PHEMEX just launched a new bonus that is running for 3 weeks. They are offering up to a $600 bonus for BTC deposits, depending on how much you deposit. With the existing $120 bonus for signups using my link, that is $720 in potential bonuses. Current users are also eligible for the new bonus, but every existing user needs to click “sign up” in the page linked here.Sign up here - https://phemex.com/a/ScottMelkerYesterday was one of the best days that we have ever experienced in this market. No need to beat a dead horse and review the same reasons that the Tesla news is important, but I think it's fair to say that my excitement and optimism has continued to grow as I process the news. I truly believe that Tesla's investment in Bitcoin will open the floodgates to other corporations doing the same. This puts tremendous pressure on everyone to follow Tesla's lead, whether they want to or not. It could become a necessity for companies to at least gain a bit of exposure in the face of pressure from their stock holders.Important to note is the fact that anyone who owns Tesla stock now has exposure to Bitcoin. The performance of Bitcoin will only have a marginal impact on stock price - 1.5B on a 800B market cap asset is a drop in the bucket - but still, Tesla investors now have to support Bitcoin. Microstrategy stock has risen by many multiples as a result of their investment in Bitcoin. This makes sense - they own well over a billion dollars worth and the market cap of the entire company is only around 8B. It's as much larger percentage of the pie. The idea for both companies is the same. Strong Bitcoin is good for the bottom line.Add to all of this the fact that Michael Saylor just hosted a 3 day summit teaching corporations how to buy Bitcoin and why it's important, and you have a recipe for continued bullishness. THOUSANDS of companies took the time to attend - if even 1% of those decide to act, it will impact price to the upside.The larger Bitcoin's market cap grows, the more self-fulfilling the prophecy. Companies will be more comfortable buying at higher prices with a larger market cap. The bigger the company, the bigger they need BTC to be to participate. This will inevitably lead to an ETF, which will be the final tool needed for companies to plough their treasuries into BTC.I believe that this is just the beginning. The floodgates have been cracked - now we need follow through to open them the rest of the way.In This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsGrayscale Continues To Buy More Bitcoin Than Is MinedApple Should Explore Bitcoin According To RBC CapitalEthereum CME Launch Saw Significant InterestThe Demand For NBA NFTsThe Wolf Of All Streets Podcast Ft. Raoul MilhadoMy Recommended Platforms And Tools
The Wolf Den #174 - The Flood Gates Are Opening
The Wolf Den #174 - The Flood Gates Are…
The Wolf Den #174 - The Flood Gates Are Opening
PHEMEX just launched a new bonus that is running for 3 weeks. They are offering up to a $600 bonus for BTC deposits, depending on how much you deposit. With the existing $120 bonus for signups using my link, that is $720 in potential bonuses. Current users are also eligible for the new bonus, but every existing user needs to click “sign up” in the page linked here.Sign up here - https://phemex.com/a/ScottMelkerYesterday was one of the best days that we have ever experienced in this market. No need to beat a dead horse and review the same reasons that the Tesla news is important, but I think it's fair to say that my excitement and optimism has continued to grow as I process the news. I truly believe that Tesla's investment in Bitcoin will open the floodgates to other corporations doing the same. This puts tremendous pressure on everyone to follow Tesla's lead, whether they want to or not. It could become a necessity for companies to at least gain a bit of exposure in the face of pressure from their stock holders.Important to note is the fact that anyone who owns Tesla stock now has exposure to Bitcoin. The performance of Bitcoin will only have a marginal impact on stock price - 1.5B on a 800B market cap asset is a drop in the bucket - but still, Tesla investors now have to support Bitcoin. Microstrategy stock has risen by many multiples as a result of their investment in Bitcoin. This makes sense - they own well over a billion dollars worth and the market cap of the entire company is only around 8B. It's as much larger percentage of the pie. The idea for both companies is the same. Strong Bitcoin is good for the bottom line.Add to all of this the fact that Michael Saylor just hosted a 3 day summit teaching corporations how to buy Bitcoin and why it's important, and you have a recipe for continued bullishness. THOUSANDS of companies took the time to attend - if even 1% of those decide to act, it will impact price to the upside.The larger Bitcoin's market cap grows, the more self-fulfilling the prophecy. Companies will be more comfortable buying at higher prices with a larger market cap. The bigger the company, the bigger they need BTC to be to participate. This will inevitably lead to an ETF, which will be the final tool needed for companies to plough their treasuries into BTC.I believe that this is just the beginning. The floodgates have been cracked - now we need follow through to open them the rest of the way.In This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsGrayscale Continues To Buy More Bitcoin Than Is MinedApple Should Explore Bitcoin According To RBC CapitalEthereum CME Launch Saw Significant InterestThe Demand For NBA NFTsThe Wolf Of All Streets Podcast Ft. Raoul MilhadoMy Recommended Platforms And Tools