Coinstack

I’m starting to write this week’s Coinstack newsletter. What topics would you like me to write about this week?

Here’s a well written and researched article from Dragonfly Research on the investment opportunity with ETH. They forecast a ETH market cap of $3.7 trillion to $4.7 trillion in 10 years and a price of $35k to $45k. https://medium.com/dragonfly-research/a-guide-to-understanding-eth-as-an-investment-6f0f393db591

Here's a comparison of what Bitcoin did in 2013 and what we currently expect Bitcoin to do in 2021 as we reach new all-time highs sometime in the Fall. What price do you expect BTC will end 2021 at?

Willy Woo has written a bullish note on Bitcoin on-chain signals today indicating his belief we have bottomed and fundamentals show we are heading upwards in the next few months. Here are some excerpts from his letter. ⁃ The bull market is intact with user growth continuing to climb higher. Macro indicators continue bullish. ⁃ Re-accumulation and recovery is still in play and is indeed strengthening, thereby creating a classic price to fundamentals divergence. ⁃ Long term investors are quietly absorbing coins unnoticed by the market. I expect this supply shock to squeeze the market upwards.  ⁃ Under technical analysis, the price action looks scarily bearish to speculators and chartists are pointing to a further price collapse to $20k, claiming we are in a bear market. The fundamentals do not support this. ⁃ The on-chain picture is strikingly bullish. A supply shock is quietly forming unnoticed by the market.  ⁃ Per Glassnode, the Bitcoin network is onboarding a healthy 32,000 new users per day which is a new high for 2021. ⁃ The newly launched Canadian Purpose Bitcoin ETF has added 4100 BTC to its holdings during this dip, supporting what we see on-chain; long term investors are buying. ⁃ When miners are culled from the network, the surviving miners hold their coins knowing the sell pressure from miners that went out of business has subsided and a price floor is in place. We can see this effect visually as compressions in the Difficulty Ribbon. This has historically been a reliable signal for price bottoms. You can subscribe to the full letter including really great analysis and charts at willywoo.substack.com.

In the first six months of 2021, Bitcoin was up 20% ($28890 to $35,060) and Ethereum was up 208% ($737 to $2276). ETH grew in value 10x faster than BTC. What do you think will happen in the 2nd Half of 2021? What's your end of year price prediction for BTC and ETH?

Just finished recording from my Bali studio... If you have ever wanted someone to explain crypto to you so it's simple to understand take a listen to these podcasts and pass them along to anyone new in the space. Hopefully these will make understanding the use cases and how crypto will change the world easy... NEW COINSTACK PODCAST EPISODES 🎧 Crypto: Explain It Like I'm 5 (The Full Series) Part 1 - Bitcoin, Blockchains, and Cryptography https://anchor.fm/coinstack/episodes/Crypto-Explain-It-Like-Im-5-Part-1---Bitcoin--Cryptography---Blockchains-e13mla0 Part 2 - Ethereum, Smart Contracts, Exchanges, & Wallets https://anchor.fm/coinstack/episodes/Crypto-Explain-It-Like-Im-5-Part-2---Ethereum--Smart-Contracts--Stablecoins--Exchanges--and-Wallets-e13n0cb Part 3 - DeFi, NFTs, DAOs, and tokens https://anchor.fm/coinstack/episodes/Crypto-Explain-It-Like-Im-5-Part-3---DeFi--NFTs--DAOs---Tokens-e13p6it Also available on Spotify, Google Podcasts, and Apple Podcasts I will be resuming tomorrow with my more traditional a bit more advanced content :)

NEW COINSTACK PODCAST EPISODE 🎧 Crypto: Explain It Like I'm 5 (Part 1: Bitcoin, Cryptography, and Blockchains) Listen and subscribe at: https://anchor.fm/coinstack Spotify: https://open.spotify.com/show/5xh0Iq81duPEuHvYfqCcln Podcast RSS: https://anchor.fm/s/610009f4/podcast/rss Episiode Description: 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. CRYPTO - EXPLAIN IT LIKE I'M 5 PART 1 - BITCOIN, CRYPTOGRAPHY, & BLOCKCHAINS PART 2 - ETHEREUM & SMART CONTRACTS PART 3 - DECENTRALIZED FINANCE & OTHER IMPORTANT BASICS Give it a listen and share it with your friends who are learning about crypto.

Here’s a good NY Times article about how A16Z is playing the long game with crypto... https://www.nytimes.com/2021/06/26/business/dealbook/katie-haun-crypto.html

NEW COINSTACK PODCAST 🎧 Why A16Z's $2.2B Crypto Fund is Actually a Really Big Deal https://anchor.fm/coinstack/episodes/Coinstack---Why-A16Zs-2-2B-Crypto-Fund-is-a-Bigger-Deal-Than-Most-People-Think-e13ktjt

Here's this week's issue of Coinstack. Please pass it along to all the crypto newbies you know... https://coinstack.substack.com/p/crypto-explain-it-like-im-5 Inside This Issue: 1. Crypto - The Definitive Explain It Like I’m 5 (ELI5) - Cryptography & Blockchains - Bitcoin - Ethereum & Smart Contracts - Exchanges, Wallets, & Stablecoins - Decentralized Finance (DeFi) - Other Important Crypto Basics - Learning More About Crypto 2. Why A16Z’s $2.2B Crypto Fund Is A Big Deal & is Leading to Regulatory Clarity 3. What Morgan Stanley Thinks About Crypto. It’s Time to Allocate. 4. Subscribe to The Coinstack Podcast 5. A Long-Term Crypto Portfolio 6. Tuesday Crypto Community Calls 7. Join Our Telegram Group 8. Who We’re Following Closely on Crypto Twitter 9. How to Get Started in Crypto Learning Hope this issue is helpful at answering the question: what is crypto actually good for?

Here is the EARLY EDITION of the Coinstack weekly newsletter, just for our Telegram subscribers as a Google Doc... ENJOY! https://docs.google.com/document/d/1tt0vHO4EOq5f7VkG8y44YsvRDZcZHrN7lXDcGDCw7VU/edit# In this issue: 1. Crypto - Explain It Like I’m 5 Years Old - Cryptography & Blockchains - Bitcoin - Ethereum & Smart Contracts - Exchanges, Wallets, & Stablecoins - Decentralized Finance (DeFi) - Other Important Crypto Basics - Learning More About Crypto 2. Why A16Z’s $2.2B Crypto Fund Is Actually A Really Big Deal 3. What Morgan Stanley Thinks About Crypto 4. Subscribe to The Coinstack Podcast 5. A Long-Term Crypto Portfolio 6. Tuesday Crypto Community Calls 7. Join Our Telegram Group 8. Who We’re Following Closely on Crypto Twitter 9. How to Get Started in Crypto Learning

Here’s a great Odd Lots podcast from today that explains how DeFi works. Joe Weisenthal of Bloomberg interviews Tom Schmidt, General Partner at Dragonfly Capital... https://podcasts.apple.com/us/podcast/odd-lots/id1056200096?i=1000527088952 Joe is the best tradfi journalist who is making an authentic effort to deep dive into understanding newfi

I am now working on this week‘s Coinstack newsletter and podcast. What topics would you like to read about and learn more about this week?

For this week's Coinstack I'm writing an article called, "Crypto - Explain It Like I'm 5 Years Old" So I'm surveying our Telegram group... What about crypto technology and crypto investing do you NOT understand well that you'd like to understand better? What areas would you like me to explain in this week's Coinstack issue?

NEW COINSTACK PODCAST EPISODE: Are We Near The Bottom for Bitcoin and Ethereum? We Think So. Anchor: https://anchor.fm/coinstack RSS: https://anchor.fm/s/610009f4/podcast/rss Spotify: https://open.spotify.com/show/5xh0Iq81duPEuHvYfqCcln Apple podcast and Google Podcast link coming as soon as they approve us.

Here's a special issue of Coinstack answering the question: Are We At the Bottom Yet? https://coinstack.substack.com/p/are-we-at-the-bottom-yet Let me know your thoughts!

I’m doing some research for a Coinstack article on decentralized currency and the future of money. I’m curious what you think about this question... By 2035, will the most used currency in the world be issued by a nation-state (e.g. dollar, yuan) or a decentralized network (btc, eth, dai, something else)? What do you think?

For those curious, right now I'm seeing very good buying opportunities in the market, particularly on ETH ($1850) & DOT. ($15.11). We are in a transitionary sideways period during which most BTC mining in China is being shut down. This is creating quite a good buying moment for long term holders. I personally expect this current period of lower prices to last another 1-2 months or so, though its important to state that no one really knows. For most investors, I recommend a dollar cost averaging (DCA) strategy in which you invest a bit every week -- so no matter which way prices go you're building your stack. Definitely take advantage of times like this when prices are cheaper. We will eventually be back to BTC $60k+, ETH $4k+, and DOT $50+. A good summary of the point of view that we are in a time of shorter cycles comes from Larry Cermak, Director of Research at The Block from Saturday's The Breakdown podcast with NLW... https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M/episode/ZGVlZTU4ODMtOGM2MS00MDA5LWI1MzUtMmM0NTk2MjQ2MTU2?sa=X&ved=0CAUQkfYCahcKEwjooYC8-KrxAhUAAAAAHQAAAAAQAg&hl=en-ID

We are now publishing a weekly PODCAST. You can listen to the first ever Coinstack podcast here. https://anchor.fm/coinstack Our podcast will also be on Apple podcasts, Google podcasts, and Spotify in the next few days... we'll send the link when it goes live so you can subscribe. We'd love your feedback on what you like, how we can improve, and what topics you'd like to hear about next week...

Here are the crypto assets that Grayscale has announced they are considering creating new trusts for...