Health, Wealth, and Happiness |
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"If you get up in the morning and think that the future is going to be better, it is a bright day." -Elon Musk |
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| Howdy, investors!
- Today, we look at the top banks for crypto users. These are the most forward-thinking banks willing to hold your crypto, which we've rated on trust and reliability.
- There are a lot of moving pieces in the crypto ecosystem. Forbes looks at three key trends that could determine the direction of the industry in 2024.
- One trend Forbes didn't consider is the increasingly aggressive marketing of spot bitcoin ETFs to the Boomer generation. What impact will this shift have on the industry?
- Memecoins are known to be a minefield for investors. One analyst breaks down what he perceives as memecoin market manipulation.
Read on to explore more! |
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| Best Bitcoin Banks, Rated and Reviewed for 2024 by Danielle Greving |
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| Where can you safely store your bitcoin?
Just as traditional banks give us secure access to our money – along with other financial services like ATM withdrawals, loans, and debit cards – crypto investors are increasingly looking at financial institutions that can do the same for bitcoin and crypto.
In this up-to-date guide, our editors have reviewed the best bitcoin- and crypto-friendly banks and financial institutions, along with our Bitcoin Market Journal rating for each, based on user reviews and reliability. |
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| Premium Power-Ups Level up your crypto investing game. |
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| Our Newest Blockchain Risk Scorecard: Toncoin (TON) |
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| The Open Network (TON) is a decentralized internet platform initially created by Telegram.
Even though Telegram later withdrew its involvement due to legal disputes, the project experienced a revival under independent developers operating through the TON Foundation.
TON provides its customers with fast, transparent, and secure payment services, facilitating transactions with minimal fees and third-party applications. Its super-fast processing gives TON an advantage. But is it enough to make the project a good investment?
Our analysts put TON into our industry-leading Blockchain Risk Scorecard, which measures the risk level associated with a blockchain project. Premium members can download the Toncoin Risk Scorecard here.
Not yet a Premium member? Sign up now and get access to all our investor scorecards, along with other great benefits like monthly BMJ token airdrops, our proprietary portfolios, and cool crypto T-shirts. |
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| Must Read Today's most important stories for crypto investors. |
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Three trends could be key to the crypto markets in the coming months: FTX's plan to compensate investors following its collapse, a U.S. government investigation into the energy consumption of crypto mining, and the expanding trend of tokenizing real-world assets. Great read for new investing ideas. |
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Major firms are marketing bitcoin ETFs to older, wealthier, and more risk-averse investors. The marketing strategies often emphasize the ease and safety of investing in bitcoin through ETFs. Given that this group controls the bulk of investment dollars, this could drive demand for bitcoin, steadily increasing prices. |
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This is an in-depth critique of perceived market manipulation with the memecoin BOZO. The author suspects this manipulation could be widespread in the memecoin ecosystem. As always, we recommend avoiding memecoins, if only to avoid memecoin market manipulation. |
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| Chart of the Day
Which projects are making money? |
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| Average Revenue Per User (ARPU) is a simple measure of how efficiently a project makes money. This is an important metric to understand profitability and growth potential.
ARPU is calculated by dividing the project's daily revenue by the number of daily active users.
For decentralized exchanges with a high ARPU, it shows their users are generating high trading volume, which could show their platforms are providing real value. Ideally, pair ARPU with overall revenue and operational costs for a full picture. |
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| | | Long-Term Wealth $1K invested at today's market prices |
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| This asset | invested 5 years ago | is now worth | | Bitcoin (BTC) | $1,000 | $6,785 | | Ethereum (ETH) | $1,000 | $5,357 | | Uniswap (UNI)* | $1,000 | $1,061 | | BNB Chain (BNB) | $1,000 | $21,914 |
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| 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). |
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| | ICYMI In Case You Missed It |
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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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