Grayscale goes DeFi and Apes hit the afterburners

Monday. Quick take time and the market is red. Despite Paul Tudor Jones advocating for keeping 5% of his holdings in Bitcoin last week. The death cross meme is in full effect and we have China fud. Again. As oh guess what, China is cracking down on Bitcoin mining. It’s usually around this point in a bull market that the sage influencers out there dust off their rational anoraks and preach caution. Most NFTs will be worthless, most coins are useless, most retail traders are suckers. Etc. etc. And we will all count them wise and wish we had listened except… except.

Links
https://www.ft.com/content/7526f514-9f36-4dbb-94ee-beb061f5cc52
https://twitter.com/SquawkCNBC/status/1404424423277486084?s=20
https://www.reuters.com/business/agbank-falls-step-with-chinas-cryptocurrency-crackdown-2021-06-21/
https://twitter.com/Grayscale/status/1405616083105718273

Follow The Defiant
https://newsletter.thedefiant.io/
https://twitter.com/defiantnews
https://thedefiant.io/
https://t.me/DefiantNews
https://t.me/DefiantChat

#TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain