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| By Beth Canova |
In Juan Villaverde’s latest update, he let you know that Bitcoin’s Crystal Ball Calls for Caution.
To put it simply, the market is sending mixed signals. But the warning signs that are flashing are bright.
Which is why Juan suggests you may want to consider a more risk-adverse approach to the market right now.
(To learn more about how Juan is adjusting his long-term, “buy-and-hold” strategy for this market, click here.)
Still, key support levels for Bitcoin (BTC, “A-”) have held. And as Marija Matić pointed out on Monday, there are 4 Short-Term Causes of Crypto’s Latest Pause.
That tells me if key support can hold long enough, these headwinds could dissipate before the bull runs out of steam.
Talk about mixed signals!
That’s why Marija also introduced a way to take gambling out of your crypto strategy. Instead, she shows you how to Be the House with This Crypto Income Play.
By using stablecoins — pegged 1-to-1 to the U.S. dollar — as loaned liquidity, you can target high single-digit to double-digit APYs.
Meaning, while others panic over lost capital gains, you can earn income from your crypto … no matter the market!
Of course, in times of uncertainty, many investors flee instead to Bitcoin. After all, as digital gold, it often acts as a safe haven. One that lets you keep your capital in crypto.
And, if Senator Cynthia Lummis (R-Wyo.) gets her way, there could be more bullish news in store for BTC.
The Wyoming native recently proposed that the U.S. should use some of its gold reserves to buy BTC for the Strategic Bitcoin Reserve.
Why? Because according to her, Bitcoin Could Slash U.S. Debt by 50% with this move!
This just goes to show how far regulatory favor and increased legitimacy can bring Bitcoin and the broader market.
In his latest update, Bob Czeschin reveals the ways you can play this outlook before it becomes reality.
But your tech expert Jurica Dujmovic points out one pitfall of increased governmental and institutional adoption: Gone are the days when privacy came first on the blockchain.
That has led to A Fight Over On-Chain Privacy as retail investors and developers search for the best way to meet their need for on-chain privacy … without drawing Big Brother’s attention.
This fight is what sparked a massive run for an old project that offers a unique balance between transparency and privacy.
And it’s one Jurica believes could last longer than your typical flash-in-the-pan rally.
That’s all for this week. Be sure to look to your inbox tomorrow afternoon for your next Weiss Crypto Daily update.
Best,
Beth Canova
