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DAOs became more prevalent and influential, my favorite, ConstitutionDAO, where an anon community was able to raise $40M+ in a few days to bid on an original copy of the US constitution. Sadly, they lost to Hedge Fund billionaire Ken Griffin of Citadel, but the feat was remarkable.
El Salvador adopted Bitcoin as a legal tender and now the leader trolls social media by buying the dips.
LATAM countries are exploring bitcoin-backed bonds, will be interesting for the fixed income marketplace.
Anchor Protocol as $6B+ in TVL and still finds ways to offer 20% yield on UST, I would check this out. Better than keeping money in a traditional bank earning less than 1%, especially when inflation is at a 39 year high of 6.8%.
Meme communities remain strong: look at Doge in the first half of the year followed by Shiba in the second half of the year
China banned Bitcoin again…but Bitcoin remains strong. I think people have stopped caring about what China does in relation to digital currencies.
GPU shortage, in part, because mining was very profitable in Q2’21. Main reason is supply shortages and logistical issues of COVID-19.
Elon flip flopped on Bitcoin, seems to like Doge, and who knows what else is in store for 2022. My guess, solar-powered bitcoin mining rigs on Mars…
Jack Dorsey has stepped down from Twitter, rebranded Square to the Block, and is expected to focus on building within the crypto space.
Investment Associate | Ember Fund
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