Weekly Action Recap
The U.S. economy is printing money. The Ethereum economy is starting to burn it.
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Dear Bankless Nation,
Biden officially passed another $1.9T COVID stimulus bill this week.
That’s another $1,400 for millions of Americans and trillions of dollars flooding the global economy. We’re not here to say whether it’s good or it’s bad, only that it’s happening.
The money printer is firing and there’s few signs it’ll stop anytime soon—this is an inevitable part of a late stage fiat debt cycle.
In the same week, EIP 1559 was accepted into London upgrade. Ethereum’s about to receive one of its biggest crypto economic upgrades this summer, translating to better transaction UX, more efficient fee markets, and of course, burning ETH.
Contrast this: the U.S. economy is printing money, the Ethereum economy is burning it. And which of these economies do you think will grow faster this decade?
Where would you rather hold your wealth?
And if all that’s not enough—NFTs made the front page again. Beeple just sold the third most valuable piece by any living artist. Ever.
Can next week top this week? We’ll see.
Here’s what’s lined up:
Podcast with the big brains behind 1confirmation (early access here)
William is going to share some tips on how to value NFTs
Lucas is covering Ren Protocol on Thursday (voted by Badge holders!)
Let’s get to the recap.
- RSA
P.S. Get your ticket to Consensus 2021 before early bird pricing runs out! Extra $20 off with “BANKLESS” code. Reserve now!
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Recap for the week of March 8th, 2021
🎙️ WEEKLY PODCAST EPISODE
Listen in Podcast App | iTunes | Spotify | YouTube | RSS Feed
SCHEDULE RECAP
Execute any good market opportunities you saw in Market Monday
Explore the Digital Culture Revolution (listen to it here)🔥
Analyze how SUSHI could be worth $100
Watch & Listen
🎙️ Listen to Welcome to Bankless | 2021 Edition 🔥
📺 Watch Rollup: Beeple NFT | EIP 1559 | Stimulus Checks | GBTC
Weekly Subscriber Perks 🔥
The Bankless subscription & badge gives you access to perks like these:
Win a free dogepunk! Winner announced today. (badge perk!)
Early Access Authenticity in Crypto | 1Confirmation
Early Access Meet the Nation with Connext Founder, Arjun Bhuptani
Vote on the next round of token coverage (badge perk!)
Launch your own raffle for Bankless Badge holders! Could be a good marketing move…
📺 Watch Episode 37 of State of the Nation
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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.
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