Banks Are Cooked 🍳
Get in, we're going crypto shopping! 🛒
Note: Please read our disclaimer at the bottom of the article.
#StrongHands 🙌 #BOP 🚀 Nation Update ️️️️️️️️️️️️️️️️️️️❤️️
Hi, I’m Paul Mampilly.
Welcome to my company's Substack, where we provide daily coverage of #OGI (opportunity, growth, and innovation) market trends, macro level analysis, and stock picks.
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Dean: I Wouldn't Be Sidelined Here 👀
The recent performance of Bitcoin USD (BTC-USD) reminds me of a quote from Paul Mampilly, our lead analyst, that’s always in the back of my mind.
He said: “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”
I can tell you that, about a week or so ago, the crypto market was firmly rooted in the pessimism aspect of this quote.
Who can blame investors, considering the volatility that BTC has experienced this year?
Now, as BTC approaches $65K, it seems that we’re arriving at the skepticism part of the crypto bull market.
But if BTC continues to rally (likely, in our opinion), one altcoin in particular has a pretty good chance of being bid up . . .
Making New Highs 📈
On the recent BTC pump, from as low as $49K to as high as $64K, this token rocketed.
Considering the problems the legacy finance system faces, it’s no surprise it’s seeing bids:
In the last month, AAVE USD (AAVE-USD) is up 22%! But in the last year, it’s up 168%!
That’s likely because AAVE is a decentralized finance (DeFi) protocol that facilitates the lending and borrowing of cryptocurrencies without the need for intermediaries, like banks.
Adoption of DeFi is set to grow, especially among younger generations who prefer a modern, mobile-first approach to banking:
That said, it will take time for DeFi to grow — although, in our opinion, it will eventually rival traditional banking.
Here’s why . . .
DeFi-nitely the Future 🤖
Unlike most banks, AAVE’s platform is globally accessible without burdensome background checks, credit checks, or the hassle of visiting a branch.
It operates 24/7, meaning users can lend money or get a loan within seconds at any point in the day via its platform.
Banks simply can’t offer this convenience.
Even for a long-time bank member, it would likely take at least a day to process a request for a loan and even longer for a decision.
Meanwhile, fees associated with DeFi are much cheaper than traditional banks as well because they remove intermediaries.
They don’t have a workforce of hundreds of thousands because transactions are facilitated by smart contracts.
Perhaps the best aspect of DeFi is that it’s transparent.
Every transaction facilitated on a DeFi protocol’s platform can be traced via the blockchain.
We know for certain that’s not the case with traditional banks, which often over-leverage themselves to the detriment of customers.
That’s why banks require notice to withdraw large sums (typically $10K or higher) of your money . . .
Whereas millions of dollars could be withdrawn from any DeFi protocol in seconds.
We’re Still Early 🤝
DeFi is still in its infancy:
Which is why we’ll continue to hold AAVE in our Gold Tier model portfolio until this crypto cycle peaks.
Currently, we hold it at a gain of 63% . . . but feel confident that we’ll close it for a triple-digit gain!
For access to crypto trades like this as soon as we see them — including trade alerts and portfolio access — consider subscribing by clicking here!
Did You Catch This? 👀
Yesterday, Paul went live on our YouTube channel to discuss Dogecoin USD (DOGE-USD). 🐕
We believe big things are coming for this memecoin . . .
For all the details, watch the video below! 👇
And if you don’t already, be sure to subscribe to our YouTube channel for more content like this! 😎
#GBC100: Wednesday, September 25, 2024
The #GBC100 is down 0.31% today.
Created on September 22, 2022, the #GBC100 is an index/portfolio comprised of opportunity, growth, innovation, and crypto-related investments.
Our goals with the #GBC100 are twofold . . .
First, we want readers to get a sense of what our investments are doing in the market, because they can sometimes perform very differently than traditional indices (like the S&P 500 or Nasdaq 100).
Second, we’d like to eventually turn the #GBC100 into an ETF.
That way, instead of owning hundreds of growth stocks, you can get exposure to ATG Digital thinking — in opportunity, growth, innovation, and crypto — all in one place.
To learn more or to express your support for the launch of an ETF (by completing a poll), click here.
Tomorrow: Dean will discuss a fashion upstart . . . 👗 Stay tuned!
If you enjoy our Substack, you’re in for a real treat . . .
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On Wednesday, September 25, 2024, we hope to connect with you soon. 🤗
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Join us, be #BOP 🚀, be #StrongHands 🙌, #GoATG! ️️❤️️
Disclaimer/Legal Stuff Written in Plain English
What you read/watch/hear is OPINION, not financial/investment advice. Treat it no different than when you read/watch/hear your favorite author/YouTuber/podcaster. Despite our best efforts, we get things wrong and make mistakes. Investing is risky. There is no guarantee you will make money. Your investments may lose value. That’s RISK. Past performance is no guarantee of future results. Employees, contractors, and owners of ATG Digital, LLC own/trade/transact in the stocks, options, and crypto that are the subject of our trade alerts, updates, reports, and commentaries. We cannot give you personalized financial advice because we are NOT financial advisors. It’s on you to decide how much/when/what to buy/sell based on YOUR financial needs, plans, and risk preferences. There are no guarantees. Loss of your capital is an outcome that you should evaluate carefully with a financial advisor before you trade, speculate, or invest. It's your money and your responsibility.
We Hava AAVE 😜
Recently added to my AAVE holding, Defi-nitely a good coin to own!