer one blockchains competing with ethereum have been on FIRE, especially Solana (SOL). One of our portfolio coins falls in that blockchain category, and it’s been doing extremely well too. In fact, it’s been doing well enough that some of you might be thinking about taking profits.
Bitcoin Keeps Outperforming Altcoins
By Adam Sharp on October 15, 2021
Bitcoin continues to perform well against altcoins, after lagging significantly earlier in the year. It’s hard to say how altcoins will react if bitcoin goes above $100,000. They may soar higher right along with it. Or they may struggle for attention in the face of a…
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…
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…
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…
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…