The Brief for November 23, 2020
Well well well. Bitcoin’s booming, near all-time high for price, broke all-time high for market cap, and long positions are piling up on the exchanges. After lagging for a bit, altcoins are picking up steam, too. What a difference a few weeks make!
If you didn’t catch my most recent update from Friday, please do, it’s still timely and highlights some very important perspective that you need to know right now.
Only one article and one video this week.
Airbnb May Consider Crypto & Blockchain, According to IPO Prospectus
Bottom line: AirBnB mentioned tokenization and cryptocurrencies among several technologies it plans to develop once it goes public.
My take: hard to tell if this is corporate speak or legit intent, but merely mentioning these concepts to investors adds legitimacy to cryptocurrency.
Why we care: as more and more companies include cryptocurrency as a feature or technology they can leverage for profits and growth, more and more people will open their minds to putting some money into it. They may not even start with bitcoin—they may get the impression bitcoin is slow and useless but the altcoins “have real-world use cases” (which is true but not necessarily a good investment strategy).
Check out Digital Asset News great interview with Celsius Network CEO Alex Mashinsky. If you’ve subbed for any length of time, you know I’m a fan of Celsius.
In this video, you’ll learn how Celsius works—lending, insurance, CEL token, profit-making, all that. DAN does an awesome job, this is a must-watch to understand how custodial crypto lending works. You also get a little glimpse into how Wall Street works.
Pretty exciting times right now, good to see others have started to agree. Relax and enjoy the ride!
The celsius video was a real eye opener. Thanks,.