Just when you thought it was all over – it’s not!
The hot news this week is that the SEC is not throwing in the towel with its crypto persecution of Ripple’s XRP. Despite Ripple’s court victory – which ruled XRP is not a security – the US financial watchdog looks set to lodge an appeal against the ruling.
The knock-on effect for crypto and its investors is that this continual tug-of-war creates its own “ripple” of uncertainty in the market with XRP’s value yo-yoing every week, if not day.
So, for those new to investing, these developments could seem like a golden investment opportunity (which they might well be) or cause one to view XRP with caution (which might also be wise!)
At the end of the day, it’s all about making your own mind up and doing what you feel comfortable with. Maybe you’re ready to take calculated risks. Then again, maybe you’re not, in which case you shouldn’t.
Unlocking the Secret Power of Bitcoin ‘Holding’: It’s Simpler Than You Think!
If you are new to crypto and Bitcoin, you may be under the impression that investors are always buying bitcoin one minute, then trading it the next. Buying some more BTC, then selling almost straight away as the market moves up and down.
Well actually – that is not quite true. New figures released show that nearly 30% of all Bitcoins out there haven’t budged in over 5 years! Not only that, 40% has been idle for 3 years, 55% for 2 years, and a whopping 69% for just over a year.
In other words – bitcoin is just sitting there, untouched! There is a term for it – ‘HODling.’
This revelation is deeply significant, because it means there is a rising trust in Bitcoin’s long-term value. Investors are viewing bitcoin as more than a get-rich-quick scheme. Instead, Bitcoin has become a viable, future-proof investment.
So if you have been wondering if bitcoin is all it’s cracked up to be, or erring on the side of caution for a long time, then now could be a good time to take a leap of faith and join the world of Bitcoin long-term investment.
Indeed, just imagine if you had bought BTC ten years ago. You may well be on the Forbes Rich List by now!! The thing is – it could still happen.
That is the beauty of Bitcoin.
The World’s Best-Selling Car in Q1 2023 was Tesla’s Model Y, Signalling an Irreversible Shift in EV Adoption
Is this news a surprise? Well, maybe for some – but for “green-economy” observers and investors, not so.
Because maybe you didn’t know: electric vehicles (EVs) are forecast to dominate automobile market share by 2030. And iwith Volkswagen investing CAD $20 billion in a new lithium-ion battery factory in Canada, it’s a pretty good indicator that forecast may well be fact in seven years’ time.
And consider this – Tesla’s share price was just under $110 eight months ago. It’s now doubled that to $269 (as of writing).
For more on the viability of the green economy and Tesla, check out this week’s Trades of the Week [LINK].