InvestAnswers
#Bitcoin #Ethereum #Coinbase #EthereumClassic #GalaxyDigital #Doge #BofA
InvestAnswers LIVE NEWS
The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.
Takeaways
Not much for HNW and Treasuries
Also HUGE surge in stable coin reserves on spot exchanges looking to go long on dips!
BTC Supply Shortage Also On OTC
Takeaways
Story of ING Direct
Deposits leaving banks - the lifeblood
Fight it like BofA
Or embrace the revolution
Fidelity National Information Services (FIS) and the New York Digital Investment Group (NYDIG)
BTC Mainstreamification News
Takeaways
Sothebys Accepting Bitcoin For A Banksy.
276-year-old auction house said they would accept BTC for the Banksy
Estimate is $3-5M
53 BTC up to 89 BTC
Sounds cheap
Bitcoin for a Banksy!
Takeaways
Still waiting to enter
Options available
Facing headwinds
4% commissions not sustainable
Creative other businesses eg Sothebys
Update
Takeaways
$COIN expected to report earnings of $6.91 in 2021
$3.37 in 2022
$2.68 in 2023
Investors are now paying 76 times 2022 estimated earnings or 12 times sales
V Exp compared to peer group/ poor value based on its PE Ratio (178x) compared to the US market (20.7x).
Financials
Takeaways
Galaxy now a major league player
Can take on the legacy financial system
Crypto Custody is key for legacy FS
First $Bn Deal
Galaxy Digital also filed for BTC ETF
Watch out Traditional Institutions - Mike is coming!
Galaxy Digital News
Takeaways
BofA hates crypto
Bitcoin is “dirty, slow, volatile, impractical…”
Embrace or die
ETH has eclipsed BofA in terms of market cap
ETH Schadenfreude
Takeaways
New throughput ATH
16.5 transactions per second
NVT Ratio (Network Value to Transactions), the network’s market cap against the volume of US dollar transmitted on-chain
ETH NVT Bullish! We Are Early
Takeaways
ETH up 1500%
ETC up 1200%
Huge historic outperformance
But ETC is up 540% in a month
400BN vs 11bn
ETC on Fire
Takeaways
The new chain became Ethereum and the old chain became ETC
New version DAO Dec Auton Org
ETC has stayed true to immutability
ETH has key developers and functionality
ETC is not ETH
Takeaways
Ethereum classic's rally might be a sign of cryptocurrency froth
Cryptocurrency markets are witnessing such a bull frenzy that some also-ran tokens like ethereum classic that were left behind during last year’s rallies in bitcoin and ether are getting a fresh look from speculative traders and surging to previously unthinkable levels
ETC vs ETH
Doge #4 - Absurd!
Want more?
(you know what to do!)
#Bitcoin #Ethereum #Coinbase #EthereumClassic #GalaxyDigital #Doge #BofA
InvestAnswers LIVE NEWS
The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.
Takeaways
Not much for HNW and Treasuries
Also HUGE surge in stable coin reserves on spot exchanges looking to go long on dips!
BTC Supply Shortage Also On OTC
Takeaways
Story of ING Direct
Deposits leaving banks - the lifeblood
Fight it like BofA
Or embrace the revolution
Fidelity National Information Services (FIS) and the New York Digital Investment Group (NYDIG)
BTC Mainstreamification News
Takeaways
Sothebys Accepting Bitcoin For A Banksy.
276-year-old auction house said they would accept BTC for the Banksy
Estimate is $3-5M
53 BTC up to 89 BTC
Sounds cheap
Bitcoin for a Banksy!
Takeaways
Still waiting to enter
Options available
Facing headwinds
4% commissions not sustainable
Creative other businesses eg Sothebys
Update
Takeaways
$COIN expected to report earnings of $6.91 in 2021
$3.37 in 2022
$2.68 in 2023
Investors are now paying 76 times 2022 estimated earnings or 12 times sales
V Exp compared to peer group/ poor value based on its PE Ratio (178x) compared to the US market (20.7x).
Financials
Takeaways
Galaxy now a major league player
Can take on the legacy financial system
Crypto Custody is key for legacy FS
First $Bn Deal
Galaxy Digital also filed for BTC ETF
Watch out Traditional Institutions - Mike is coming!
Galaxy Digital News
Takeaways
BofA hates crypto
Bitcoin is “dirty, slow, volatile, impractical…”
Embrace or die
ETH has eclipsed BofA in terms of market cap
ETH Schadenfreude
Takeaways
New throughput ATH
16.5 transactions per second
NVT Ratio (Network Value to Transactions), the network’s market cap against the volume of US dollar transmitted on-chain
ETH NVT Bullish! We Are Early
Takeaways
ETH up 1500%
ETC up 1200%
Huge historic outperformance
But ETC is up 540% in a month
400BN vs 11bn
ETC on Fire
Takeaways
The new chain became Ethereum and the old chain became ETC
New version DAO Dec Auton Org
ETC has stayed true to immutability
ETH has key developers and functionality
ETC is not ETH
Takeaways
Ethereum classic's rally might be a sign of cryptocurrency froth
Cryptocurrency markets are witnessing such a bull frenzy that some also-ran tokens like ethereum classic that were left behind during last year’s rallies in bitcoin and ether are getting a fresh look from speculative traders and surging to previously unthinkable levels
ETC vs ETH
Doge #4 - Absurd!
Want more?
(you know what to do!)
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