Health, Wealth, and Happiness |
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| "An investment in knowledge pays the best interest." -Benjamin Franklin |
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| Howdy investors!
A blockchain mutual fund sounds like a great investment until you realize there's only one on the market. While you're waiting for more options (or the potential bitcoin spot ETF), why not look into alternative products? Today, we've covered you with the Top 5 Best Blockchain Mutual Fund Alternatives in 2024.
With the price of bitcoin holding over $41,000 amid a resurgence of interest, there's plenty to be thankful for in the crypto space, so Bloomberg wishes us all a Merry Cyptomas.
Airdrops are increasingly in the news, and one of the most anticipated as we head into 2024 is the Jupiter airdrop of up to 4 billion JUP tokens. Jupiter is a major DeFi aggregator on the Solana network, so we expect SOL also to increase.
Lastly, we discuss a guide on evaluating cryptocurrencies using fundamental and on-chain analysis. Each has its strengths and weaknesses; combining both is a wise course of action.
And now, let's jump into the newsletter! |
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Top 5 Blockchain Mutual Fund Alternatives in 2024 by Matthew Du |
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| Mutual funds are a core investment for most investors in traditional finance. It stands to reason that this would also translate over to the crypto market.
Unfortunately, that isn’t the case. Currently, there is only one crypto mutual fund in the U.S., which means that if you want something similar to that investment vehicle, you’ll have to find some alternatives.
To provide other options, we have composed a list of the top five best blockchain mutual fund alternatives you could invest in today.
Reveal the complete list here >> |
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| Premium Power-Ups Level up your crypto investing game. |
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| New Investor Risk Scorecard: Wrapped Bitcoin (WBTC)
Wrapped Bitcoin is a tokenized alternative to bitcoin that runs on the Ethereum blockchain. It's a way to "port" bitcoin to Ethereum to make it available in modern DeFi applications. Think of Wrapped Bitcoin as bitcoin's on-ramp into DeFi.
As you might imagine, it's a very powerful concept that has provided significant value to investors and traders.
Since real BTC backs WBTC, does that mean it's a safe way to avoid market risks? We've researched that in our new Wrapped Bitcoin Risk Scorecard (Premium members: click to download).
Not yet a Premium member? Sign up now and get access to all our investor and risk scorecards, along with other great benefits like monthly BMJ token drops, our proprietary crypto portfolios, and fashionable crypto swag. |
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| | | Must Read Today's most important stories for crypto investors. |
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| Investor takeaway:The remarkable recovery for crypto in the past year came despite several setbacks in the crypto industry, including the legal troubles of SBF, FTX, and CZ.
Despite the challenges and risks, the crypto industry is evolving towards more practical and less speculative applications, indicating its potential to become an integral part of the financial landscape. |
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| Investor takeaway: Jupiter, a major DeFi aggregator on the Solana network, is set to launch a significant airdrop in January. This airdrop involves distributing 40% of the available 10 billion JUP tokens to community members.
Nearly a million SOL wallet holders are eligible for the Jupiter airdrop, so it could be a good time to buy and hold some SOL. (If you're brave, you can even do a small Jupiter swap to potentially be eligible for the airdrop). |
| Investor takeaway:Fundamental analysis involves evaluating the core aspects of a crypto project, including the team's quality, technical merit, and growth potential. On-chain analysis uses blockchain data to gauge a project's traction and viability.
This piece argues that we need both, and we agree. Fundamentals are your quantitative analysis, and on-chain metrics are your qualitative analysis. It's good to see the industry gradually agreeing that both are needed. |
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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 | $6,487 | | Ethereum (ETH) | $1,000 | $4,983 | | Uniswap (UNI)* | $1,000 | $1,005 | | BNB Chain (BNB) | $1,000 | $17,246 |
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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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| Blockchain Basics Explain Like I'm 5 |
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| What is a Pump and Dump? The Quick Guide for Crypto Investors |
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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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