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HEALTH, WEALTH, AND HAPPINESS |
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"You first have to figure out why you think you can’t do something and ask yourself if that’s a valid point. You can decide for yourself what you think you’re capable of." - Dierdre Wolownick, 66-year-old mountain climber |
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| Paid members: Click to register for our New Year's Financial ResolutionWorkshop next Wed Jan 12 at 6:30 pm ET!
In this virtual event, you'll meet Andy Wang, one of Investopedia's Top 100 Financial Advisors, and host of the fantastic "Inspired Money" podcast, to talk about how to plan for investing in 2022.
Not a Blockchain Believer yet? Upgrade to paid, and join us! |
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| Should I sell my ETH to buy a house? (Reddit): In the "good problem to have" category, here's one crypto investor's dilemma on whether to HODL or buy a house.
Investor takeaway: Every day, smart investors are turning their crypto holdings into real-world assets. Read their stories and know that you can do it, too! (See chart below.) |
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| If you invested a little over $5K into ETH just three years ago, today you'd have $135K, enough for the down payment on a house (see the Reddit story above).
Investor takeaway: If you're not already investing, the new year is a great time to get started! |
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| Hi Everyone,
Hope you all had an amazing holiday! Welcome to 2022!
We would like to extend a very special welcome to two new celebs who joined the Bored Ape Yacht Club over the weekend.
Let's see if you can identify them based on resemblance. |
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| Number 9055 has been purchased by the real slim shady for 123.45 ETH (approximately $469,000) and is now the avatar for his @Eminem Twitter account.
The second, number 7202, was allegedly bought by Britney Spears, but that has yet to be publicly confirmed by the pop icon.
The purchase of the latter, if it was indeed made by Spears, would demonstrate a huge awakening for her.
Up until a few months ago, she was not even allowed to handle the keys to her car or pull cash from an ATM, and now she is paying 70 ETH for a JPEG. |
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What's it worth now?
The entire NFT scene takes one of investing's biggest questions, how celebrity ownership affects valuation, and brings it to the fore.
We've seen countless times how a big name participating in a project can drive hype that then translates into demand, especially in the short-term.
Indeed, according to CoinGecko data, we can see that the floor price for official BAYC NFTs has jumped over the weekend from 59 ETH on Friday to more than 73 ETH today. |
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| What we may see a bit more of going forward, however, is celebrities starting to flip NFTs like they do houses.
As we know, when a celebrity list a home, it tends to sell for more than it would otherwise.
It's not necessarily that the intrinsic value has increased, but because you get a much deeper pool of interested buyers, creating a larger market.
Out of 5,877 votes on this twitter poll from our friend Lark Davis, only 27.8% said that they would pay more for an NFT that had previously been owned by Eminem or Jimmy Fallon (also a BAYC holder). |
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| Personally, I voted no on this poll, simply because I'm not a particularly big fan of either of those two names.
However, I would almost certainly pay more for one owned by somebody I do admire. More importantly, in this case, the "nos" don't matter, as there are more than enough "yeses" to drive up the price. |
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Happy bar mitzvah bitcoin
Happy 13th birthday, bitcoin!
Out of the three different dates commonly associated with bitcoin's birthday, I like Jan. 3 the best, as it's the day the Genesis Block was created.
It was precisely 13 years ago today that Satoshi Nakamoto famously embedded the following image of a newspaper page into bitcoin's immutable blockchain as a stark reminder of why the protocol was created in the first place. |
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| As a fungible currency, previous celebrity ownership means very little for the value of a specific token. You can receive 1 BTC directly from Elon Musk himself, and it will still be worth only 1 BTC.
Bailouts from central bankers, on the other hand, will almost certainly make a lasting impact.
Wishing everyone an extremely successful year ahead! |
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| Mati Greenspan Analysis, Advisory, Money Management |
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Remember when banks thought they were only toys? |
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| Bitcoin Market Journal is a daily newsletter focusing on blockchain and crypto investing. It is created by Evamarie Augustine, Charles Bovaird, Mati Greenspan, John Hargrave, and Steve Walters.
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