The cryptocurrency and digital asset education platform for financial advisors @onrampinvest | Educate Before You Allocate™
Jan 6, 2022 • 27 tweets • 7 min read
1/ Lets put this Tether FUD (fear, uncertainty, doubt) to bed. Time for an @onrampacademy thread. Today we’ll cover:
- About Tether
- Where Tether changed
- Tether controversy
- What happened recently
2/ About Tether
Tether (USDT) is a stablecoin, meaning that its sole purpose is to maintain a constant price of $1 for every USDT. This is useful because it allows individuals to transact over various blockchains without worrying about price volatility.
Jan 4, 2022 • 21 tweets • 6 min read
1/ The good folks at @chainalysis recently released a comprehensive report on investing in the NFT market.
Want the TLDR? Onramp Academy has you covered in this thread.👇
2/ In 2021, users spent at least $26.9 billion on Ethereum based NFTs. While a number of other blockchains support NFTs, Ethereum is by far the most widely used. OpenSea is the most popular marketplace by a wide margin, with over $16 billion worth of volume.
Dec 7, 2021 • 27 tweets • 5 min read
1/ Every year, @twobitidiot publishes a must-read report on the outlook for the crypto industry. It's 165 pages, packed with amazing info and insights.
Today, let's cover the most important points from the Top 10 Narratives & Investment Themes section:
2/ The Collapse of Institutional Trust: Skyrocketing public debt, rising inflation, fears about the inability to retire, 70% disapprove of Congress, distrust of Wall St, and concerns about Big Tech’s monopoly power. This is the backdrop for crypto’s rise in prominence.
Dec 4, 2021 • 11 tweets • 2 min read
1/ Last night bitcoin plummeted 18.6% in a matter of hours and most of the other cryptoassets got hit harder than that... What happened?
Time for a thread.
2/ To understand what happened we must first dive into futures open interest.
Futures open interest is the total number of outstanding future contracts that have not been settled for an asset.
Aug 24, 2021 • 13 tweets • 4 min read
Between a recently proposed bill and contradictory comments from CFTC, IRS, & SEC reps, cryptoasset regulation continues to be a hot & confusing topic of discussion amongst many investors.
Time for a thread 🧵👇
Per their official statements:
To the IRS, cryptoassets are property
To the SEC, cryptoassets are not securities
To the CFTC, cryptoassets are commodities
While this is seemingly vague, investors DO have all the guidance they need to get started.👀👇
Today’s word: Centralized Exchange
While our current business model focuses on the RIA space, we recognize the need for the widespread adoption of cryptoassets because, as adoption among the general public grows, so will the need for RIAs to fall in line
