Price Discovery Mode | Weekly Recap
Dear Bankless Nation,
What a week.
Like clockwork…BTC and ETH also reached new all time highs. Is this early COIN holders rotating into crypto?
Bitcoin is now the 6th largest asset in the world on this leaderboard—only trailing Google, Microsoft, Apple, Amazon, Saudi Americo. Bitcoin is worth more than the entire Brazilian Stock Market. It’s now bigger than the British Pound Sterling.
ETH hit its new all time high of $2,500 with a market cap of $290 billion. Is that high? That depends what you believe about ETH. Should the world’s new financial system backed by ultra sound money be worth less than Paypal, Bank of America, JP Morgan, and Visa? Because ETH is still worth less than these legacy banks.
And here’s the thing. Each of these old school banks will be forced to build on top of DeFi and Ethereum—or else they’ll be replaced by someone that does. (👋 Coinbase)
We made the case for a trillion dollar ETH back when its market cap was $15 billion and everyone thought we were crazy. Now it’s getting close.
We’re still in price discovery mode.
Recap for the week of April 12th, 2021
- Execute any good market opportunities you saw in Market Monday
- Trade perpetual swaps on the dYdX rollup
- Send private payments on Ethereum with Aztec 🔥
- Learn about all the other things you can do on Layer 2
- Share whether or not you bought $COIN
Watch & Listen
- 🎙️ Listen to The SEC and DeFi | Hester Pierce
- 📺 Watch Eth Devs building DeFi | Preston Van Loon & Will Villanueva
- 📺 Watch ROLLUP: BTC & ETH ATHs | Coinbase | Berlin Upgrade
- 📺 Watch our AMA with Stefan Ionescu from Reflexer Labs
Weekly Subscriber Perks 🔥
Bankless premium members get you access to perks like these:
- Early Access to Before Bitcoin with Pet3rPan
- Exclusive debrief following the Hester Pierce podcast
- Full access to Market Monday reports
Launch your own raffle for Bankless Badge holders! Could be good marketing :)
📺 Episode 42 of State of the Nation
We’re now live streaming State of the Nation—join us at 2pm EST every Tuesday!
🗞️ Latest Weekly Rollup.Download the crypto meta to your brain in this weekly show.