Bitcoin price’s greatest catalyst in 2021 is the expanding M1 supply—here’s whyBTC $29,372 (+2%) • ETH $737 (+0.1%) • XRP $0.24 (+14%)
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The price of Bitcoin is surging and there are many catalysts behind it, such as institutional demand and the appetite for risk-on assets. But, there is one major factor that makes Bitcoin particularly compelling as a store of value and that is the M1 Money Supply. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬Paxful’s Ray Youssef on the Bitcoin hustle and why Africa leads crypto adoption
Ray Youssef is a man on a mission. And he isn’t chasing token scams, pump and dumps, or the next hot DeFi project. Instead, he’s at the helm of one of the world’s biggest and oldest crypto exchange platforms, Paxful. The firm has been around since 2015 and allows users to buy and sell Bitcoin instantly in over 300 ways via its leading peer to peer marketplace. Billionaire Winklevoss: Ethereum is easily the most underpriced cryptoCameron Winklevoss, the co-founder of Gemini and the billionaire Bitcoin investor, believes Ethereum is the most underpriced cryptocurrency at the moment. The world of Polkadot (DOT): A 2020 year in reviewAccording to Gavin Wood, the founder and lead developer at Polkadot, The ambitious blockchain project has had a hugely successful year and will continue to be the most decentralized network on the market. Uniswap (UNI) and Yearn.finance (YFI) shoot over 10% higher despite Bitcoin rallyUniswap’s and Yearn.finance’s native coins, UNI and YFI, are finally moving higher after an extended slump. Bitcoin-focused DeFi project with almost $500m in TVL to launch rebase tokenAside from algorithmic stablecoins, BadgerDAO has been one of the most widely talked about Ethereum DeFi projects over the past few weeks. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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Bitcoin price’s greatest catalyst in 2021 is the expanding M1 supply—here’s why