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| “Spend each day trying to be a little wiser than you were when you woke up.” - Charlie Munger |
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| Howdy, investors!
You probably already know the importance of keeping your crypto safe, especially as your portfolio grows. Today, we reveal our updated list of the Best Bitcoin and Crypto Custody Providersto help you sleep better at night.
In other news, Coin Metrics dropped their latest piece on Dollar Cost Averaging. You'll see how steady-drip investing into bitcoin has been one of the best crypto investments. (See the chart below.)
Also, Casper Labs conducted a large survey of IT executives and found that AI is the most popular blockchain application among businesses. Keep your eyes peeled for projects with the AI/blockchain connection.
Finally, everyone's talking about "selling block space" as the next big blockchain business model. They really mean "charging transaction fees": see below for the explanation.
Finally, since Binance's guilty plea to the DOJ, $COIN shares have rallied for five consecutive sessions, showing that investors think Binance's blues can be Coinbase's good news. (All those US exchange users have to go somewhere.)
Read on to explore more! |
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| Best Bitcoin and Crypto Custody Providers, Rated and Reviewed for 2024 by Preetam Kaushik |
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| One of the biggest challenges for crypto investors is where to keep their holdings safe.
You can hold it yourself, of course, but cold wallets bring their own set of challenges. It's far easier to store them with a crypto custodian. A custodian serves as a sort of bank, providing key features you’d expect, like wallet security and authorization controls, to protect against fraud or theft of crypto assets. In our updated guide, our editors reveal their picks for the top crypto custodial services, rated and reviewed for 2024. |
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| Premium Power-Ups Level up your crypto investing game. |
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NEW Blockchain Risk Scorecard: ETC
We're excited to announce our latest Blockchain Risk Scorecard: Ethereum Classic (ETC).
Ethereum Classic is the alternate Ethereum (though ETC believers call it the "true Ethereum").
It was born from the hard fork on Ethereum that occurred in July 2016 after The DAO hack. Ethereum (ETH) created a parallel version of Ethereum to restore funds from the hack, while Ethereum Classic (ETC) did not.
ETC has plenty of investors -- it's still in the top 30 crypto assets worldwide -- but we've analyzed all the potential risks. Premium members can download our new Ethereum Classic Risk Scorecard here. |
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| | | Must Read Today's most important stories for crypto investors. |
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Investor takeaway: Dollar Cost Averaging (DCA) -- investing the same amount each month, regardless of price -- is our favorite way of investing in crypto (read our guide here). This new analysis from Coin Metrics shows that it only works, however, if you're investing in quality crypto assets. |
| This chart shows that dollar-cost averaging in bitcoin, even if you started at bitcoin's all-time high in November 2021, would still make you money -- you'd have invested $7,500 (red line) which would now be worth $10,000 (yellow line).
As the report says, it's not about timing the market. It's about time in the market. |
| Investor takeaway: This survey, which polled more than 600 IT executives across the US, UK, China, Germany, Austria, and Switzerland in September 2023, provides the most in-depth look to date at how many organizations are employing blockchain as a complementary technology to AI. For crypto investors, AI has emerged as the single-most popular business application for blockchain among businesses. Keep your eyes open for crossover projects that are actually attracting users. |
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| Investor takeaway: A new alternative to the SaaS model is evolving in the tech world: block space.
"Block space" is just the fancy way of saying "transaction fees." With a blockchain like Ethereum, people pay fees to have their transactions recorded on-chain. So, in a sense, they're selling "block space."
Any Layer 1 or Layer 2 blockchain can now say their revenue model is based on "selling block space," but this is essentially what they mean. The more transactions, the more fees.
Once again, this is why monthly active users is one of the best metrics for measuring blockchain success: it also tells you how much "block space" they're selling. |
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| | ICYMI In Case You Missed It |
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| | | Blockchain Basics Explain Like I'm 5 |
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Best Staking Rates The best rates for DeFi staking this week. |
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No matter your IQ, our approach will always be "Stack sats and HODL." |
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| Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It's created by John Hargrave, Steve Walters, Gerald Jackson, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.
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