Bullish on everything DeFi until $100,000 BTC
With ETH approaching new ATH's presumably by the end of this week, it won't be long before the real bull run begins. So far, hodlers and institutional money managers have led the charge, but true retail investment hasn't even begun to explode. When ETH passes into the $1,800 USD area, the real FOMO Market will begin. Things will be incredibly choppy but until BTC hits $100,000, no dip regardless of size should be considered anything but a correction, soon to be followed by an even greater continuation. Diversification is imperative as we head into the uncharted waters of securities regulations, however, I think it's humble to assume that at least one of the leading crypto DeFi exchange protocols will eventually find it's way into the client portfolios of institutional money managers. Watch for Uniswap (which is already registered security) and Compound, my top 2, as well as Balancer, and as much as I hate to say it HEX. For those of you who don't know Richard Heart's HEX Certificate of Deposit Token, it's definitely something worth checking out. As to the reliability of HEX and it's fixed contract distribution, stability would seem to go hand in hand, yet there have been rumors circulating throughout the duration of HEX's existence on Ethereum that a large portion of the ETH transformed into HEX goes straight to "Origin Address" that some skeptics consider belonging to Richard Heart. Rather it does or doesn't, price always seems to recover and with the influx of new retail investors on the horizon, I wouldn't be surprised one bit if HEX ends up taking off into the $1-$5 per token range within the next 2 or 3 years. MarketWatch has already declared that HEX was the best performing asset of 2020 and that was before BTC was at $33k. All that aside, Richards, "Trump-like" demeanor and occult like following has damnation written all over it. Overall, I'm bullish on everything in the top 100 except XRP. Sorry Ripple, you kinda screwed up.
With ETH approaching new ATH's presumably by the end of this week, it won't be long before the real bull run begins. So far, hodlers and institutional money managers have led the charge, but true retail investment hasn't even begun to explode. When ETH passes into the $1,800 USD area, the real FOMO Market will begin. Things will be incredibly choppy but until BTC hits $100,000, no dip regardless of size should be considered anything but a correction, soon to be followed by an even greater continuation. Diversification is imperative as we head into the uncharted waters of securities regulations, however, I think it's humble to assume that at least one of the leading crypto DeFi exchange protocols will eventually find it's way into the client portfolios of institutional money managers. Watch for Uniswap (which is already registered security) and Compound, my top 2, as well as Balancer, and as much as I hate to say it HEX. For those of you who don't know Richard Heart's HEX Certificate of Deposit Token, it's definitely something worth checking out. As to the reliability of HEX and it's fixed contract distribution, stability would seem to go hand in hand, yet there have been rumors circulating throughout the duration of HEX's existence on Ethereum that a large portion of the ETH transformed into HEX goes straight to "Origin Address" that some skeptics consider belonging to Richard Heart. Rather it does or doesn't, price always seems to recover and with the influx of new retail investors on the horizon, I wouldn't be surprised one bit if HEX ends up taking off into the $1-$5 per token range within the next 2 or 3 years. MarketWatch has already declared that HEX was the best performing asset of 2020 and that was before BTC was at $33k. All that aside, Richards, "Trump-like" demeanor and occult like following has damnation written all over it. Overall, I'm bullish on everything in the top 100 except XRP. Sorry Ripple, you kinda screwed up.