Health, Wealth, and Happiness |
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| “The key is to wait. Sometimes the hardest thing to do is to do nothing.” - David Tepper |
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| Howdy, investors!
As bitcoin passes $67,000, Chainlink founder Sergey Nazarov believes this bull market in crypto will be dominated by traditional financial markets pouring funds into the crypto space in the wake of bitcoin ETF approvals.
Congrats to those who moved quickly on our Friday column about Uniswap: UNI is up from $11.56 to $12.29 as of this writing. Friday's preliminary vote was overwhelmingly approved: here's why it matters.
To simplify reporting on your 2023 crypto transactions, check out our Guide to the Best Crypto Tax Software. It will make your life much easier.
Motley Fool brings us their recommendation for the top three crypto-related stocks through 2030: viable alternatives to holding pure crypto.
Read on to explore more! |
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| Best Crypto Tax Software, Rated and Reviewed for 2024 by Matthew Du |
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| If you sold or traded crypto last year, you likely owe the government taxes.
Tracking this information can be complicated, especially when making hundreds or thousands of trades yearly. That is where crypto tax packages come in.
These programs automatically sync across exchanges and wallets to calculate your gains and losses and give you a final tax report you can file with the government.
Read on to find out our top picks for crypto tax software and what your fellow customers say about them. Here are our picks for the best crypto tax tools for 2024.
Dig deeper into your tax software options here >> |
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| Premium Power-Ups Level up your crypto investing game. |
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Don't Miss "Blockchain Best Buys": Tuesday 3/5! |
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| This monthly recap highlights last month's best investing ideas from our writers, analysts, and team members, summarized in one quick email.
Consider this your at-a-glance list of our blockchain best buys in one easy-to-read list.
For example, we discussed in January how Coinbase would benefit from being the custodian for a number of the new spot bitcoin ETFs. Sure enough, $COIN was up nearly 40% in February.
All Premium members get our Blockchain Best Buys delivered to their inbox tomorrow, Tuesday, March 5.
Not yet a Premium member? Sign up now and get access to our monthly best buys, our proprietary crypto portfolios, and our monthly BMJ token drops! |
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| Must Read Today's most important stories for crypto investors. |
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For the last five years, we've been patiently explaining our investing strategy: a highly diversified portfolio with a little bit of crypto. Finally, Fidelity Canada agrees with us. On their All-In-One ETFs page, the investing giant recommends between 1-3% allocated to crypto. (Sounds familiar!) |
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Chainlink founder Sergey Nazarov discusses the unique nature of the current cryptocurrency market cycle, predicting real-world asset tokenization (RWA) will be the next major trend in the crypto market, driven by banks looking to compete with ETFs and attract capital. This bull could last a while! |
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Crypto stocks could outperform in the long term, especially Coinbase ($COIN), Marathon Digital ($MARA), and MicroStrategy ($MSTR). We love the long-term focus, though check out our slightly different takes on Coinbase (great company), Marathon (good, but risky), and Microstrategy (better to hold bitcoin instead). |
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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 | $9,740 | | Ethereum (ETH) | $1,000 | $7,896 | | Uniswap (UNI)* | $1,000 | $2,206 | | BNB Chain (BNB) | $1,000 | $29,990 |
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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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| Chart of the Day Daily Active Users on Uniswap |
| Active users are the backbone of any project. They help with adoption, increase fees and revenues, and inspire confidence among investors.
Last week, we discussed the potential buy opportunity in Uniswap, and congrats to those of you who moved quickly: UNI is up 6% since our newsletter on Friday!
AfterUniswap tokenholders voted overwhelmingly in favor of "governance rewards" on Friday, we saw a definite uptick in daily active users -- which means an increase in fees.
That was the unofficial vote; the on-chain vote happens this Friday 3/8. If it passes, not only is the vote likely to benefit UNI in the short term, it will also help raise more fees, potentially creating a virtuous cycle for Uniswap. |
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| | | ICYMI In Case You Missed It |
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| If an Ethereum ETF is approved, the takeover will be complete. (Thanks to Changelly) |
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| Share the Love Help grow our crypto investing community. |
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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.
Both free and Premium subscribers get content to build them into better investors.
Upgrade to Premium and get access to our top crypto picks while earning valuable Premium rewards! |
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