Health, Wealth, and Happiness

July 21, 2023

Howdy investors!

It's been a long and strange trip in the world of crypto. While experts made some pretty major predictions in the early days, it's taken longer than expected to come to reality.

In this newsletter, our publisher John Hargrave digs deeper into the questions posed by every child on a long road trip: "Are we there yet? And how much longer?"

Let's jump in.

Are We There Yet?

by John Hargrave

Last night was our Boston Blockchain Association summer social at Fidelity Investments. It was an incredible event, and I found myself speaking with one of the OGs of crypto. I won't name names, but you would know her name.

I asked what she thought of where the crypto market has been and where it is today.

She looked thoughtful. "I'm just trying to figure out if there's a 'there,' there."

"What do you mean?"

"Well, we’ve had a decade to create real, meaningful progress with crypto … but then ChatGPT comes along and instantly sets the world on fire. Why hasn’t crypto done that yet? Where are we going? Is there a ‘there,’ there?"

Truth be told, I think about this question all the time. Click to continue reading >>

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Next Wednesday July 26: Members-Only Workshop!

Bitcoin. Ethereum. Avalanche. Algorand. When you decide to build on (or invest in) blockchains, how do you choose?

And, just like choosing between Android and iPhone, your choice of blockchain platform comes with a "lock in cost" that could make it costly to switch down the road.

That's why we're offering our Premium members an exclusive workshop on foundational blockchain platforms.

In this Members-Only Workshop, we'll take you through our recent research on top Layer 1 blockchain protocols, explain our rating and review criteria, and what we're calling the cream of the crop in this space.

Join John Hargrave and Bitcoin Market Journal analyst (and crypto influencer) Mauricio Nogueira Silverio next Wednesday July 26 at 6:30pm EST to discuss our research and findings in a friendly Zoom Q&A.

Premium members: RSVP on Meetupto get access to this one-time-only webinar (and get the recording afterwards).

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Must Read

Today's most important stories for crypto investors.

Nasdaq pauses crypto custody plans citing the ‘shifting’ regulatory climate(CNBC)

Investor takeaway: Maybe this is a setback for those hoping for increased institutional involvement in the crypto sector... but it also underscores the importance of regulatory clarity in the mainstream acceptance of digital assets.

House Republicans Introduce Bill that Aims to Bring Regulatory Clarity to Crypto(Decrypt)

Investor takeaway: The Financial Innovation and Technology for the 21st Century Act outlines new regulatory definitions and digital asset exemptions for digital asset intermediaries like cryptocurrency exchanges, as well as a registration path with the SEC and CFTC. This legislation could provide much-needed regulatory clarity for the crypto industry, which will almost certainly drive up prices.

Coinbase to Wind Down Lending Program Over Coming Months (Coindesk)

Investor takeaway: Coinbase has announced that it will be winding down its Coinbase Borrow program over the next few months. This decision, which comes amid increased regulatory scrutiny, could impact investors relying on such lending services for liquidity, underscoring the importance of better guidelines for regulatory compliance in the crypto lending space.

Chainlink co-founder wants to bring trillions of dollars into crypto from banks (The Block)

Investor takeaway: Chainlink co-founder Sergey Nazarov believes his platform could help banks build blockchains, bringing significant value into the crypto space and potentially growing the blockchain industry by trillions of dollars. This development could lead to a massive influx of capital into the crypto market, but it also hinges on regulatory developments that would allow banks to connect their private blockchains to public ones like Ethereum.

Long-Term Wealth

$1K invested at today's market prices

This asset	invested 5 years ago	is now worth
Bitcoin (BTC)	$1,000	$4,689
Ethereum (ETH)	$1,000	$4,334
Uniswap (UNI)*	$1,000	$1,084
BNB Chain (BNB)	$1,000	$19,872

Note: The future may look different from the past. Please invest carefully.

* As UNI is less than five years old, we calculate from the launch date (Sep 2020).

ICYMI