BMJ Reward Tokens: 32,420

Health, Wealth, and Happiness

October 13, 2023

“The four most dangerous words in investing are, it’s different this time.”

- Sir John Templeton

Howdy investors!

It's Friday the 13th, considered by many to be an unlucky day. However, we don't invest based on superstition. We'll cover how bitcoin has performed on this most unlucky day to show you why there's no need to worry.

Ironically, just after we reported on the JPM Coin in our last issue, JP Morgan initiated its first collateral settlement using blockchain technology. We called it: blockchain technology is coming to mainstream financial operations.

We're not the only one bullish on the prospect of bitcoin ETFs. Matthew Hougan, CIO of Bitwise Asset Management, predicts $55 billion in inflows to bitcoin ETFs over the next five years. However, he also said that uptake could be slower than the market believes.

Finally, we look at the testimony of Caroline Ellison, former CEO of Alameda Research, in the trial of her former boss, Sam Bankman-Fried.

Keep reading to learn more.

SPECIAL REPORT: Bitcoin on Friday the 13th

by Steve Walters

Investor Takeaway: Investors might be interested to know that, despite the negative connotations of the date, the S&P 500 averages a gain of 0.1% on Friday the 13th. However, bitcoin has shown far higher gains than stocks on this traditionally unlucky day. Here's the data to show that investors should consider continuing to build their crypto wealth without being hindered by superstitions.

Happy Friday the 13th, HODLers!

It might seem odd to wish you a happy day on this, considered the most unlucky of days. However, we don't invest on superstition: crypto investors may have several reasons to buck this trend and put a smile on their faces.

We’ll dig into stories, superstitions, and how bitcoin has historically performed on Friday the 13th. Hopefully, this will settle the spirits of those nervous about today’s date.

Don't be paraskevidekatriaphobic. Click here to read the full story >>

Premium Power-Ups

Level up your crypto investing game.

Future Winners Portfolio: Q3 2023 Update

Our Future Winners portfolio began during the 2021 crypto boom. (Good times.)

Our overall performance is down, because the crypto market has fallen since then. (Bad news.)

The good news is that despite a relatively flat market for crypto, our results are gradually closing in on the S&P 500.

Although our portfolio has been down since its inception, it is still up since the start of 2023. We are long-term investors and believe this quarter’s performance is simply one step in a long journey (5+ years).

Premium members can download our latest quarterly updates on our Future Winners Portfolio and our Blockchain Believers Portfolio. Keep the faith!

Must Read

Today's most important stories for crypto investors.

JPMorgan Debuts Blockchain Collateral Settlement in BlackRock-Barclays Trade (Bloomberg)

Investor takeaway:JPMorgan Chase has initiated its first collateral settlement using blockchain technology through its Tokenized Collateral Network (TCN). BlackRock Inc. was the first to use the service to tokenize shares from one of its money market funds, which were then transferred to Barclays PLC as collateral for an over-the-counter derivatives trade.

We consider this an indication of the growing integration of blockchain technology in mainstream financial operations. Crypto is going mainstream.

Bitwise CIO Expects U.S. Spot Bitcoin ETFs to See $55 billion of Inflows in First 5 Years (Pensions & Investments)

Investor takeaway: Matthew Hougan, CIO of Bitwise Asset Management, predicts that U.S.-listed spot bitcoin ETFs, once launched, will attract $55 billion of net inflows over the next five years.

While the short-term impact of the bitcoin ETF approval might not be immediately apparent, in the longer-term, it should create upward momentum for the price of bitcoin, so long-term HODLers should benefit.

Caroline Ellison Tells Jury She Dreaded Inevitable Collapse of FTX (The Wall Street Journal)

Investor's Takeaway: Caroline Ellison, former CEO of FTX's affiliated hedge fund, Alameda Research, and former girlfriend of FTX Founder Sam Bankman-Fried, has taken the stand in Bankman-Fried's trial.

During her three-day testimony, she painted a picture of internal chaos and ethical compromises within the organization, driven by a utilitarian approach that justified dishonest actions for perceived greater benefits.

Ideally, we see the FTX trial as a step toward more stable and transparent regulations in the crypto space, which will benefit everyone.

Best Stablecoin Interest Rates

The best rates for staking and lending stablecoins this week.

Click here to see our current rates, updated weekly.

Note: Nexo rates are dependent on your Nexo Loyalty Tier, which is based on the number of Nexo tokens held in your account. Your rates may vary.

ICYMI