C.R.E.A.M. #26 - The Boomers Are Incoming
Dear Lizards
wow! This -10% candle was shocking the crypto market. Fake news of the "Fake Bitcoin" (Bitcoin Cash) founders, about an upcoming Bitcoin ETF denial have caused a -10% intraday dump of the Bitcoin price from >45k to <41k causing liquidations of ~$1Bn. There we have the anticipated pre-ETF decision volatility! Is this the baby boomers making their move to manipulate and enter the market? Seems likely.
But it's not over yet. Grayscale, a key player, has left us in suspense by omitting the identity of its authorized participant in the latest SEC filing. As BlackRock and Valkyrie reveal their partnerships, Grayscale's unique position raises eyebrows.
Our Top 10 Altcoin Portfolio has performed very, very well in the meantime. We will touch base on that as well!
In our upcoming issue, we dissect the intricacies of Bitcoin and Ethereum amid the ETF anticipation. Stay tuned for the analysis that will navigate you through the boomers' entrance and the evolving crypto landscape.
Yours,
Stockmoney Lizards