Coinstack - For Smart Crypto Investors - Bitcoin, Ethereum, DeFi & The Future of Money

The trillion dollar question is whether there will be a second peak for crypto markets later in 2021. We think so.

In this issue we introduce Double Peak Theory and the on-chain signals that show we have likely bottomed and are on our way up to new All Time Highs (ATHs) in 2021.

Double Peak Theory states that just like Bitcoin in 2013 and Ethereum in 2013, we will see a second peak in the Fall AFTER a temporary 50%+ pullback mid-year.

But what could these new highs be?

Listen to understand why we expect to see a massive Fall 2021 in crypto -- and the drivers of this big move. 

Since the June 26 bottom that we called, BTC is up 14% from $30,184 to $34,294 and ETH is up 32% from $1719 to $2275. We’re not fully out of the woods yet, but now is the time to invest.

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This is part 3 of the the "Crypto Explain It Like I'm 5" by Ryan Allis.

Part three is about Decentralized Finance (DeFI) and other important basics like NFTs, tokens, DAOs, staking, memes, oracles, crypto taxes, and how to earn a return on your crypto.

You can also read the original Crypto ELI5 article at: https://coinstack.substack.com/p/crypto-explain-it-like-im-5

This is part 2 of the the Crypto ELI5.

Part two is about Ethereum, smart contracts, wallets, stablecoins, and exchanges.

You can also read the original Crypto ELI5 article at: https://coinstack.substack.com/p/crypto-explain-it-like-im-5

ELI5 stands for “explain like I'm 5.” When people use it on Twitter or Reddit, it means asking others to explain a complex topic simply.

We've created this “Crypto ELI5” in order to help anyone understand the basics of crypto, become a better crypto investor, and be able to understand how cryptographically-secured decentralized blockchain applications are changing the world.

This is part 1 of 3. Parts 2 and 3 will be posted over the next couple days.

You can also read the original article at: https://coinstack.substack.com/p/crypto-explain-it-like-im-5

Most people think Andreessen Horowitz' huge new $2.2B crypto fund is important because of the eye popping amount raised.

But it's not just about more dollars for their crypto portfolio -- it's ALSO about creating a "Regulatory Superteam" who can help lay the foundation for clarity in blockchain regulations within the United States.

Yes, A16Z is like the Brooklyn Nets -- but for crypto. At least when Durant, Harden, and Irving are all healthy.

Last Thursday, A16Z announced not only the largest crypto fund in venture capital history but also the additions of Dr. Tomicah Tilleman, a former advisor to President Biden and Hillary Clinton, and Bill Hinman, the former Director of the Securities and Exchange Commission’s Division of Corporation Finance.

Their task ahead -- work with regulators like Gary Gensler at the SEC to create a clear framework that enables innovation within decentralized crytographically-secured blockchains to thrive as we lead in building a new global financial system based on smart contracts -- while getting rid of the scams that give crypto a bad name.

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Crypto markets have been crashing the last two months.

Bitcoin (BTC) is down from $64k to $30k since April 14, 2021, driven by China's ban and the need to increase renewable energy usage.

Ether (ETH) has crashed even more, from $4300 to $1900. 

And other top cryptoassets like Polkadot and Solana are more than 60% off their peaks. Everything's on sale.

So, are we at the bottom? Can we go down further?

And will we have a double peak in 2021 like we saw in 2013.

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This episode covers how to earn returns from algorithmic crypto trading in sideways markets. We also review the weekly crypto news, talk about the best and worst performing investments of the last 30 days, and look at the old world of TradFi vs. the new world of DeFi.

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Coinstack Newsletter - coinstack.substack.com