admin Posted October 14, 2021 Report Share Posted October 14, 2021 <span class="ipsEmoji">????</span>Crypto Trader Digest Enjoy the Latest Edition of Crypto Trader Digest - All Ye Faithful A Message from Alexander Höptner, CEO of BitMEX Uptober continues apace, with a continued rally in crypto markets. As we head deeper into Q4, I reiterated my prediction that we’ll see Bitcoin touch $100,000 before the end of the year in comments I made on CNBC. (I was discussing the happy marriage between crypto companies and sport, as we see many crypto companies partner with high profile clubs. Spoiler alert: expect to see BitMEX and others in the industry striking many more partnerships in the sports space.) I also outlined my thoughts on El Salvador’s recent adoption of Bitcoin as legal tender, and how I think we’ll comfortably see five countries following suit by the end of 2022, driven by a mix of high inflation; political influence; and scale of in-bound remittances. If a powerhouse emerging economy like Brazil jumps in, as is looking increasingly likely, I think the dominoes will drop as other countries join the crypto believers. Talking of crypto believers versus non-believers, this is the focus of Arthur’s Crypto Trader Digest published today. He delves into the cult instincts of Lord Satoshi’s faithful to give a vivid account of how crypto markets are evolving. What really strikes me is the pace and scale of innovation that is evident in the crypto trading space today, fuelled by the power of decentralisation. He’s right to contextualise the FUD espoused in an attempt to divert the ‘righteous’ from our path to enlightenment. But on this, loyal Crypto Trader Digest readers, I strongly suspect I’m preaching to the converted. My favourite line? “The promise of true decentralisation and independence from a system of fiat oppression is too great for the downtrodden majority to ignore”. Have a great weekend everyone. - Alex (@AlexHoeptner) From the Desk of Arthur Hayes All Ye Faithful (Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) Do not be led astray by the siren songs of capricious harpies - for these creatures wish to infect the faithful with FUD in service to their master. These slimy serpents slither and yearn to surreptitiously slip allegiance to their false gods into our consciousness. Why do such malicious beings exist? Why ... because they seek to tempt the righteous among us into straying from the path to enlightenment. They can’t accept that we stand ready to serve Lord Satoshi and reap the bounty that they bequeathed to the realm of man. What is this bounty? It is the gift of the blockchain, the gift of desire and ability to destroy the towers of trust. These teetering pillars of inequity are slowly being dismantled institution by institution at the hands of a growing, glorious horde of enlightened humans. The devil that is centralisation, trusted middlemen, blood-sucking rent seekers, and lackies that enable the riches of a few in exchange for the poverty of many cannot stand the elevation of the faithful to an existence of independence and self-sufficiency. That is why the fiat devil wages total war, wielding the powerful weapon of FUD. But the power of the fiat devil is fleeting, and no match for the infectious gospel of our Lord Satoshi. The promise of true decentralisation and independence from a system of fiat oppression is too great for the downtrodden majority to ignore. Be not afraid of FUD– instead, be confident that the higher the pitch of the fiat siren song, the greater the success of our righteous acolytes. Click here to continue reading this edition of Crypto Trader Digest – Arthur Hayes, Co-Founder of BitMEX (@CryptoHayes) From BitMEX Research Outsourced Stake Diving deeper inthttps://blog.bitmex.com/outsourced-stake/?utm_source=newsletter&utm_medium=email&utm_campaign=CTD15Octo Proof of Stake, we examine the idea of outsourcing stake to third party validators, which potentially decouples the coin holders from the consensus agents. We take a look at Lido, a large staking service that accounts for nearly one fifth of all Ethereum at stake, then speak to Hasu, a crypto researcher and advocate of decentralised staking pools. Latest Commentary from BitMEX Developing Countries are Leading the Way in Bitcoin Adoption. Here’s Why “What the critics fail to recognise is that developing countries like El Salvador are leading the world in embracing decentralised digital currencies and payments. They’ve had decades to analyse how the global financial system works - and doesn’t work - for their populations. They acknowledge their powerlessness to influence monetary policy decisions that can have grave consequences on their citizens. They aren’t quite opting out of the monetary system status quo , but they are choosing to try something new. This deserves praise, not derision.” - Alex Höptner, BitMEX CEO Social Spotlight View this email in your browser No articles in this email should be copied or reproduced in whole or in part. The information contained does not constitute research or a recommendation. Neither HDR Global Trading Limited nor any of its affiliates make any representation or warranty as to the accuracy or completeness of the statements or any information contained in these articles and any liability therefor (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. This is not providing any financial, economic, legal, accounting or tax advice or recommendations. In addition, the receipt of this email is not to be taken as constituting the giving of investment advice nor to constitute such person a client of the BitMEX trading platform. This email was sent to <<Email Address>> why did I get this? unsubscribe from this list update subscription preferences BitMEX · Suite 202, 2nd Floor, Eden Plaza · Eden Island · Mahe · Seychelles View the full article Quote Link to comment Share on other sites More sharing options...
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