📟 The Pager: The Bet of 2021
$11k Bitcoin, Elon, & 80's Money
Real quick though.
It’s time to start paying attention to Bitcoin & Ethereum, family. After waiting mad long, internet money is finally popping off into new market cycles. Typically, Bitcoin’s price pumps one year after its halving — removing 50% of the new supply. So, in 2021 we believe all-time highs are coming.
We became even more bullish about bitcoin when Paul Tudor Jones, the 7th highest-earning hedge fund manager of all time, announced he’s buying bitcoin. Paul is a trading legend, he predicted and profited from the epic stock crash of Oct. 1987.
🔥Quotes from his shareholder’s letter:
“I am not a hard-money nor a crypto nut. I am not a millennial investing in cryptocurrency, which is very popular in that generation, but a baby boomer who wants to capture the opportunity set while protecting my capital.”
He goes on to say:
“At the end of the day, the best profit-maximizing strategy is to own the fastest horse. Just own the best performer and not get wed to an intellectual side that might leave you weeping in the performance dust because you thought you were smarter than the market. If I am forced to forecast, my bet is it will be Bitcoin.”
The Take-Away
This guy is an old school trader who is peeping new dangers in society and wants to hedge them using the dopest available asset. And that dope asset, in his view, is friggin’ bitcoin.
Current Price: $11,000 per Bitcoin
Don’t Sleep.
All the big pieces are coming together
1. PayPal will offer crypto trading to 300+ million customers. Boom!✨
2. All US banks just got the go-ahead to store crypto or its customers. Bout time!
“From safe-deposit boxes to virtual vaults, we must ensure banks can meet the financial services needs of their customers today," said Acting Comptroller of the Currency Brian P. Brooks. "This opinion clarifies that banks can continue satisfying their customers' needs for safeguarding their most valuable assets, which today for tens of millions of Americans includes cryptocurrency." 🔥
3. Visa finally caught a ticket on the FOMO train to ride the bitcoin wave.
"We believe that digital currencies have the potential to extend the value of digital payments to a greater number of people and places. As such, we want to help shape and support the role they play in the future of money, says Visa.
It will be so obvious in hindsight what was coming.
Eth the Beast - Decentralized Finance taking over.
Ethereum is killing shit right now. There is currently $4.06 billion dollars flowing through Ethereum smart contracts.
Current Price: $320.00 per Ethereum
Current Price: $1,539.60 per Tesla share 👀
Thank you for reading or skimming!
Nahrabbits created The Pager to communicate a mix of frequent messages to people about the not so obvious shit going down in tech and cool finance
$AMPL. 👀