🤯 BlackRock's Bitcoin ETF recently pulled in a MASSIVE $788m❗️

Smashed the previous record of $612m.

They will be taking in +$1 Billion a day soon 🔥

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Crypto speak: Bags

“Bags” are your crypto assets; the term usually implies a fairly large amount of crypto.

For example, “My Bored Ape bags keep growing,” or “I have a fat bag of DOGE.”

If you start saying “I have a big bag of Bitcoin” instead of “I have a lot of Bitcoin,” people will believe you know what you’re doing😅

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💡💡💡 🥇 Bloomberg analysts predict spot Bitcoin ETFs could pass gold ETFs in assets under management in less than 2 years. 🐂

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Grayscale's market share of the total trading volume of spot bitcoin ETFs has fallen to its lowest level ever. 

BlackRock and Fidelity ETFs together account for 69% of total trading volume.

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📈📉 CRYPTOCURRENCY INVESTING: TIPS FOR NAVIGATING THE WORLD OF BLOCKCHAIN TECHNOLOGY¦

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1. Education: Always start by educating yourself about cryptocurrencies, blockchain technology, and the projects you're interested in. Read whitepapers, follow news and updates, and join online forums and communities to stay informed.

2. Diversify your portfolio: Don't put all your money into one cryptocurrency. Spread your investments across multiple coins and projects to reduce risk.

3. Use secure wallets: Store your cryptocurrencies in secure wallets, such as hardware wallets or reputable software wallets, to protect your assets from hacks and theft.

4. Strong passwords: Use strong, unique passwords for your exchange accounts and wallets, and enable two-factor authentication (2FA) for added security.

5. Research exchanges: Before using a cryptocurrency exchange, do your research to ensure it's reputable, secure, and offers the trading pairs you're interested in.

6. Avoid FOMO: Fear of missing out (FOMO) can lead to impulsive decisions. Make informed decisions based on research and analysis rather than emotions.

7. Have a strategy: Develop a clear investment strategy and stick to it. This could be long-term holding, day trading, or a mix of both.

8. Take profits: When your investments experience significant gains, consider taking some profits. This will help you secure returns and potentially reinvest in other opportunities.

9. Risk management: Only invest what you can afford to lose, and be prepared to see the value of your investments fluctuate. Cryptocurrency markets can be volatile.

10. Stay updated: Follow industry news, updates, and trends to stay informed about the latest developments and potential opportunities.

11. Tax regulations: Understand the tax implications of your cryptocurrency investments in your jurisdiction and ensure you're compliant with regulations.

12. Avoid scams: Be cautious of ICOs (initial coin offerings), pump-and-dump schemes, and other scams. If something sounds too good to be true, it probably is.

13. Learn technical analysis: Understanding the basics of technical analysis can help you make more informed decisions when trading cryptocurrencies.

14. Network: Join online forums, attend conferences, and engage with the crypto community to learn from others, share insights, and discover new opportunities.

15. Track your investments: Use portfolio tracking tools to monitor the performance of your investments and make adjustments as needed.

16. Stay disciplined: Stick to your investment strategy and avoid making emotional decisions based on short-term market fluctuations.

17. Understand DeFi: Learn about decentralized finance (DeFi) and explore ways to earn passive income through staking, yield farming, or lending your cryptocurrencies.

18. NFTs: Research non-fungible tokens (NFTs) and their potential use cases and investment opportunities.

19. Consider dollar-cost averaging: This investment strategy involves regularly investing a fixed amount in cryptocurrencies, regardless of the market price, to reduce the impact of volatility.

20. Backup and recovery: Keep a secure backup of your wallet's private keys or recovery phrases, and ensure you know how to access your funds if something happens to your wallet or device.

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Elon Musk keeps holding the game of animals.

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It’s hard to resist, isn’t it?? 😀

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Inflation in cryptocurrencies

In the crypto world, just as in the real world, there is inflation, an asset depreciating over time.

Inflation in cryptocurrencies occurs when too many new coins are issued.

A clear example is the cryptocurrency Dogecoin (DOGE). Dogecoin has no limit on the number of coins that can be issued, and up to 5.2 billion new DOGE can be created each year. Similarly, when new dollars are printed, Dogecoin depreciates slightly each year.

Bitcoin, on the other hand, is not subject to inflation; since the total number of Bitcoin can never exceed 21 million, the coin is protected from depreciation.

But frankly speaking, investors barely pay attention to this. Since crypto is very volatile, this 2%–3%–4% annual inflation has almost no effect on anything.

However, if you come across a coin with suspicious tokenomics—e.g., they’ve made it possible to issue an unlimited number of tokens during any period—this should definitely be taken into account when making investment decisions.

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💛Bitcoin has surpassed gold 3.7 times in the number of allocations in investors' portfolios

Investors are ignoring the risks and continuing to put more into bitcoin than planned, analysts at JPMorgan report.

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🇸🇻 El Salvador's unrealized profit from investments in BTC was more than $83 million.

President of El Salvador Nayib Bukele reminded that besides direct investments in bitcoin, the state has other sources of income in BTC:

💙Citizenship-for-investment program;
💙Conversion of BTC to USD for local businesses;
💙Mining;
💙Government services.

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🐥CEO of Tether wants to become the Ilon Musk of the crypto industry

Paolo Ardoino expects his company to make an all-time record profit of more than $3 billion in the first three months of 2024.

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📈The price of BTC has passed $70,000 again, and ETH > $3585

If BTC reaches $75,000, $6.6 billion worth of short positions will be liquidated in the market.

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