Happy Friday Blockfolians
The lead up to the halving hasn’t seen much mainstream media coverage - in large part due to COVID-19 crisis dominating so much of our attention. But that doesn’t mean people aren’t paying attention.
The Block reported that in Jeffries ‘Greed and Fear’ note, which came out yesterday April 30th, global head of equity strategy Chris Wood recommended buying bitcoin in advance of the halving. Here’s the money quote:
"It also should be a source of diversification in a portfolio, as is gold, precisely because of its truly decentralised nature. It is this feature, combined with the fixed supply, which makes it a hedge against central bank manipulated fiat money."
Listen to the man.
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Highly Relevant Reading
Data suggests that the bitcoin rally is being driven by American buyers
Part of a broader trend? UK crypto startups shift back to equity fundraising
87% drop in XRP sales for Ripple in Q1
The first ever token sale event on Uniswap just happened with UMA
Memes imitate life as a demonstration in Lebanon holds a funeral for fiat.
Morgan Creek’s Mark Yusko with an absolute mic drop moment on the fundamental value of bitcoin
Dancrypted @dancrypted@blockchainchick 'Buy it, buy it every day! Because here's the thing, the daily price of #Bitcoin doesn't matter!' This is so down to the point, kudos to Mr. @MarkYusko https://t.co/NrDGaC9hQI
A Really Big Number We Should Be Paying Attention To
Thats the growth in the value of Tezos XTZ over the month of April - more than double bitcoin’s 37%!
Excuse the self promotion, but when CoinTelegraph tells the world you have millions more impressions than CoinMarketCap, you have to share it.