The last time we talked, bitcoin was hovering around $48,000 and traditional markets were taking a hit. It was unclear what direction we were headed in. More consolidation? Or further downside?

Bitcoin showed strength and speculation going into the Futures ETF approval. Now, we are resting around $63,000 in a bit of a range from the new ATH and $59,000. This has allowed Alts to catch up and make a run. As I have previously said, Solana is my largest position outside of bitcoin.

SOL/BTC

We made it back into that range.

SOL/USD

Not much to say. SOL showing lots of strength against BTC, ETH, and other major alts. I am looking for it to get to $300-400 before settling down again.

My focus has been on NFTS and Sol and will be until bitcoin starts moving again. I don’t see any reason for this to pull back much. The next area of interest is $80-90k.

In the meantime, I think it is very important to try out protocols and interact with the different communities.

Trader Highlight

Loomdart has been very accurate on the recent moves of bitcoin. He is well worth the follow.

Major News

FTX finalized the acquisition of Ledgerx

Mastercard set to announce plan to allow all merchants to accept Bitcoin and offer BTC rewards

A Tech CEO says Hyperinflation is going to change everything.

Sen. Rand Paul says in an interview for Sunday's "Axios on HBO" that cryptocurrency could eventually replace the dollar as "the reserve currency of the world."

Jordan Belfort and Kygo make their profile pictures popular NFTs

It feels like everything is moving so fast and getting weird. It is going to be a wild 3-6 months.

Until next time,

-Molesy

As a reminder, this is not financial advice. Do your own research. 

Nothing in this newsletter constitutes investment, accounting, tax, or legal advice or is a recommendation that you purchase, sell or hold any security or other investment or that you pursue any investment style or strategy.

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