Crypto Is Crashing: Market Update
A time sensitive update on my macro outlook for 2022, what I'm betting on and new crypto opportunities
Happy New Year. Unless you’re invested in crypto, which likely means you’re rekt (crypto lingo for destroyed) and perhaps you’re not too happy :/
I wish I had more time to write more frequently, but these curated newsletters are proving to be a challenge. It’s why I recommend you follow me on Twitter for daily updates.
I’m often wrong, but some of my calls lately have been helpful, such as calling for the pullback in December, back when Bitcoin was 50K, and alts were much higher too.
Many are wondering what to do now. I can’t give financial advice, but I do subscribe to Nassim Taleb’s wisdom, ‘if you’re going to panic, panic early.’ Are we still early with a 50% pullback already in Bitcoin, and more in alts? Most people have a small portion of their net worth in crypto, and are much better off allocating an amount they can simply hold through any storm.
On a lighter note, at least I’m diversifying with mobile home parks, which are uncorrelated with the rest of the financial markets.
Global Macro Outlook for 2022
I recently put out a video with a fellow macro investor about my macro outlook for 2022. Please keep in mind that there’s a lot more that I don’t know than what I do now, but I’m doing my best to synthesize what the people smarter than me are saying and making informed bets based on that.
It’s a great overview of what’s happening now, and I encourage you to give it a watch.
If you want the Tweet thread version instead, you can check that out here.
Are you bullish or bearish?
In case you missed it, I put out a video on my Top 7 Cryptos for 2022. I’m still bullish on these, despite the bear market conditions. Keep in mind I may be actively trading these, and there’s no guarantee I’ll be holding for a year. I make real time decisions based on market conditions.
In short, my main focus for 2022 remains play to earn games in the crypto space as I believe this will be the fastest growing niche of crypto.
Here’s an overview of why I love the play to earn space, from a previous newsletter.
New Crypto Keynote
In other news, I got invited to give two talks in February about crypto to newcomers. Here’s the keynote I came up with. I’d love your honest feedback in a comment on my YouTube.
Crypto Job Opportunities
I’ve put out two videos recently about job opportunities in the crypto space. I’m charging nothing for this and am simply hoping to help others move the space forward and find work.
Since I often consult with crypto start ups, play to earn games and NFT projects, this would simply involve me putting you in touch with the relevant teams to get you plugged in.
The most sought after jobs are probably marketing and research. Learn more here:
Second, my vision is to start the world’s greatest crypto merchandise line. I have some experience in this area with my merch from Conscious Poker, but the short of it is, my partner (whose in charge of marketing) and I need someone to run the business.
To learn more and potentially be a partner, watch this short video.
Ending on a positive note, my wife and I celebrated the 11 year anniversary of when we met yesterday, with a vow renewal ceremony.
Finally, do you like this style of newsletter? If so, please let me know by replying to this email. I may consider doing a weekly curated newsletter of what happened in the week, my favorite Tweet threads, most popular videos and new bets I’m making.
Keep calm and HODL.