$10 Mio BTC by 2028? Ethereum will undergo 3 BTC Halvings this Year!
Bitcoin Supercycle? $10 Mio BTC by 2028, Ethereum will undergo 3 BTC Halvings this Year! 90% Less supply!
This Newsletter is jam-packed with crypto news & information I collected during the last week during my research. If you have an interesting article that you feel is missing, feel free to send it to me at yourdefiguide@gmail.com. 🤗
There is so much bullish news happening at the moment for many different cryptocurrency projects. I’m incredibly confident that crypto will be successful. Not only during this bull market but for the next 20 years. Take this lifetime opportunity to learn everything you can about blockchain, cryptocurrency, and DeFi.
Have a great weekend,
Kierin
Decentralized Lifestyle Update
Thursday, the 29th, was my last day working as a data analyst for EY. I’m on my own now and can dedicate all my time to researching crypto projects, creating tutorials and fundamental videos. I’m super excited about this 😬. It’s definitely a large step out of my comfort zone. But that’s where the magic happens. Let’s see where this journey leads us. (I actually sent the image above in my goodbye letter to the people I worked with.)
We bought the yellow camper for CHF16’500 ($18’000). Now we just need to do the paperwork, insurance, and number plate.
I’ll be creating videos soon on what kind of jobs exist in the cryptocurrency space and what kind of mindset you need to have to follow the same path I’m taking. More on that soon 🤗
My first hearty breakfast as a man free from the chains of a 9-5 😂😬
Bitcoin Supercycle? $10 Mio BTC by 2028
I’m a big fan of Elliot waves theory and like to trade markets on a longer time frame. That got me thinking, that the first few bull runs that we had (2011,2013,2017), might just be the first wave of a Cycle. (Multi-year trend).
The Elliott Wave Theory is interpreted as follows:
Five waves move in the direction of the main trend, followed by three waves in a correction (totaling a 5-3 move). This 5-3 move then becomes two subdivisions of the next higher wave move.
The underlying 5-3 pattern remains constant, though the time span of each wave may vary. (source)
That means the peaks of the last three bull runs are the first impulse wave up of a multi-year cycle. The Crypto winter between 2018 and 2020 is the second corrective wave. The bull run we are currently in is the first impulse wave (1) of a multi-year cycle.
I know these charts are looking at Bitcoin, but I believe it will translate on the rest of the market as everything is strongly correlated.
If we follow along with this crazy theory. That would mean:
$1m BTC by June 2025
$10m BTC by February 2028
I know this sounds like a wacky theory. But even if we are slightly below these targets, the future is bright for crypto.
Let me know what you think in the comments down below. 🤩
Crypto News Flash Updates 🗞
Ethereum will undergo 3 BTC Halvings this Year! 90% Less supply!
MASSIVE ETHEREUM HALVING THIS YEAR!! Last chance to accumulate ETH??
Tomasz (Nethermind) surprisingly let slip a target for the ETH Merge (Rayonism) October 2021. Reading between the lines, I speculate the target is indeed Q4 2021
Most clients are ready for Rayonism. The code changes for the Merge are relatively simple and most clients will be done in weeks, not months. Much of the remaining work is testing, testing, auditing, and more testing.
ETH will undergo the equivalent of 3 halving events in the next 12 months.
After the Merge and with the introduction of EIP1559 ETH will actually become deflationary. At this point, most price predictions that I have made concerning ETH reaching 20k$ might actually be incredibly undervalued. 😬🚀
5 Million+ Users onto Cardano
29.04.2021
MASSIVE BULLISH CARDANO ADOPTION! Onboarding 5m Users! Ethiopian deal! Cardano news today!
Ethiopia has an image problem. For decades, the mere mention of the country has conjured up images of famine and conflict.
However, Ethiopia is one of the fastest-growing economies of the world with around 9% year-on-year growth. To put that in perspective the US is only at around 2.9% per year.Â
IOG and Cardano come together to onboard 5 million students, 750 thousand teachers onto the Cardano Blockchain to improve education and their futures.
Everyone needs standards and consistency, especially in the government. Imagine you have 5 universities and each university uses a different blockchain and different dapp to record their grades and exams.Â
Even though they might not be using ADA currency. By onboarding so many users with real-use cases, it fosters crazy fast adoption. I don’t think Ethiopia will be the last African country to benefit from the Cardano technology.Â
ECB is issuing €100m 2 year digital bonds on Ethereum
28.04.2021
EXTREMELY BULLISH ETHEREUM NEWS TODAY! Adoption is happening faster than you think!
This is what adoption looks like. Even though this just the beginning we have come a long way to reach this point.
A lot of laughing, denial, anger, and then acceptance from institutions and governments. 🤬
You might be new to the space but I remember back in the day when people with good degrees and prominent positions as hedge fund managers would laugh at me when I talked to them about crypto.Â
European Investment Bank is issuing a $100m 2 year digital bonds on Ethereum through Goldman, Santander, and Societé.Â
If this doesn’t make your mind go blank with incredulity, then I don’t know what will. 😂
This test by the ECB is going to be the social proof that other central banks need. It will spread like wildfire.
Why did Elon Musk Sell 10% of Tesla’s Bitcoin Holdings?
27.04.2021
CRAZY CRYPTO ALTCOIN BULLRUN! WHAT IS SMART MONEY DOING? WHY DID TESLA SELL BTC? Aave Yield Farming
Whales are accumulating massive amounts of ETH as well as other altcoins.Â
The University of Zurich adds Cardano to their Blockchain curriculum for 2021
Mobile location data protocol Quadrant building new project ‘Geolancer’ on Polygon. Earn points by mapping locations with your phone.Â
Aave v2 launches a liquidity mining program targeting stable coin borrowers. Yield farming is available on Ethereum as well as Polygon Ethereum sidechain. You get APY for lending and borrowing. You get more back when you borrow than what you pay.
Tesla Sold 10%Â $272m of Its Bitcoin Holdings in Q1 2021 to Prove Liquidity
https://cryptopotato.com/tesla-sold-10-of-its-bitcoin-holdings-in-q1-2021-to-prove-liquidity/
Tesla sold 10% to offset R&D costs. That means they had to sell. They are still holding more than $1.33BN of Bitcoin and other assets. Even though Elon shouldn’t be considered a role model, he is still showing other companies that digital assets are real investments that can offset losses and hedge against inflation.Â
Altcoin Market on a run! BTC Dominance 50%!
26.04.2021
After two red weeks, BTC is nearly as oversold as march 2020. Everyone knows what happened afterwards.Â
Bitcoin’s market dominance drops to 50% for the first time since mid-2018. https://coinnounce.com/bitcoins-market-dominance-drops-to-50-for-the-first-time-since-mid-2018/
Ethereum [ETH] has been maintaining its position as the second-largest cryptocurrency and has been showing signs of decoupling from the largest crypto asset, Bitcoin [BTC] over the past few weeks.
In the chart below you can see that ETH broke above a multi-year long downwards trendline that was acting as a resistance.
Top 7 cryptocurrencies to watch this week: BTC, ETH, BNB, ADA, SOL, Matic, CAKE
Ethereum DeFi Lending Platforms Print Record High of $60,000,000,000 in Total Value Locked
Vitalik Buterin and Others Donate Crypto for COVID-19 Aid in India https://beincrypto.com/vitalik-buterin-donate-crypto-covid-19-aid-india/
Microsoft, Apple, and MicroStrategy Stock Tokens to Be Listed on Binance
https://u.today/microsoft-apple-and-microstrategy-stock-tokens-to-be-listed-on-binance
Crypto Nuggets & Alpha you don’t want to miss!💰
pNetwork and Algorand Partner for new Cross-Chain Connections
How DAOs should approach treasury management (Ryan Sean Adams)
Hope you enjoyed this weekly newsletter! I’d appreciate it if you would share it with friends and family.
Have a great weekend!
Kierin