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Health, Wealth, and Happiness

July 8, 2024

"I am not a product of my circumstances. I am a product of my decisions."

- Stephen Covey

Howdy, investors!

Our latest results are in: crypto investors are outperforming traditional investors by 56%. See the numbers below in our Blockchain Believers Portfolio Q2 Update, with step-by-step instructions on how to get started.

We also take a new position on crypto debit cards: would you sell your gold jewelry to pay for a dinner out? Our updated guide reviews cards from the intelligent investor's perspective.

Last Friday saw the price of crypto drop, following the transfer of over $2 billion worth of bitcoin by Mt. Gox. But despite the recent roller coaster, our investing approach remains the same: DON'T PANIC.

Read on!

This Week in Bitcoin Market Journal

Our latest crypto investing insights and ideas.

Our New Guide to Crypto Debit Cards

A crypto debit card lets you load up your crypto on a traditional debit card and spend it anywhere. Unlike a crypto credit card, you are spending crypto that you already own. And unlike a regular debit card, you’re spending cryptocurrency, which is converted into dollars (a taxable event!) at the time of the transaction.

In our updated guide, we’ve taken a new perspective on crypto debit cards, explaning them from the perspective of intelligent crypto investors.

Click to read the investor's guide to crypto debit cards >>

Should You Invest in zkSync Era (ZK)? Fundamental Analysis + Charts

We take a dive into the core fundamental aspects of the Layer-2 chain zkSync Era and its newly released ZK token. We'll explore what the blockchain does, its potential to disrupt the industry, the team behind the scenes, and the data that matters: all to help you create an informed opinion on ZK's investment potential.

Learn more about the potential behind zkSync Era and the ZK token >>

Top Blockchains With the Most Daily Active Users (DAUs) Q3 2024

At Bitcoin Market Journal, we talk a lot about Daily Active Users (DAUs)...and for good reason. Daily Active Users (DAUs) is a critical metric reflecting the success and growth of a blockchain network.

Think of DAUs as customers. If there are many DAUs or DAUs are growing rapidly, it means a “company” is scaling up and potentially an excellent investment. If DAUs are low (or falling steadily), it’s probably not worth your money.

Learn which blockchains have the most "customers" here >>

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Blockchain Believers Portfolio: Q2 2024 Update

We launched our premiere crypto portfolio in 2018. Despite crypto's volatile nature, it has consistently allowed believers to outperform traditional investors.

In our latest results, we're beating traditional investors by an astonishing 56%. In this updated brief, we'll explain the drivers behind this performance.

Premium Members can download the Q2 2024 report here, with tips on how to get started investing in this portfolio today.

Not yet a Premium member? Sign up here and get in on the action - get access to our ongoing portfolio updates, investor scorecards, VIP events, and more!

Must Read Snippets

This week's most important stories for crypto investors.

Bitcoin Price Crashes As Mt. Gox Makes Initial Repayments

(The Defiant) - As Mt. Gox made an initial $148 million repayment to creditors, transferring an additional $2.7 billion in bitcoin, markets reacted with panic selling. As always, our advice during crypto roller coasters: DON'T PANIC.

You’ll Never Have Enough Bitcoin

(John Wege) - Have you set a goal for how much bitcoin you want to own? Has that number changed over time? This opinion piece looks into the psychology of bitcoin HODLers, explaining why many believe you can never have enough bitcoin.

State of the Network’s Q2 2024 Mining Data Special

(Coin Metrics) - The recent bitcoin halving has put price pressure on miners, and mergers and acquisitions in the bitcoin mining industry seem likely (read the story about the publicly-traded $RIOT's failed takeover bid of $BITF).

Tokenization: Why Assets Will Move to Public Blockchains

(Artemis Research) - Tokenization of real world assets has already begun, and we predict it will only accelerate in the coming years. Read this excellent primer on this real-world use of blockchain technology, then read our Investor's Guide to RWAs.

Bitcoin As A Strategic Reserve Asset

(Forbes) - Could the U.S. government have a strategic reserve of bitcoin to diversify holdings and cap inflation? Here's a look at whether such a policy makes sense; the fact that we're even talking about it is good news for BTC investors.

Chart of the Week

Fees for Top 5 Layer-2 Projects, Q2 2024

If you want to know how much money a crypto project is making, just look at the fees it collects. It's similar to seeing the sales figures for traditional companies.

More fees can lead to greater profits, which can be used to grow and improve the project, compensate users, and reward investors.

The recent Dencun update on Ethereum hurt many of the Layer-2 solutions, reducing gas fees and thus reducing the fees collected by the L2s. However, there's one fairly notable exception, and that's Base.

Base has continued to grow its fees collected, even as it grows its daily active user base. (Translation: more customers and more revenue.) In the second quarter of 2024, it's been the L2 with the greatest amount of fees collected by far.

Those fees and the growing number of users who generate them arguably make Base the most valuable L2 solution today. Remember: you can't invest in a BASE token, but you can invest in its parent company Coinbase ($COIN).

ICYMI