Don't get it twisted, as "Higher" is my meme forever and we will resume our march to new ATHs soon, but it's looking dicey to me until the inauguration.
Anyone following along in my Telegram channel (, it's free, of course; anyone charging for Telegram is a LARP) has seen my tone shift away from my giga-bullishness to a bit darker, more bearish type of way over the past week few weeks.t.me/joescrypt
.@solana has found product market fit (PMF) and is now The Chain for Retail™️.
Let me explain.
Ethereum is not a chain designed for retail - the L1 is too slow and expensive and the L2s are (currently) a UX nightmare -- there's too much onboarding friction for new users, liquidity is fragmented across the, what 40+ L2s now and don't get me started on bridging.
$BTCUSD just closed Sunday and printed a "Golden Cross," a chart pattern where the 50-day moving average closes up and over the 200-day moving average.
This has happened a few times in #bitcoin's history.
What were forward returns like after they were observed?
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With data going back to November 2014, a handful of Golden Crosses have occurred, with one most recently in February of this year.
What does that imply for forward returns? If we look at the next 7 days, #BTC has lost a bit of ground 71% (n=7) of the time, but the median return is actually +4.89%.
I'm not the expert but folks have pinged me about public speaking tips for @SolanaConf.
I've spoken at over a hundred conferences, pitched hundreds of VCs, chatted on dozens of podcasts, and ran a bunch of Board meetings.
Here's what I know
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SLOW DOWN.
Especially if you're giving a technical talk.
The audience is learning from you for the very first time.
You know your shit inside and out and are excited to share.
Speak.
Slowly.
I spoke at a conference in Bogotá one time and before I went on stage one of the producers informed me that most of the audience didn't speak English and would be wearing headphones and asked me to please "speak slowly" so the interpreter can translate in near real time.
Since then I do it no matter what. It's made a MASSIVE difference.
The game is changing for on-chain trading applications starting today.
Say hello to @SeiNetwork.
1/ In the intricate ecosystem of Layer 1 blockchains, Sei emerges not just as another player but as a specialized solution designed for *trading-centric applications*.
2/ As the crypto space evolves and expands, applications demand more robust and in many cases, "vertically-integrated" infrastructure.
Sei epitomizes this by offering a blockchain optimized for the multifaceted world of trading, beyond just DeFi.
On June 15th, @BlackRock, the world’s largest asset manager with nearly $10T under management, filed a #Bitcoin spot ETF with the SEC.
Here’s why this ETF gets approved.
Blackrock’s story arc for the past 18 months is the blueprint for the coronation of the banks and asset managers to be crowned digital assets' regulated royalty.
Blackrock has had two significant areas of focus: 𝗨𝗦𝗗𝗖/𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀 𝗮𝗻𝗱 𝗕𝗶𝘁𝗰𝗼𝗶𝗻.