Happy Friday, miners!
VIBES ARE UP: Bitcoin turned 14 years old, just hit $19.2k, made an appearance at Miss Universe, and the Cowboys are in the playoffs (wild card shmild card, we still made it). What more could we ask for? Well, probably a few things, SBF’s conviction, autonomous cars, and free mickey d’s fries … Alas, beggars can’t be choosers.
We’re two weeks into 2023 and have already seen some high-contrast news:
- Binance is on a hiring spree, trying to build before the next bull market. Meanwhile, Coinbase significantly trims down employees, still feeling the “fallout from unscrupulous actors in the industry, and there could still be further contagion”.
- JPMorgan seems to be passing hard on crypto, calling it “a nonexistent asset class” (Yes, this is the same JPMorgan that aided Epstein, but I digress … prefer my career to not be epsteined) while Mastercard appears to go all in with “laser-focus” on crypto tech.
- In the early 2010’s China’s fondness for cryptocurrency was only narrowly eclipsed only by Kayne’s love for Kayne. The first cryptocurrency exchange ever, BTC China, started there and crypto payments were accepted as early as 2013. Fast forward to 2021, China has banned all crypto transactions; what a difference a decade makes. Now, China plans on launching its own state-approved NFTs, but they cannot be purchased with any form of crypto for consistency’s sake. Of course.
What does all this mean? It means you’re in the cryptosphere, fam: the only constant is change itself, and Bitcoin. While past performance is no guarantee, it’s nonetheless a worthwhile consideration.
We’re thinking there’s tremendous value in the fact that Bitcoin has never been down two years in a row. Is this the year it reaches $100k? Or, will it struggle to break $50k? What’s your take?
Email us back with your 2023 prediction for a chance to win a free Split Share for the most interesting answer. You may even see it in our next newsletter.
Also, you may have missed our discounted Split Shares "drop," on Tuesday, as it sold out super fast, but we have a regularly priced SS 141 up for sale today that should be gone soon as well.
Keep mining, rain, or shine!