In this episode of Money Never Sleeps Radio with Louis Velazquez, we talk about the Cryptocurrency Meltdown that occurred on May 19th, 2021 and why it matters. We have touched on Bitcoin, China, Ethereum, Coinbase and many other things that are going on right now.
Also touch on the impact of social media on the crypto market and how Elon Musk can affect investors getting in or out of a crypto asset like Dogecoin and Bitcoin.
There are elements of the crypto market that are weighing on the market, from pump and dump deals to social media induced purchases or sales to issuing cryptocurrency that has no use at all but a coin with a nice look and marketing behind it. Investors need to be harder working and understand that Las Vegas is located in Nevada. If you treat the crypto market like a slot machine, the odds are always in the house’s favor.
Find the utility in a digital asset. What is it used for? That should be the big question.
Ethereum is a platform that has a solid foundation for extreme growth and its value is not yet realized, but as the platform grows. It can generate revenue and is not really dependent on exchanges as this is more than just a coin issued. This week I’m going to talk about another digital asset that does the same thing with an evolving ecosystem that offers extreme scalability over time. These are the cryptocurrencies you want to focus on, rather than the hyped ones that once burned out the wind has subsided.
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