Health, Wealth, and Happiness |
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| Howdy investors!
Today, we're taking a deep dive into traditional and crypto savings accounts, so you can better decide where to hold your money to build long-term wealth.
Also, we saw a big wave of funding roll in over the weekend, which is a big boon for blockchain projects in various sectors.
Let's jump in! |
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Crypto vs. Traditional Savings: What’s Better for Storing Wealth? by Anatol Antonovici |
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| Investor Takeaway: Savings accounts are typically a place to store long-term wealth. With the advent of crypto savings, however, investors have a choice. Depending on your financial goals (and risk appetite), a crypto savings account could be a great option.
Consider this question: What's better for your long-term savings?
- Riding the waves of volatility in the crypto markets, or
- Parking your cash in a traditional savings account?
While this split might be a little simplistic, it does tap into many investors' concerns – how to put savings into a medium that will help them grow. In our latest piece, we give you the data needed to decide how to allocate your savings. |
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| Premium Power-Ups Level up your crypto investing game. |
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Replay: Layer-1 Protocols and the Best Blockchains
We were super excited to host our Layer-1 webinar last week, and both attendees and the BMJ Premium crew contributed great conversation and insights.
If you happened to miss it, make sure to catch the replay, only available to Premium members.
Watch the Webinar replay now (Premium members only) >> |
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| If you couldn't attend on Wednesday, don't fret. We currently offer the video on-demand in our Premium Members portal. Any member can log in and rewatch this video whenever they like.
Not a member? No worries! Sign up today to access our complete library of webinars, crypto scorecards, and other member-exclusive content. |
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| | | Must Read Today's most important stories for crypto investors. |
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Investor takeaway: According to allegations, the SEC asked Coinbase to trade only in bitcoin (dropping support for other tokens) prior to their lawsuit in June. The SEC has denied this, stating that staff may share views on problematic behavior without it being a demand for legal action. |
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Investor takeaway: Investors are feeling a little anxious as bitcoin fluctuated over the weekend, ending at a relatively neutral point at the beginning of the week. Some take this as an opportunity to get bullish on the asset over the remaining summer months. |
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Investor takeaway: It was a major weekend for funding and blockchain projects. Web3 exchange and savings program Hi and Layer-2 project EthStorage secured seed funding in the tens and hundreds of millions -- a bellwether for investment attitude around Web3 technology. |
Investor takeaway: Speaking of funding, it looks like there's significant interest in blockchain tech outside of finance. Risc Zero, a blockchain-based authentication platform that claims to support passwordless verification, just secured $40M. |
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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 | $4,606 | | Ethereum (ETH) | $1,000 | $4,306 | | Uniswap (UNI)* | $1,000 | $1,163 | | BNB Chain (BNB) | $1,000 | $17,583 |
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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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