The Last 168 Hours in DeFi
Was the Longest Year of My Life...Gone Fishin! Thank you and Happy Holidays!
THANK YOU EVERYONE FOR SUPPORTING ETHROPY!!! 🙏🏼🙏🏼🙏🏼 Especially the legend himself, Stani, founder of Aave. I remember listening to Stani on a Bankless episode back in early 2020 and learned about Flash Loans - at the time I had no clue why they’d be useful, but then DeFi happened. You’re an inspiration to all of us in. Thank you and Happy Holidays.
I’ll take a break for the next couple of weeks as I’m planning the 2022 Fund launch, but will be writing up two pieces (posting topics here for accountability):
Reflections and lessons learned on running a crypto fund
Major predictions, investment narratives, and theses for 2022 and beyond
ALPHA:
$RADIO token will likely be very memetic. Join their Telegram announcements channel https://t.me/radioshackfairlaunch
Tai Lopez has been labeled a scammer but plenty of people have made profitable investments following him too. Countertrading elite crypto personalities can often work to your benefit - that’s my thesis anyways. Not financial advice!
MARKETS:
It looks like we’ve bottomed as the downtrend has broken on Bitcoin. Many theories circulated why the market structure broken down last month (tax selling, funds cashing out for 2021 bonuses, inflation and rate hike fears), so the bullish narratives for this market cycle are back.
My crude technical analysis shows BTC above the 200d moving average, held daily support (top yellow horizontal line), and has broken the downtrend channel. The next point of resistance appears between $53-55k.
NEWS:
Everyone flocking to Web3!
Justin Sun’s latest stunt:
Saylor discovers DeFi:
Crypto gearing up to be a major political issue:
Shaq.eth!
He can’t help himself…this is very bullish for crypto!
NFTs:
RUGS:
REGULATORY:
All quiet…too quiet.
POD O’ THE WEEK:
Congrats Adam--on your many life changes and successes over the past year! Wishing you great health and many successes in 2022!