GASP:
Bitcoin dipped back down to 18k last night, a 5% dip from the weekly average of 18.9k. Ethereum and the alts dragged too, bouncing sharper south than the 5%.
Reading for the Day:
- Check out Messari’s year end report for crypto written by Ryan Selkis. The dude is a genius. He lays out the who’s who and what’s what for the world of cryptocurrencies with an easily digestible and fun writing style. I couldn’t recommend this more. (Click to access messari-report-crypto-theses-for-2021.pdf)
- Microstrategy is selling $400 million in bonds in order to purchase another batch of Bitcoin. Michael Saylor is basically turning his software consulting firm into a Bitcoin ETF. The dude is an animal (https://www.microstrategy.com/en/company/company-videos/microstrategy-announces-pricing-of-offering-of-convertible-senior-notes)
- The narrative of digital gold is starting to affect ACTUAL gold. (https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin?sref=R5EfGvc3)
5 People to Know in Bitcoin
- Michael Saylor: CEO Microstrategy and an elite tweeter, this dude is the posterchild for Bitcoin as a reserve asset. His company has bought three rounds of Bitcoin in the past six months, converting their cash reserves into the internet of money.
- Barry Silbert: Head of the Grayscale Fund, providing a more secure way to invest in digital currencies. If you have heard of GBTC, then you have heard of Barry. If you are looking to purchase Bitcoin or Ethereum without having to worry about security, this is your guy. Grayscale has bought roughly 10 billion in Bitcoin for their customers.
- Anthony Pompliano and Peter McCormack: The podcasters of crypto. Anthony sends out the “Pomp Podcast” almost daily. Peter is in charge of “What Bitcoin Did.” I love their work. They lay out the case for Bitcoin/crypto and give it context that everyone can understand.
- Vitalik Buterin: Creator of Ethereum. Boy genius. Writer. Coder. Leader. He made his name in the Bitcoin community as a writer for Bitcoin Magazine. In 2014 he leveraged his contacts in crypto world and his innate genius to launch Ethereum, the smart contract protocol.
- Erik Vorhees: One of the real OG’s. Created Satoshi Dice. Worked at BitInstant with Charlie Shrem. Currently working on ShapeShift. He is an absolutely brilliant dude. Go follow him on Twitter. Read every article he’s involved in. He is staunchly libertarian and will almost convince you to give up government for Bitcoin after a few minutes listening to him.
Tweet of the Day:
“Give us this day our daily dip.” – The Wolf of All Streets (Scott Melker)
-Kram
KRAM 