Billions to enter crypto


July 2, 2018
I have never met a man so ignorant that I couldn't learn something from him.
-Galileo Galilei

CoinSheet #209

COIN BULLETIN

Coinbase Custody is Officially Open For Business

You were waiting for bullish news, so here you go.

Rumors have it that around $20 billion in potential crypto investments have been sitting on the sidelines, waiting to be on-boarded. And now they should be?

Now at this point we're going to get even more unscientific. (You know me)

JP Morgan estimated in Nov 2017 only $6bn of fiat entered crypto through ETH and BTC on-ramps to support a total market cap of $300bn. (Go follow Kunyi on Twitter below)
Okay so let's do the math...

We got $6 billion translating to a $300 billion market cap.

So $20 billion equals too....
Moon.

What else is going on...

  1. Facebook to allow some crypto ads
  2. Block.one’s Participation as Voting EOS Community Member
THINGS I LIKE

Zcash & the founder incentive trilemma

Arjun Balaji writes about Zcash.
 
You can read his full article here.
MARKET SENTIMENT

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Technicals

Bitcoin

This might actually be a real breakout from this channel.
Support/Resistance Levels
ANNOUNCEMENTS
I was travelling last week. Back now.


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