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| "You're not going to get very far in life on the basis of what you already know. You're going to advance in life by what you're going to learn." - Charlie Munger |
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| Howdy, investors!
Layer-2 blockchains are getting a lot of investor buzz, but which layer-2 is likely to control the market? Today we unpack the current layer-2 ecosystem, pointing to the best likely long-term investments.
Chainlink is considered the most successful blockchain oracle solution, but is its LINK token a good investment, or is it being overshadowed by newer competitors like AI-based Bittensor? Get our complete analysis below.
Financial inclusion is one of the most pressing problems facing the planet. Below you'll learn how investing in crypto technology is helping with financial inclusion, and (more importantly) why you should care.
Read on! |
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| This Week in Bitcoin Market Journal Our latest crypto investing insights and ideas. |
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| Should You Invest in Chainlink (LINK)? Charts, Stats, Analysis for 2024
In the wake of the 2008 financial crisis, two Cornell University students, Sergey Nazarov and Steve Ellis, saw the chaos as an opportunity to reinvent finance. They envisioned a system built on blockchain technology, a new financial network that could provide transparency, reliability, and security.
There was just one problem: blockchain, for all its potential, was isolated from the real world.
The duo founded Chainlink, a project that would become the bridge between the digital and physical realms. Chainlink was the missing, well, link, allowing smart contracts to connect with real-world data.
Imagine the possibilities: smart contracts that could adjust insurance premiums based on real-time weather data, or supply chain agreements that update automatically with global trade information. Chainlink didn't just improve blockchain; it connected it with the real world.
They called it an “oracle” network, named after the oracles of Greek mythology, who could predict the future or provide wise counsel. And it rapidly became the leading oracle network, powered by its LINK token...
Is Chainlink (LINK) a good investment? Click for our complete analysis >> |
| Investor’s Guide to Layer-2 Blockchains: Types and Investment Outlook
Imagine you're building a city on a small island.
You start with a solid foundation of roads to support the growing city. But as more people and businesses flock to the island, you realize that the infrastructure is straining. To accommodate the increasing demand, you need to construct additional layers, like bridges, tunnels, and efficient transportation systems.
In blockchain technology, the layer-1 (like Ethereum) serves as the foundation. However, as the network grows, it can become congested and expensive. This is where layer-2 solutions come into play. Just as bridges and tunnels alleviate traffic congestion in a city, layer-2 protocols help scale the blockchain network, enabling faster transactions and lower costs.
In this guide, we’ll cover the top layer-2 solutions for investors. By understanding the strengths and weaknesses of each L2, you’ll be better equipped to identify the tokens most likely to be the best long-term investments. Read our guide to the best layer-2 blockchains >> |
| The Simple Formula for Financial Inclusion
Jean-Michel Godeffroy is the former director of the European Central Bank, which is the financial hub of the European Union. It’s an oversimplification to say, “He designed the euro,” but he spent sixteen years working on it.
So he kind of designed the euro.
This week I had the pleasure of hearing Godeffroy speak about financial inclusion, and while acknowledging it is a big, hard problem, he gave a simple formula for how blockchain can help solve it...
Learn the simple formula for financial inclusion (and how crypto helps) >> |
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| Premium Power-Ups Level up your crypto investing game. |
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| On the first of every month, we reward our Premium subscribers with freshly minted BMJ tokens for their support. (Over 42,000 minted to date!)
The September airdrop landed on Sunday, September 1. If you're a Premium member with a connected wallet, log into your wallet and claim your tokens today!
(Not sure how to connect your wallet? Follow our instructions here.)
Not yet a Premium member? Sign up now and get access to these monthly BMJ token drops, which can be redeemed for exclusive crypto swag.
Get valuable BMJ tokens by going Premium >> |
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| Must-Reads This week's most important stories for crypto investors. |
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| (Coin Metrics) - Stablecoins are nearing record supply highs, with USDT dominating the market, and new entrants like PayPal's PYUSD and Mountain Protocol's USDM gaining traction. This growth is a positive sign for long-term crypto investors (see our Chart of the Week, below). |
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| (Bankless) - Monad, an Ethereum-compatible L1 with $225M in funding, is nearing its mainnet launch. Early projects on Monad include TayaSwap, a DeFi hub offering DApp creation tools; Kintsu, a liquid staking protocol; and aPriori, optimizing staking rewards through MEV. These projects show Monad's potential to revolutionize DeFi with speed and low transaction costs. |
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| (The Defiant) - USDC rebounded in 2024, with its market cap rising to $34 billion from a low of $24 billion in November 2023. However, USDT still dominates the stablecoin market, holding $117 billion of the $170 billion total market cap. Future U.S. crypto policies could give USDC a boost to close the gap with USDT. |
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| (Decrypt) - Telegram co-founder and CEO Pavel Durov was arrested in France on Aug. 24 over various charges that Telegram has been used to facilitate illegal activities. As news of the arrest spread, the price of Toncoin (TON) plunged by nearly 17%. For those who believe in the long-term future of TON, this could be an opportunity to buy the dip. (See our TON analysis here.) |
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| (Token Terminal on YouTube) - Carlos Domingo, founder and CEO of Securitize, explains the benefits of tokenization, its role in financial products like BlackRock's BUIDL fund, and the challenges ahead. The conversation offers insights into the potential for tokenization to revolutionize traditional finance through greater transparency and efficiency. |
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Chart of the Week Stablecoin Supply is Growing |
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| The growth in stablecoin supply, as shown in our chart above, shows how the crypto market is continuing to build infrastructure. Stablecoins help liquidity, stability, and adoption, contributing to trust and potential market growth.
For example, increased stablecoin supply increases liquidity within crypto markets, making it easier to buy and sell digital assets. This liquidity is crucial for attracting individual traders and institutional investors.
The increased stablecoin supply also suggests that more traditional money is being converted into crypto assets. This can signify overall market growth because stablecoins are used so widely in trading and other market sectors.
The expanding supply of stablecoins reflects growing confidence and participation in crypto markets, making it a virtuous circle. By providing stability, liquidity, and utility, stablecoins help mitigate some of the inherent risks of this asset class, making crypto investing appealing to a broader audience.
In short: it's a bullish sign. |
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| | | ICYMI In Case You Missed It |
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In case you've missed our recent newsletters, here are links to the August 19 and August 26 newsletters, as well as the most recent BMJ investor content:
Is the MATIC token still worth your investment? Read our complete analysis.
Our guide to help new investors make an informed decision on investing in BTC.
Many studies have shown the power of long-term investing in the stock market. Here's how that applies to crypto. |
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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, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.
Both free and Premium subscribers get content to build them into better investors.
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