![[Weekly Highlights] 1.6 Billion-Dollar Bet & Market Crash](https://julianhosp.com//uploads/2023/02/Best-of-EN-01-3.png)
There have been quite some headlines this week, and crypto is seeing red. Here is everything you shouldn’t have missed:
Crazy or Smart? $1.6 Billion Short on the Market!
Do you know who Michael Burry is? Yup, that guy who got famous because he bet on the financial crisis in 2008, when everyone was still bullish. Now he made another short…and that immediately with 1.6 billion?
In this video you will learn all the important information and Julian’s opinion about it: https://youtube.com/watch?v=RMDCvCO5dlE
Community Highlights
@Bourbon_Capital is enjoying his ETH Staking rewards this week – no need to save on avocado toast if you’re getting cash flow from Staking! ???? Did you know already that there’s 0 waiting time for ETH Staking on Bake?
Julian’s Question of the Week
Someone is definitely selling off Bitcoin aggressively… BTC is down the most of all the large alts in the last 24h.
- Who?
- Why?
- For how much longer?
Thoughts? Answers?
Let us know in a reply to this email! If you want to know Julian’s thoughts on why the markets fell overall, you can read them here: https://twitter.com/julianhosp/status/1692307309463257511 – it does not explain why it’s specifically Bitcoin though.
In The News
- Coinbase wins approval to offer crypto futures trading in US
- China’s Evergrande files for bankruptcy
- SEC Set to Greenlight Ether-Futures ETFs in Win for Crypto Industry
Quote of the Week
Persistence beats timing. Execution beats luck. Not immediately, but eventually. — Naval
Meme of the Week
Those were the most important updates from this week. And what have you been up to? 🙂
Arber
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