 |
| By Beth Canova |
Did you hear?
“No Bears Allowed” was the edict at this year’s Bitcoin Conference, as reported by DeFi expert Marija Matić. The conference, held in Nashville, Tenn., is the largest gathering of crypto experts and fanatics.
There were about 20,000 people in attendance, with many more tuning in online to hear about the future of the market … and what we can expect now that politicians have realized they need to court the crypto vote.
You can find Marija’s breakdown of the conference here.
As the ban on bears indicated, sentiment was high leading into the conference. That’s because many were expecting big things for Bitcoin’s price, particularly with Trump scheduled to speak. As the “crypto-friendly” president, he was expected to rally the bulls with some big announcements.
The hype soon fizzled out, however, when the presidential candidate didn’t validate rumors he’d increase the U.S. government’s crypto holdings should he get back into the Oval Office. In response, BTC pulled back and has been correcting since.
“Buy the rumor, sell the news” is still the motto most investors stick with, it seems.
But beneath the surface, things are moving in the right direction for Bitcoin and crypto regulation in the U.S., according to cycles expert Juan Villaverde.
His takeaway from the event? HODLers Hold Fast as U.S. Warms to Crypto. Indeed, he sees crypto continuing to develop, evolve and appeal to an ever-growing number of people. And he gives you one way you can set yourself up for that long-term prospect.
This means that crypto will very likely be an issue more voters than ever will have in mind when they go to the polls. And with crypto competing for campaign attention, where are investors looking to find the next big project?
That’s where our team of experts has you covered.
Small-cap connoisseur Dr. Bruce Ng is keeping his sights set firmly on the memecoin market. But he wants to draw a definitive line between the various types of memecoins. Political and celebrity projects in particular.
In his latest issue, he reveals The Unpopular Truth About Celebrity Coins. And he arms you with four questions you should ask yourself before investing in any memecoin.
Futurist and technical analyst Mark Gough believes the key to crypto’s future is found in its past. A core value of crypto is decentralization. So Mark is narrowing his focus on DePIN, a category of projects within the crypto space that leverage blockchain technology and tokens to achieve decentralization.
He believes DePIN is The Key to Decentralized Everything since it merges the physical world with blockchain technology. And Mark lists several different projects contributing to this revolution that you should have on your watchlist.
Finally, our tech expert Jurica Dujmovic believes he’s found The Next Big Thing in DeFi: restaking.
Restaking came onto the scene in 2023, and its encore performance in 2024 has been spectacular so far. And Jurica believes EigenLayer has the potential to dominate. It is already the second largest DeFi protocol, with a staggering $20.09 billion — or over 5.8 million ETH — locked in its protocol.
It’s no wonder EigenLayer is so popular. It lets users stake their ETH in one place … but get rewards from multiple protocols.
Now that’s making your money work harder for you!
But that’s all we have for this week. Check your inbox tomorrow for your next Weiss Crypto Daily update.
Best,
Beth Canova
Crypto Managing Editor
