Enter the Altcoin Graveyard: $3.4bn Crypto Purge Looms! 💥

Helping EVERYONE to make better crypto investment decisions.

Many have been asking, so for the next 30 days, for new annual subscribers of our substack updates, we will send a signed copy of the book ‘Crypto Titans: How trillions were made and billions lost in the cryptocurrency markets” to their postal address (no extra shipping and no handling fees).

👇 1) Many still keep asking ‘which altcoins to buy?’ Our answer has been consistent: that the altcoins of the previous bull markets appear tainted and might never come back while we need a new theme for the next generation of altcoins to gain traction. In the meantime, keeping exposure to Bitcoin makes the most sense.

👇 2) In an April filing, FTX said it held $3.4bn in crypto assets. In last week’s filing, FTX indicated its willingness to sell $200m of crypto assets per week (!!!) as the company wants to return fiat instead of crypto to its users. This means FTX will continue to sell assets until the end of 2023.

But there is more to sell – namely: