The Daily LEO #1: Bitcoin Shortages, FOMO Setting in, ETH Exploding and The Beginning of an ALT Rally?

avatar
(Edited)

If you've been a member of the LeoFinance community since the beginning, then you may remember The Daily LEO newsletter that we used to publish each morning.

I've been contemplating a good way to bring back this newsletter that would actually drive new account signups and attention to https://leofinance.io and with our new site live and a bunch of signup/onboarding options rolling out over the coming weeks/months, it's finally time to get down and dirty with some marketing. Welcome to a new era of The Daily LEO.


The Daily LEO is a crypto-focused newsletter that we'll publish every day (Monday-Friday) which will contain the most relevant news and happenings in the space. This newsletter will be published everywhere. Make sure to subscribe to it using your favorite platforms:


Market Cap ATHs for Bitcoin

Price is the most used metric for tracking the progress of Bitcoin, but many analysts in the space are saying that we should focus on market cap.

Making headlines over the past week, the market cap ATH for BTC was crossed and we're currently sustaining and surpassing those ATHs.

While BTC's ATH was just under $20k in the last bull run, there were only 16.74M BTCs in existence.

Due to mining, there are now 18.53M BTCs today. At current prices and supply levels, this makes BTC's market cap the highest its ever been.

image.png

Source

Bitcoin Shortages

This next one comes from Coindesk where they report on some ideas about why BTC is rallying by Pantera. Pantera believes that the latest rally and continual "dip buying" is by PayPal and Square who routinely purchase BTC to service their customer buying activities.

These two companies are believed to be buying more than 100% of the income BTC supply (BTC being mined - 6.25 BTCs every 10 mins).

With all of this buying comes a possible "BTC shortage" as the rest of the market and institutions are still interested in buying up BTC where they can. The whole "Halving craze" is based primarily on this idea that a decrease in the coins being mined will lead to positive price action over the following year and we may see this accelerated exponentially by these major corporations eating up the already limited supply.

image.png

Source

3 Reasons Why Bitcoin Bulls Will Remain In Control

image.png

In this post, @taskmaster4450le outlines 3 reasons why BTC bulls will remain in the driver's seat for the months to come.

  • Number of 1K Bitcoin Wallets on the rise
  • Institutions are buying - Coinbase marked an increase from $6B under custody to now $20B since April of this year
  • Visa is making long-term moves to support digital currencies - CBDCs and possibly other digital currencies

Who or What Will FOMO Into BTC In the Next Cycle?

image.png

This next post by @markkujantunen highlights another angle of mass adoption coming to BTC. The previous posts highlighted the institutional money and usage coming into the space, but this post touches on the possibility for central banks to FOMO into BTC as a reserve asset.

This conversation has taken a bit of a backseat as the whole space lasers in on all the institutional attention, but this still plays a central role in future BTC adoption. As FOMO sets in, retail investors won't be the only ones buying. Institutions are already stepping up and central bankers won't be far behind.

Altseason looking like it may be about to begin...

image.png

@jrcornel talks about the beginning of Altseason as we see BTC cool off and the alts take the stage. This happened in the last major BTC cycle, but will we still see that major 10-100x run in the top ALTS this time around? Time will tell.

The Venezuelan Economic Chaos - Part 1

image.png

Many have called Covid the great accelerator. This applies to technological adoption but it also applies to global financial crises. Venezuela has been hit hard even pre-covid with malicious central bank actions and other devaluations to their currency.

This is precisely what BTC aims to solve and it's more important than ever that we follow what's happening in other parts of the world as the cadence of BTC's mission plays out. @juanmolina wrote a great post outlining what's happening now.

It Wouldn't Be a Bull Run Without Crypto Scams

image.png

@friendlymoose reports on the latest Uniswap scam - a fake Uniswap app posing as the real thing in the Google Play Store.

Now is the most important time to remind and educate everyone to proceed with caution in the space. There's never a shortage of scammers in crypto but when the bull run hits, there is a massive surge in the amount of scams and malicious activity. Stay vigilant and always beware of what you're downloading and why.


That's it for the first Daily LEO newsletter. Give us some feedback below with how we can improve it.

As the newsletter matures, we're going to make strides to get it out into the world. Be sure to follow the newsletter on Substack and all the other platforms and share it up with all of your crypto family and friends. The goal here is to bring new readers and users into LeoFinance as we share the top news straight from the community.

The community wisdom on LeoFinance is profound and the Daily LEO will spread that wisdom into the crypto space and hook new people in. Keep an eye out for the marketing campaigns we run against The Daily LEO so you can watch the subscriber numbers grow and the LeoFinance traffic rain from the crypto heavens!


Listen & Subscribe to the LeoFinance Podcast!

 

 

LeoFinance is a blockchain-based social media community for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

Track Hive DataNew Interface!About Us
HivestatsLeoFinance BetaLearn More
Trade Hive TokensWrapped LEOHive Witness
LeoDexwLEO On UniswapVote

Follow @leofinance for official updates

Posted Using LeoFinance Beta



0
0
0.000
32 comments
avatar

I just wrote about the shortage myself, there are a lot of new sources of big bitcoin buyers that are drying up the market. Good to see alt coins come to life, Leo is in a great position to run over the next weeks.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Truth is I love the goal of the newsletter, would probably educated people like me who aren't crypto gurus you know. Would Make sense to have it back

Posted Using LeoFinance Beta

0
0
0.000
avatar

Appreciate that the best crypto articles I read are on HIVE/LEO.

0
0
0.000
avatar

Now we know why LEO is hitting an ATH....

Should have brought back the Daily LEO 6 months ago and we would be at $10 LEO right now.

@khal asleep at the wheel again.

Posted Using LeoFinance Beta

0
0
0.000
avatar

if it were the beginning of the altseason it would remind a little of the trend of 2017 I just hope it won't end like in January 2018!

Scams are always a big fear for users but perhaps now there is more information and luckily ICOs no longer exist

Posted Using LeoFinance Beta

0
0
0.000
avatar

I really like the concept of a news letter - and it's got a nice tone linking into articles too.

The most immediate thing to improve, maybe some dividers between articles>? Nothing too heavy, but something a bit more obvious would be nice! Just like you've got between sections towards the end.

It's a nice edition to the platform!

Posted Using LeoFinance Beta

0
0
0.000
avatar
(Edited)

This is awesome! Thanks for doing this! Any way we can get an email list going and spam (I mean send) this out each week? :)

Posted Using LeoFinance Beta

0
0
0.000
avatar

Email is so undervalued in the digital marketing space.

The Substack link in the post above just needs updating.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Price is the most used metric for tracking the progress of Bitcoin, but many analysts in the space are saying that we should focus on market cap.

If bitcoin hits 1 trillion market cap, the media are going to lose their friggin' minds and the hype will be crazy. I know the number doesn't really mean anything because I think Apple passed that number a while ago, but people like round numbers.

Posted Using LeoFinance Beta

0
0
0.000
avatar

With all of this buying comes a possible "BTC shortage" as the rest of the market and institutions are still interested in buying up BTC where they can.

Do you remember this guy?

Jamie Dimon of JPMorgan & Chase | *satirical gif* created by @sgt-dan using giphy.com

Posted Using LeoFinance Beta

0
0
0.000
avatar

Nice initiative this! I listened to the podcast yesterday too.
Cool to see that my article about the fraudulent Uniswap app is included in the newsletter.
As I'm in the security business I follow all security related news so I can keep you updated with this because awareness is very important.

Posted Using LeoFinance Beta

0
0
0.000
avatar

A new season of ALTCOIN is about to begin .. this is my opinion

Posted Using LeoFinance Beta

0
0
0.000
avatar

I have been waiting almost three years to see the altcoin run...

I hope I bet on the right horses.

Posted Using LeoFinance Beta

0
0
0.000
avatar

three years is not that long ... I expect to see something in 6 months and then to see a strong gain in 2023/2024 (In my opinion)

0
0
0.000