MAJR Newsletter 082

The Crypto Barbell Strategy and Fire Sale Opportunities. Get Your Alpha While it's Hot.

May 25, 2021

@justingammon

MAJR NEWS BRIEF

There’s a crypto fire sale across some amazing projects. Pay attention.

Right off the bat, tokens are still way off their highs. The bull market is still intact and there’s easy 2x-5x opportunities just sitting on US crypto exchanges (easy for US investors). Short term for crypto (2 weeks - month) is still on shaky ground. We could be range bound between $30k-$40k bitcoin for while (remember bitcoin leads the market). While, $30k-$40k bitcoin is a steal and ether is well off it’s high as well, A+ altcoins are looking extra juicy.

I’ve always been a fan of the “Crypto Barbell Strategy” (TM).

Crypto Barbell Strategy: The name of the game is to accumulate more bitcoin and ether. If you’re investing in crypto, these are the least risky assets. They’re on one side of the barbell and your largest holdings. In order to maximize your BTC and ETH holdings, you utilize altcoins to generate alpha, explosive returns. You’re not wedded to these projects, you manage your position carefully (smaller), and you think short term. This is the other side of the barbell.

Below is a short list of great deals available now. Listed top - down by risk and difficulty to acquire. Included are percentages off highs (at time of writing) and where to find them.

Chainlink (LINK) | -108% | Exchanges
Polkadot (DOT) | -135% | Exchanges
Litecoin (LTC) | -132% | Exchanges
AAVE (AAVE) | -92% | Exchanges
Kusama (KSM) | -99% | Exchanges
Terra (LUNA) | -266% | Exchanges
Solana (SOL) | -107% | Exchanges
Enjin (ENJ) | -186% | Exchanges
Decentraland (MANA) | -85% | Exchanges
Livepeer (LPT) | -79% | Exchanges
Skale (SKL) | -141% | Exchanges
Mirror Protocol (MIR) | -300% | Exchanges
Serum (SRM) | -100% | Exchanges

Enjoy.

- Matt Verklin

THIS IS NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH. THESE ARE ONLY MY PERSONAL OPINIONS. INFORMATION / ENTERTAINMENT PURPOSES.

In other news:

Legendary Macro Investor, Ray Dalio bought the bitcoin dip.
“I’d rather own bitcoin, than a bond.”

A healthy correction indeed as more new long term hodlers accumulated more bitcoin. New 16,445 addresses accumulate 30,000 more btc.

A new Bitcoin mining council led by Elon and Saylor has been ridiculed on Twitter as a closed door meeting. This is more of theater and a Saylor attempt to cool off Elon’s bitcoin tweets. Full node operators ultimately control bitcoin, not miners.

Fed’s balance sheet to hit $9 trillion by 2023. It’s $7.9 trillion now, so 2023 seems like a given with the amount of fiscal spending coming down the pipe.

We’re seeing price inflation in the commodities (technology metals - copper, platinum, lithium, cobalt) necessary to lower our carbon footprint and enable Biden’s $1.7 trillion green infrastructure plan. However, miners aren’t investing to increase their supply to keep up with demand. Capital spending is set to fall by 6% among major diversified mining companies and 10% among copper miners this year, meanwhile, the total demand for copper is forecast to increase 40% by 2030, with “green demand” jumping by as much as 900%. The commodities trade is far from over.

The world’s second-largest credit market, China has a debt problem or more of a debt bomb. In China’s $18.1 trillion bond market, there’s $1.3 trillion coming due of domestic debt in the next 12 months. That’s 30% more than what US companies owe and 63% more than all of Europe. The average maturity is much shorter in China, which appears to be due to increased risk and therefore rates to lend for the long term. It’s safe to expect China returning to easy monetary policies in order to support their slower than growth and rising debt.

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FACTS

China and US landed rovers Mars on the same day…China is on Mars?

The world still isn’t freaking about the US Military confirming they see UFOs…every single day…what is wrong with humanity?!?

Today’s critical thinkers = Zero

Except for ya’ll ;)

TOP STORIES

BITCOIN

‘This Isn’t the Start of OPEC’: New Bitcoin Mining Council Just Wants to Promote Greener Practices, Member Says, Coindesk
Dalio says ‘I have some bitcoin,’ at crypto conference: ‘Personally, I’d rather have bitcoin than a bond’, MarketWatch
Number of Bitcoin Holders Shoots to Record High, Data Shows, Coindesk
$8.6B IT firm Globant revealed as Bitcoin’s latest institutional buyer, Cointelegraph

Vitalik Buterin Ethereum [ETH] Founder | Calls Craig ...

CRYPTO

Goldman Sachs Report Projects Coinbase Stock Will Climb to $306, Looks to DeFi and Beyond, Coindesk
Consensus 2021: 8 Questions for Ethereum’s Andrew Keys, Coindesk
Vitalik: Why Elon Musk’s plan for scaling crypto 10x is ‘fundamentally flawed’, Cointelegraph
Reef Finance set to launch DeFi-focused blockchain solution Reef Chain (Polkadot Project), Cointelegraph
Redditors Are Turning to Crypto, Not GameStop, Amid Market Volatility, Decrypt

MACRO

Elizabeth Warren Floats $31.5 Billion Plan to Pursue Tax Cheats, Bloomberg
Fed’s Brainard Offers Warning on Risks Created by Private Digital Money, WSJ
Federal Reserve’s Balance Sheet Could Hit $9 Trillion, Report Says, WSJ
Commodity Prices Have Soared, but Miners Aren’t Investing, WSJ
Biden looks abroad for electric vehicle metals, in blow to U.S. miners, Reuters
Central Banks Running Out of Options as Recovery Falters in Asia, Bloomberg
China Braces for $1.3 Trillion Maturity Wall as Defaults Surge, Bloomberg
India Variant (B.1.617) Sparks Concern in U.S., Bloomberg

MEDIA

Is the Bitcoin Bull Market Over? With Willy Woo

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THIS IS NOT FINANCIAL ADVICE. IT’S IMPORTANT TO DO YOUR OWN RESEARCH. INVESTING IN CRYPTOCURRENCY OR ANYTHING FOR THAT MATTER COMES WITH RISK. THE INFORMATION PRESENTED IN THIS NEWSLETTER IS FOR INFORMATION AND ENTERTAINMENT PURPOSES ONLY.

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