Crypto's Stimulus Wave | Weekly Recap

Your action recap for the week of March 12th, 2021

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Dear Bankless Nation,

Are you feeling stimulated?

The U.S. government approved the $1.9 trillion COVID stimulus bill a few weeks ago and now this money is flowing into the hands of the people. Another $1,400 for millions of Americans.

The last time we saw this happen, there was a massive inflow of capital into crypto exchanges. And that might hold true this time around as a recent headline from MarketWatch estimated another $40B will flow into crypto following this stimulus.

The crazy part? It’s rumored that this is only part 1 of 2.

This is just the rescue phase. The Biden Administration may follow this up with a recovery phase estimated to be upwards of another $3T.

Position yourself—a tsunami of new money is flooding into the economy.

So where are you going to put your extra money?

You can buy stocks or bonds and continue playing their rigged game.

Or you can buy a piece of this new digital economy.

Buy the past or buy the future.

Easy choice.

Next week is Ultra Sound Money week!

  • Our highly anticipated podcast on ETH as Ultra Sound Money (early access here)

  • David’s followup explainer on the sound money case for ETH

  • We’re going to show you all of the best yields on USD

Another week of level ups.

Let’s get to it.


P.S. ETH is Ultra Sound Money…pass it on.

🙏 Sponsor: Aave—earn high yields on deposits & borrow at the best possible rate! 

Recap for the 3rd week of March 2021.


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  1. Execute any good market opportunities you saw in Market Monday 🔥

  2. Learn how to value NFTs

  3. Read about The Good, The Bad, and The Ugly of Binance Smart Chain

  4. Analyze Ren’s Trillion Dollar Opportunity 🔥

  5. Show off your favorite NFT!

Watch & Listen

  1. 🎙️ Listen to Authenticity in Crypto | 1confirmation

  2. 🎙️ Listen to our AMA with Devin Finzer, Founder of OpenSea

  3. 📺 Watch SotN #38: The State of NFTs | Andrew Steinwold

  4. 📺 Watch ROLLUP: Elon Musk NFT | Stimulus Checks | Canada ETF

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📺 Episode 38 of State of the Nation

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Aave is a decentralised, open source and non-custodial liquidity protocol enabling users to earn interest on deposits and borrow assets. Aave Protocol is unique in that it tokenizes deposits as aTokens, which accrue interest in real time. It also pioneered Flash Loans and Credit Delegation as innovative DeFi building blocks. The Aave Protocol V2 makes the DeFi experience more seamless with features that allow you to swap your assets for the best yields on the market, and more. Check it out here.

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BTC is money for the institutions. ETH is money for the people.

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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.