Cryptofolio

News, reviews, popular tweets, services and platforms among crypto ecosystem. #crypto #trading #btc #bitcoin #ethereum

[Cryptofolio @cryptofoliopro]

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[Cryptofolio @cryptofoliopro]

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[Cryptofolio @cryptofoliopro]

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[Cryptofolio @cryptofoliopro]

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[Cryptofolio @cryptofoliopro]

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[PEoperator⚡️ @PEoperator]

I turn 38 today. In my own honor, here are 38 life lessons accrued so far...

1. Everybody worships something. Choose wisely.
2. Who you marry is by far the biggest decision you will make while on Earth.
3. Marriage is miraculous.
4. Looking for wisdom always results in finding wisdom.
5. There is no such thing as a free lunch.
6. The world is a system. You are interacting with it. When you are aware that you are interacting with it, you are more powerful.
7. It is better to be lucky than good.
8. The harder you work, the luckier you get.
9. Most people are looking for security and safety, especially in business.
10. Living for yourself is hollow.
11. Everything is about telling a story.
12. Everyone wants to know what you can do for them.
13. Being kind is not always free, but it is always right.
14. Showing kindness does not mean being a pushover.
15. Raising (good) kids is hard.
16. Sacrifice is fulfilling.
17. High achievers want the autonomy to reach their potential.
18. Finding the right battle to fight is hard but important.
19. Friends have a huge impact on who you become and what you work on.
20. Everyone should lift weights.
21. Nobody cares if you’re tired, especially your kids and your boss.
22. All mentor/mentee relationships eventually end.
23. Time is the ultimate currency.
24. Rest is underrated.
25. OK ideas well executed > GREAT ideas poorly executed
26. Conviction is hard to come by.
27. Often, winning just requires suffering longer.
28. Simple is hard, but best. Complexity hides lack of understanding.
29. Data has limits.
30. Reading is life giving.
31. Forgiving others costs you something.
32. Ancient people were not dumb.
33. Being ALL IN is increasingly a superpower.
34. The traditional, nuclear family is the greatest organization of people of all time.
35. Your gut knows.
36. No one is thinking about you. They are thinking about themselves.
37. If it were easy, you would have already done it.
38. There is always a reason to be thankful.

[The Crypto Lord @Thecryptolord_]

Exciting times ahead! After #SOL, it looks like its Base's time to shine!

Shill me your favorite #BASE chain meme projects to explore and support!

Drop your recommendations below! 👇🏽

#crypto #memes #Base #BaseChain

[Anthony Pompliano 🌪 @APompliano]

This is the letter that I wrote to investors this morning:

To investors,

I started writing The Pomp Letter in May 2018. Next month will mark 6 years of writing every morning about bitcoin and financial markets. Throughout this time, I have been the sole writer and operator behind our work.

I started writing because it helped me to formulate my thoughts each day. You can’t write clearly if your thinking is messy. Although writing is the most selfish thing I do, it has been very cool to see The Pomp Letter grow to more than 30 million readers annually — this makes you part of one of the largest reader audiences in finance.

But now I want to do something even bigger and better.

Today I will announce a push into the traditional finance vertical. We are going to do original reporting through the same outlook on the world that you have come to expect from The Pomp Letter — an outlook that ignores mainstream narratives, obsesses over finding truth, and constantly questions everything.

This is a big, bold bet on my part. It is a little scary and very risky. It is a bet worth making though.

In order to pull this off, I have teamed up with Phil Rosen — an award-winning journalist from Business Insider who previously wrote one of the most popular finance newsletters on Wall Street.

Phil has a set of skills that I don't have. Together we are a great team.

So…buckle up. We are going to start covering Wall Street just as passionately as we have covered bitcoin. You can expect unique insights, exclusive interviews, and a data-driven analysis of various markets that are driving capital flows across finance.

For those of you who only want bitcoin content, nothing will change for you. You will still get The Pomp Letter every morning. I will write it with the same focus and intensity that I have for the last 6 years.

The new content will be sent under the name Opening Bell Daily (@ReadOpeningBell). We will slowly roll it out to each of you over the next two weeks. This is a deliberate strategy to ensure that the product and content is as high-quality as we can make it. Please give us feedback early on — feedback is a gift that will help us continue to improve.

If you don't want to join us for the ride into enemy territory (Wall Street!), I get it. You can unsubscribe from the new coverage by clicking the unsubscribe button when you receive the welcome email. I only want you to get information from us if you find it valuable and informative. There is more information in the press release below.

For those of you who want the Wall Street content, I can promise you we are going to do our best to build something that is worth 5 minutes of your precious time every morning.

I appreciate all of you immensely. You have made the last 6 years incredibly fun and informative. I can't wait to see what the next 6 years hold.

-Anthony Pompliano

[joji @metaversejoji]

being in crypto is like

today you wake up you’re rich and you feel like it’s your birthday again

tomorrow you wake up your broke and you’re depressed again

[BTCC @BTCCexchange]

Big red candle yesterday, but @Bitcoin stabilizing around $66k now. Are we establishing a higher low?😴

#patience

[Remitano @remitano]

Get ready to experience the all-new Remitano Interface, launching in just 24 hours! 🎉

Are you excited for a revamped trading experience designed to elevate your crypto journey?

💬 Comment "@remitano New Look" if you are ready for its official launch!

#Remitano10

[Anthony Pompliano 🌪 @APompliano]

"Bitcoin Is The Greatest Macro Bet of All-Time"

@DTAPCAP has seen a lot across financial markets, so worth paying attention when he breaks down:

- bitcoin
- macro environment
- Fed decisions
- where he is investing now

Full episode here on X.

LISTEN: https://t.co/IDqZjwKbIn

[Anthony Pompliano 🌪 @APompliano]

America is not ready for the conversation on how sports betting presents better odds of winning than the state-sanctioned lotteries.

Really says something when the state is taking money from citizens by presenting 300 million-to-1 odds.

[Anthony Pompliano 🌪 @APompliano]

The Last Gasp From Wall Street

There is an article in the Wall Street Journal titled "Bitcoin Is Soaring This Year. Goldman’s Crypto Skeptic Isn’t Biting.” The piece profiles Goldman Sachs’ Wealth Management Chief Investment Officer Sharmin Mossavar-Rahmani, who happens to be the firm’s second-longest tenured partner.

Although Sharmin has a storied career and deserves every ounce of respect she has earned throughout the years, there are numerous claims in this specific article that are inaccurate. I thought it would be helpful to go through them one-by-one.

First, Sharmin was talking to a Goldman Sachs intern in 2022 and posed two questions: “Have you thought about what it’s worth? Have you thought about at what point you’ll get out?”

These are fair questions to ask about any investment asset, but the questions are harder to ask about a native currency. For example, if I asked someone what is the US dollar worth, they would likely have a hard time quoting an acceptable answer. If I also asked an American at what point will they get out of the US dollar, people would look at me like I was crazy.

Bitcoin, the world’s largest and most valuable digital currency, is becoming the native currency of the internet. An entire generation that spends most of their time in front of a screen, and mainly interacts with other humans in the digital realm, sees bitcoin as the global internet reserve currency that serves as the default store-of-value.

The second point Sharmin makes in today’s article is “We do not think it is an investment asset class. We’re not believers in crypto.” This is a tough position to take on a $2.5 trillion asset class that is currently seeing tens of billions of dollars invested into it year-to-date from sophisticated institutional investors.

Sharmin is essentially claiming that she is smarter than everyone else and she is smarter than the market. Everyone else must be wrong. It is kind of wild to think this, but even more insane to say it out loud to the Wall Street Journal.

It would be one thing to say that you don’t think bitcoin’s future is bright. You could say that the assets may not be worth what people are valuing them at today. But to claim that the $2.5 trillion industry is not an asset class is simply detached from reality.

Third, WSJ’s Gregory Zuckerman writes that Sharmin’s “view is based on the fact that it is nearly impossible to accurately value cryptocurrencies, which don’t produce earnings, cash flow or dividends.” This is an easily disproven point and it highlights that Sharmin has likely not done the work to study the assets and the industry.

For example, bitcoin produces earnings via the block subsidy and transaction fees. Rather than those earnings being captured by a centralized entity on a single P&L, the earnings and cash-flow are captured collectively by the decentralized network participants. If you were to count up that revenue, you would see that bitcoin is currently producing more than $21 billion in annualized revenue from the block subsidy alone.

If you take this analysis a step further, there are plenty of blockchain protocols that allow for staking, which can be compared to dividends and/or cash-flow. I am not claiming that these assets are companies, nor am I claiming that it is a perfect 1-to-1 comparison, but I am stating that various crypto assets have earnings, cash-flow, and dividends. This means that Sharmin’s claim, which I find to be an intellectual crutch used by people who haven’t taken the time to study the industry, is inaccurate.

Fourth, Sharmin claims that investors should steer clear of cryptocurrencies because of the crimes they facilitate. Again, this shows a lack of awareness of basic facts. As it has been proven time and again, nefarious or illegal transactions using crypto makes up less than 0.5% of all crypto transactions. Additionally, when compared to fiat currencies like the US dollar, crypto is not even in the same ball park in terms of popularity. And if those two points weren’t enough, law enforcement leadership has routinely told me that the public ledger component of a blockchain makes it very easy for them to track criminal activity, so they prefer when people are using these assets for criminal behavior.

Lastly, Sharmin points to the fact that bitcoin is “too volatile” to become a medium-of-exchange and that the industry “creates absolutely no value in any shape or form.” The idea of bitcoin being too volatile is really a comment on the exchange price between bitcoin and US dollars. One bitcoin continues to equal one bitcoin, just as one dollar equals one dollar. But since 2020, the US dollar has lost 25% of its purchasing power and bitcoin has gained 800% of its purchasing power — I will leave it to you all to decide which one of those scenarios is better for holders of the respective assets.

On Sharmin’s point of no value being created “in any shape or form,” this is obviously incorrect given the $2.5 trillion asset class, multiple public companies valued at tens of billions of dollars, more stablecoin transaction volume than Visa, and the most popular ETF launches in history.

After reading the Wall Street Journal article, I realized something — we are watching a last gasp from the traditional financial system. The old guard is screeching about their antiquated world view that is being disproven daily for the last 15 years.

The transition from an electronic CUSIP-based financial system to a digitally-native system is not going to happen overnight. It will take decades. But the trends are clear and the well-respected, highly accomplished people like Sharmin Mossavar-Rahmani are unfortunately going to be on the wrong side of history.

[The Graph @graphprotocol]

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[Every Movie Plug @everymovieplug]

🚨Don't be left behind during this crypto BULL run 📈

Less than 48 hours remain for the epic $FAI presale and 2024's biggest Ethereum launch 👇

@TradeWithFAI

Huge #airdrop incoming 💰No KYC #Futures Trading 🚀 Up to 20x leverage

[AltLayer @alt_layer]

AltLayer 🤝 @SeiNetwork

We are excited to partner with Sei to make it easier for devs to launch the groundbreaking ‘Parallel Stack’. It will empower hundreds of rollups to unlock parallelized execution on Ethereum!

Details 🧵👇

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[COTI Foundation @COTInetwork]

COTI V2 white paper is here!
Your guide to the fastest and lightest confidentiality L2 on @ethereum, this white paper describes the revolutionary breakthrough in blockchain encryption and our innovative implementation of decentralized sequencers 🧵
👉https://t.co/G3BapUUGCN

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