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Health, Wealth, and Happiness

November 20, 2023

“The best investment you can make is an investment in yourself...the more you learn, the more you'll earn.”

- Warren Buffett

Howdy investors!

The best stablecoins are, well, stable. But some stablecoins, unfortunately, have lost their value overnight. Today, we'll present our picks for the Best Stablecoins so you can sleep easier at night.

Crypto markets have experienced a mini-bull run over the past months. The Defiant addresses the basics of what's on the horizon for a potential spot bitcoin ETF, and what it means for mainstream acceptance.

Solana has recently been one of the top-performing cryptos, rebounding strongly from its 2023 lows after the FTX collapse. If you read our take on Solana last Friday, the report below is a good counterpoint.

Finally, a recent report indicates bitcoin fundamentals have never been better, highlighting the potential for BTC to grow to a $3 trillion market cap by mid-2025.

And now, let's jump into the newsletter!

Best Stablecoins, Rated and Reviewed for 2024

by Danielle Greving

One of the major concerns that investors have over crypto is its volatility. With cryptocurrencies like bitcoin and its fluctuating prices, it’s easy to see why that would be the case.

In the 21st century, stablecoins are considered one of the significant financial breakthroughs of the era:

Stablecoins are great for traders or investors who need to “hold value” in a digital asset without cryptocurrency's volatile price swings.
Stablecoins offer new ways of earning interest (a.k.a. “yield”) at a time when traditional savings vehicles provide next to nothing. (See our page on Best Interest Rates.)
Stablecoins also offer a cheap, fast, and accessible means of transacting value across borders.

In this piece, we’ll cover our updated list of the best stablecoins and how savvy investors can use stablecoins to build wealth.

Learn more about our top stablecoins in 2024 >>

Premium Power-Ups

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REPLAY: Our "Enterprise Strategy for Blockchain” Workshop

Last Wednesday, a group of Premium members metfor an online discussion of Ravi Sarathy's groundbreaking book "Enterprise Strategy for Blockchain." The special guest was the author himself, Ravi Sarathy.

Ravi's book is an excellent resource to help us understand the business perspective on blockchain technology. It's packed with info and useful takeaways for crypto investors to help us better analyze blockchain companies.

Premium members can now get the on-demand recording of the event.

Not a Premium member yet? Sign up today. Premium members get a host of benefits, including a monthly airdrop of our BMJ token, access to special events like workshops and webinars, plus other member-exclusive content. It's a solid investment in your future!

Must Read

Today's most important stories for crypto investors.

Bitcoin Spot ETFs: Why Do They Matter? (The Defiant)

Investor takeaway:Over the past 15 years, bitcoin has grown from a niche digital currency to a global $700B asset. Some see a bitcoin spot bitcoin ETF as the next step in mainstream adoption. This would allow direct investment in bitcoin, increasing accessibility for retail and institutional investors and potentially enhancing bitcoin's legitimacy as an asset class.

Approval of these ETFs could shift public perception of bitcoin, as it will be much easier to buy, sell, and trade on traditional exchanges. Coupled with other positive developments, BTC investors could see further upside in the months to come.

Are We Heading Into A Solana Bull Market? (Crypto Pragmatist)

Investor takeaway: Layer 1 blockchain Solana has significantly recovered from a price drop after the FTX collapse. Its resurgence, marked by a sixfold price increase, is driven by renewed interest from developers and institutions, alongside solid community support.

The prospect of future airdrops has also contributed to the positive momentum. With these developments, Solana could be positioned for potential growth in the blockchain space, despite ongoing security and fee generation challenges.

Bitcoin Fundamentals Have Never Looked Better (Coindesk)

Investor takeaway: Well-regarded brokerage Bernstein released a research report on Monday forecasting, among other things, that bitcoin will reach $150k in mid-2025 based on the acceptance of a spot bitcoin ETF (among other factors).

There's a lot here to dig into. Still, we think it's clear that Investors might consider this an opportune time to evaluate or increase their holdings in bitcoin, especially in light of the upcoming halving event and favorable changes in accounting standards that could boost corporate adoption. Additionally, the potential approval of a U.S.-listed bitcoin ETF could further simplify access and increase demand.

Long-Term Wealth

$1K invested at today's market prices

This asset	invested 5 years ago	is now worth
Bitcoin (BTC)	$1,000	$5,850
Ethereum (ETH)	$1,000	$4,701
Uniswap (UNI)*	$1,000	$918
BNB Chain (BNB)	$1,000	$17,967

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