18th November 2023 > > Pictures not words (mostly).

tl;dr

I have been accused at times (or is that all the time, I get a bit confused) of banging on about my pet likes/hates, which I confess may not be as interesting to others as they are to me. So, today, we have pretty pictures rather than verbiage, some of which are to be taken more seriously than others. I leave it up to you to figure out which ones fall into which category.

Market Snap

Market Wrap

A little bit of a wobble during the last couple of days, but increased volatility should be expected ahead of the approval of a raft of spot BTC ETFs. Both BlackRock and Fidelity have now filed for spot ETH ETFs. The legal argument that the SEC acted in an “arbitrary and capricious manner” when losing the court case against Grayscale was founded in the Judge’s belief that as the SEC had approved a futures ETF, then a spot ETF must follow. That same argument applies to ETH just as much as BTC.

Curious Cryptos’ Commentary – Legend

Curious Cryptos’ Commentary – This is the stuff that gives crypto a bad name

Why are there no adults in the room when you need them most?

Curious Cryptos’ Commentary – Cathie Wood, Ark Invest

Cathie has predicted a crypto market cap of $25 TRILLION by 2030. That’s about 20x what it is today. She does have skin in the game, so there is the possibility she might be talking her own book. But taking that prediction at face value, assuming BTC retains its market share, that equates to over $700k per BTC.

Which begs the question – where do YOU think we are on this curve?

Curious Cryptos’ Commentary – Or is this your kind of graph?