It's hard to believe there could be an event even bigger than Consensus 2021 but that's exactly the case this week. Bitcoin Miami, the biggest crypto event of the year, starts today and will last through Saturday. Over 20,000 people are expected to be in attendance, so there should be a lot of valuable information coming out over the next few days. In addition to that, DeFi appears to be gaining steam with a feature piece in the Wall Street Journal.
9. The last few weeks have been rough for crypto traders with what has seemed like an endless supply of FUD. But, as Travis points out, Bitcoin has survived years of FUD and continues to grow stronger.
8. In addition to the list above, there has also been speculation that governments may eventually ban bitcoin if it gets too big. Kristin Smith had a great op-ed in the Wall Street Journal explaining why that can't and won't happen.
7. That's not the end of the FUD parade though. Just before the long holiday weekend, Scott Minerd, CIO of Guggenheim Partners, felt the need to "warn" crypto investors that the weekend would be volatile. Only thing was that it wasn't volatile, not at all. In January, Minerd also warned traders that Bitcoin's run was unsustainable. That was wrong as well.
6. Let's move on to what some would call the coin of the year. Many have joked about Dogecoin, but nobody is laughing now after the recent listing on Coinbase Pro. DOGE has also been available for trading on the Cove Markets platform for a few weeks.
5. We've covered Ethereum's surge over the past few months. The fact is that Ethereum's metrics continue to look outstanding and this Twitter thread by Lars does a great job of explaining just how good they are. As a reminder, the ETH/BTC trading pair is now available for trading at Cove Markets.
4. With Ethereum gas fees plummeting, crypto traders all over the world are rejoicing. This is likely due to the current consolidation taking place in the market, which means less network congestion. It could also be due to the some of the scaling solutions that are currently available, such as Polygon (MATIC). As a reminder, MATIC is also now available for trading on our platform.
3. One of the big reasons for Ethereum's recent surge is the continued growth of decentralized finance (DeFi). DeFi has certainly become a buzz word in crypto but probably not a word that many, especially new traders, understand. That may change soon with today's feature article in the Wall Street Journal. AAVE, MATIC, MKR, and UNI are also now available for trading on the Cove Markets platform. Also, keep an eye out for our DeFi index basket coming soon.
2. Wyoming Senator Cynthia Lummis isn't the only politician interested in cryptocurrency. Mayor Francis Suarez of Miami, who has become a thought leader in the space, has admitted that he does own BTC and ETH.
1. Speaking of Miami, Bitcoin 2021, the biggest crypto event of the year has finally begun. With more than 20,000 people expected to attend, there is likely to be a lot of valuable information coming out over the next few days. With a lineup that includes Ron Paul, Senator Lummis, Michael Saylor, Jack Dorsey, and many more, it's hard not to be excited about what may come from this.