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HEALTH, WEALTH, AND HAPPINESS

March 21, 2022

“If you want to use your full amount of steam, you must close your valves and direct your power of generating mental steam toward one end. Center your mind on one purpose, one plan, one transaction."

- Theron Q. Dumont

It doesn't take much imagination to see that the lows have been getting higher and the highs have been getting lower since January, in a gradually condensing consolidation range. This is a rather common technical pattern often referred to as a wedge.

If we zoom out further, we can see that the wedge we are in represents the lows of a much larger range, one that we've been tracking for quite some time. So, all in all, things are pretty calm right now, despite the chaotic backdrop.

As the more experienced crypto enthusiasts already know, when things are quiet, it's time to build.

However, right about now, it's actually a really good time for some reflection.

Time to lead

"Leadership has to rely much more on soft power and less on hard power, so leaders have to actually take into account the feelings of the community and treat them with respect," Vitalik Buterin, the creator of Ethereum, was quoted as saying in a particularly thought-provoking article that appeared on the Time website on Friday.

"Leadership positions aren’t fixed, so if leaders stop performing, the world forgets about them. And the converse is that it’s very easy for new leaders to rise up."

Having had the pleasure of meeting Buterin on two occasions and being totally starstruck, to the point of mumbling, I always do my best to emulate his leadership style.

So hearing him reflect on $3 million monkeys and an industry that increasingly seems to be for-profit is a bit disheartening, but at the same time, it does not diminish my optimism for the future.

While Buterin's main course correction involves being more hands-on in his leadership in order to try and steer Ethereum in a more desirable, if somewhat less egalitarian direction, his previous actions may make it quite difficult to suddenly grab the steering wheel.

In my mind, however, the magic of crypto is indeed irreversible, and like the internet, it is a tool that enables freedom and equality across the board.

Though many may use this purely for profit, let's not lose sight of the millions of people it is already helping on a daily basis, and how much more it's likely to help people in the years to come.

Have an amazing week ahead!

Mati Greenspan

Analysis, Advisory, Money Management

This social media influencer is on the right track! Crypto is the future, and anybody who is involved should be proud to be a part of this revolution.

Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It is created by Evamarie Augustine, Charles Bovaird, Mati Greenspan, John Hargrave, and Alexandre Lores.

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