Nick Hodge,
Publisher
Dec. 8, 2021
I'm talking to more and more people who are interested in buying cryptos.
Young, old, male, female.
I think it's really becoming a much bigger and broader phenomenon.
The Bitcoin futures fund is up in trading now. Called the ProShares Bitcoin Strategy ETF , the ticker is (NYSE: BITO). I think that's going to do a lot to bring money into the Bitcoin space, into the crypto space, having an approved futures ETF that is now getting its feet underneath it.
I have been buying that one.
There's companies that are trading better now. I’ve been buying Coinbase (NASDAQ: COIN) as well.
You see more and more interviews with people like Michael Saylor and Raoul Paul. And I hear more and more people talking about those interviews, and the halvings, and what's expected for crypto heading into 2022.
Lots of people are tweeting and writing about these Volcano Bonds in El Salvador, which you can buy — they yield 6.5%.
And that gets very interesting because it really speaks to some of the uses… One of the things you hear as a detractor from cryptos is,
"Okay, but what do they do? How do you use them?"
In this case, you have a country that doesn't have its own currency that's able to issue bonds to raise money. Using crypto. And they're using geothermal energy to mine it. They're going to raise a billion dollars and half the money's going to go to build a crypto city.
So you can see how on the one hand it's getting more mass adopted, how the use cases are very real. And then on the other hand, why the establishment is so scared of it, right?
Think about the World Bank and the IMF and the roles that they play and why this is so scary for them. A couple of weeks ago, there was a thing with the UN and Elon Musk. The UN said that $6 billion of Musk’s $300 billion fortune could help solve world hunger. And Elon said that if they could do it with open source accounting that he would provide the money.
Which of course no bureaucratic institution like the IMF, World Bank, or the UN can do, right? They squander billions all the time.
But it can be done with transactions on the blockchain. Not only transparently but without the need for those entrenched institutions in general.
It’s getting very real.
It's getting more widely accepted on Wall Street as well, which portends larger money coming into the sector.
I’m very excited to finally get our new crypto trading service launched. I personally was buying some crypto related assets last week and again over the weekend.
I think 2022 is going to be a good year for cryptos.
They're firmly on the scene as a new asset class.
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