Tuesday, June 14
Crypto Fast Food 🍟
$100 of Amazon in 2000 be worth today?
😂 Twitter Memes of the Week
Crypto Fast Fo🍟d
U.S. Inflation Sucker Punches Crypto Markets with a 8.6% Upper-Cut according to latest CPI Report. Bitcoin & Ethereum both bleed 20% in 24 hours in a Django-style bloodbath. 💦 😵 🥊
What Happened in a Nutshell 🥜
Inflation Report worse than expected (8.6%+ in the US) → Investors become Fearful → Stock prices go down →Fed raises interest rates to fight inflation → Stock prices go down even more → Investors Stop buying risky assets like Crypto → Prices go way, way down → Investors sell even more to "de-risk" → Prices go down more —> Leverage position get margin calls → more liquidated and the cycle continues ♻️
Jack Dorsey and Jay-Z announce plans to build a ‘Bitcoin Academy’ for Brooklyn Public Housing Residents. The academy will focus on Bitcoin and financial literacy; courses will beginning this summer for children, teens and adult residents of the Marcy Houses. 🏚🔥
Jack Dorsey announces plans to build Web 5. His company TBD wants to use Bitcoin to help people store their identity and data. TBD explains:
“Identity and personal data have become the property of third parties. Web 5 brings decentralized identity and data storage to individuals’ applications. It lets devs focus on creating delightful user experiences, while returning ownership of data and identity to individuals.”
Coin Center filed lawsuit in Federal Court against the Treasury Dept. for government overreach, saying that it forces its citizens to spy on each other without a warrant. They argue that this represents unconstitutional financial surveillance. 📄 👀
Do Kwon sent more than $80 Million a Month to Secret Wallets just months before Terra Luna Collapsed in a bank run Death Spiral. This comes after guilt-ridden Terra employees filed a complaint to the SEC. 💸
$100 of Amazon in 2000 be worth today?
Yesterday was an absolute bloodbath for the crypto market. Bitcoin and ETH are down 20% from the weekend and 70% total this year. 🤮
During this Bear Market, we thought everyone could use a xanax, a bottle of scotch and a six month coma from crypto. In lieu of that, here’s a little Hopium.
$100 of Amazon in 2000 💸
» What would a small investment in 2000 look like today ?
Why? To illustrate what an investment in BTC/ETH might look like in the future.
🔮 Here’s what we found:
$100 of Amazon purchased in Dec 2000, would have grown 215x 🔥 by 2021.
$100 ☞ $22,000 💰
The closing price for Amazon (AMZN) in 2000 was $15.56, on December 29, 2000. A $100 investment would have secured SIX shares of Amazon stock.
$100 dollars = ~6 shares. 😎
After the dot-com crash, it took Amazon 10 years to get back to its all-time high by 2009.
But by late 2009, Amazon took off. 🚀
And in the past decade, Amazon has grown north of 1,000%
Here’s the Breakdown:
2010 ☞ $200 (6 shares = $1,200)
2015 ☞ $500 (6 shares = $3,000)
2017 ☞ $1,000 (6 shares = $6,000)
2019 ☞ $2,000 (6 shares = $12,000)
2021 ☞ $3,700 (6 shares = $22,200)
If you went big and invested $1,000 in Amazon stock during the dot-com crash or anytime before 2009, you would’ve cashed in around $222,000 dollars 🔥
Seeing your portfolio go down 80%+ is rough. It is like being tossed off a mechanical bull after multiple shots of tequila… it leaves a mark but you’ll probably survive. 🤕
If you think in Decades and not Days, you will probably be fine. Like Amazon, those holding crypto for the long-term (+10 years) will see that things will recover and their investments will 10x to 100x during the next Bull Cycle. 🚀
Just look at how Bitcoin continues making higher and higher lows!
2017-2018 bear market
$BTC: went from $19,423 to $3,200 (-83%)
$ETH: went from $1,450 to $85 (-94%)
This Bear Cycle:
$BTC: went from $69,000 to $21,500 (-70%)
$ETH: went from $4,800 to $1,122 (-75% )
THE VIEWS AND OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATIONAL PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT, OR OTHER ADVICE. BLAH, BLAH, BLAH, BLAH…