This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $1200 worth. I really encourage you to check them out.The banks are failing at their own game. Gold futures interest is reportedly so low that banks are coming together to abandon gold and silver products entirely. According to reporting sources, “banks have been incurring losses by paying maintenance fees to run these products and had to lock up millions of dollars to fund them.” Among the banks fleeing these products are HSBC, Morgan Stanley and JP Morgan. HSBC is not yet crypto-friendly, but both Morgan Stanley and JP Morgan are already gearing up for their involvement in a big way.Could Bitcoin be the reason why? It’s definitely a factor in this major shift. Times are changing and interest in gold is diminishing, as a tech savvy generation comes into its own. That's why digital gold is a different story. Why would someone want to own paper gold through futures or deal with a physical metal? It makes little sense in a digital world adapting to a new financial environment.Many gold investors have historically been willing to own paper gold and forgo ownership in its truest form, but this is a trend that has come to an end. The few true gold believers who remain are more likely to hold physical gold - after all, a piece of paper is not an inflation hedge if the very bank that holds the paper can collapse. Owning physical gold is a major headache.Gold investors can have their cake and eat it too with Bitcoin. Bitcoin offers investors the ability to choose true ownership without having to account for rising premiums or pay for physical storage. Furthermore, Bitcoin offers far better liquidity than paper gold at the same level of ownership as physical gold. Gold will never simultaneously offer true ownership, simple storage, high-level liquidity, and low premiums. Bitcoin is a massive upgrade for gold investors, a true 2.0 version, retaining the same narrative and value proposition in 21st-century style. It took only 12 years for both early adopters and legacy investors to realize that a better option exists and that it is one that is on a path to improve and re-envision global finance.Happy #350 edition. I am so thankful for each and everyone one of you that have subscribed to this newsletter. It has created an excuse for me to spill my thoughts and engage with you and this market in a meaningful way. I can't wait for all of us to make more money together this bull run - the world is yours!In an effort to continue improving the newsletter, we are deepening our partnership with IntoTheBlock! Look for more reports from them on Thursdays as well.In This Issue:Digital Gold > GoldBitcoin Thoughts And Analysis4 Key Insights Into NFTs - IntoTheBlockAltcoin ChartsLegacy MarketsMajor Upgrade For DOT On The WayStripe Returns To CryptoU.S. Becomes Hashrate KingThe Wolf OfAll Streets Podcast Ft. Senator Cynthia LummisMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #350 - Digital Gold > Gold
The Wolf Den #350 - Digital Gold > Gold
The Wolf Den #350 - Digital Gold > Gold
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $1200 worth. I really encourage you to check them out.The banks are failing at their own game. Gold futures interest is reportedly so low that banks are coming together to abandon gold and silver products entirely. According to reporting sources, “banks have been incurring losses by paying maintenance fees to run these products and had to lock up millions of dollars to fund them.” Among the banks fleeing these products are HSBC, Morgan Stanley and JP Morgan. HSBC is not yet crypto-friendly, but both Morgan Stanley and JP Morgan are already gearing up for their involvement in a big way.Could Bitcoin be the reason why? It’s definitely a factor in this major shift. Times are changing and interest in gold is diminishing, as a tech savvy generation comes into its own. That's why digital gold is a different story. Why would someone want to own paper gold through futures or deal with a physical metal? It makes little sense in a digital world adapting to a new financial environment.Many gold investors have historically been willing to own paper gold and forgo ownership in its truest form, but this is a trend that has come to an end. The few true gold believers who remain are more likely to hold physical gold - after all, a piece of paper is not an inflation hedge if the very bank that holds the paper can collapse. Owning physical gold is a major headache.Gold investors can have their cake and eat it too with Bitcoin. Bitcoin offers investors the ability to choose true ownership without having to account for rising premiums or pay for physical storage. Furthermore, Bitcoin offers far better liquidity than paper gold at the same level of ownership as physical gold. Gold will never simultaneously offer true ownership, simple storage, high-level liquidity, and low premiums. Bitcoin is a massive upgrade for gold investors, a true 2.0 version, retaining the same narrative and value proposition in 21st-century style. It took only 12 years for both early adopters and legacy investors to realize that a better option exists and that it is one that is on a path to improve and re-envision global finance.Happy #350 edition. I am so thankful for each and everyone one of you that have subscribed to this newsletter. It has created an excuse for me to spill my thoughts and engage with you and this market in a meaningful way. I can't wait for all of us to make more money together this bull run - the world is yours!In an effort to continue improving the newsletter, we are deepening our partnership with IntoTheBlock! Look for more reports from them on Thursdays as well.In This Issue:Digital Gold > GoldBitcoin Thoughts And Analysis4 Key Insights Into NFTs - IntoTheBlockAltcoin ChartsLegacy MarketsMajor Upgrade For DOT On The WayStripe Returns To CryptoU.S. Becomes Hashrate KingThe Wolf OfAll Streets Podcast Ft. Senator Cynthia LummisMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO