This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!IT'S ALL HAPPENING!I have spent the morning listening to aggressive rap music and Rage Against the Machine, pumped up about the news that Tesla has purchased 1.5B worth of Bitcoin and will be accepting Bitcoin as payment for cars.I feel like I won the Super Bowl.This is meaningful on a number of levels. First, it's a resounding endorsement from the richest man in the world and, more importantly his company, that Bitcoin is a legitimate asset and a hedge against inflation. Other companies will be forced to add Bitcoin to their balance sheet. Further, when Tesla starts to accept Bitcoin payments, EVERY OTHER CAR COMPANY will be forced to do the same to compete. The gravity of this moment can not be understated.This is the first time in ages that I have felt legitimately emotional about Bitcoin, and for once I am not forcing myself to suppress those emotions for the benefit of my trading. I'm an investor first, and this is a massive moment for all of us, and likely the opening of the flood gates of similar news. It feels like this is the proverbial straw that will break the camel's back for Bitcoin adoption and for the masses to take our beloved asset more seriously.Allow yourself to be excited. Hug your kids, kiss your partner, throw a party for yourself.I am, and it's only 9 AM.Much of the emotion comes from the fact that we can all, once again, feel vindicated for our belief in Bitcoin. We have all been called crazy for years, accused of being idiots drawn in by a purely speculative asset. They said that Bitcoin had no real value, that price would crash, that the end was nigh. They laughed.Well who's laughing now?Those same people will be buying when price crosses 50K... and 100K.Enjoy this moment, it's legitimately meaningful and nobody can take it away from us.I will be livestreaming on YouTube today at 2 PM, going through charts searching for more trades and to talk TESLA! Join me! https://www.youtube.com/watch?v=h0eQ_ye2OfMIn This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsHope Is Not A Trading StrategyElon Musk’s Announcement Slows ExchangesBitcoin’s Marketcap Is Flipping Tesla’sChina’s CBDC Continues To Develop And SucceedMy Recommended Platforms And Tools
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The Wolf Den #173 - Tesla Finally Buys
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This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!IT'S ALL HAPPENING!I have spent the morning listening to aggressive rap music and Rage Against the Machine, pumped up about the news that Tesla has purchased 1.5B worth of Bitcoin and will be accepting Bitcoin as payment for cars.I feel like I won the Super Bowl.This is meaningful on a number of levels. First, it's a resounding endorsement from the richest man in the world and, more importantly his company, that Bitcoin is a legitimate asset and a hedge against inflation. Other companies will be forced to add Bitcoin to their balance sheet. Further, when Tesla starts to accept Bitcoin payments, EVERY OTHER CAR COMPANY will be forced to do the same to compete. The gravity of this moment can not be understated.This is the first time in ages that I have felt legitimately emotional about Bitcoin, and for once I am not forcing myself to suppress those emotions for the benefit of my trading. I'm an investor first, and this is a massive moment for all of us, and likely the opening of the flood gates of similar news. It feels like this is the proverbial straw that will break the camel's back for Bitcoin adoption and for the masses to take our beloved asset more seriously.Allow yourself to be excited. Hug your kids, kiss your partner, throw a party for yourself.I am, and it's only 9 AM.Much of the emotion comes from the fact that we can all, once again, feel vindicated for our belief in Bitcoin. We have all been called crazy for years, accused of being idiots drawn in by a purely speculative asset. They said that Bitcoin had no real value, that price would crash, that the end was nigh. They laughed.Well who's laughing now?Those same people will be buying when price crosses 50K... and 100K.Enjoy this moment, it's legitimately meaningful and nobody can take it away from us.I will be livestreaming on YouTube today at 2 PM, going through charts searching for more trades and to talk TESLA! Join me! https://www.youtube.com/watch?v=h0eQ_ye2OfMIn This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsHope Is Not A Trading StrategyElon Musk’s Announcement Slows ExchangesBitcoin’s Marketcap Is Flipping Tesla’sChina’s CBDC Continues To Develop And SucceedMy Recommended Platforms And Tools