The New NFT ETF: Here's What It's All About

Let’s get right to it. In the third quarter of 2021, trading volume in NFTs (Non-fungible Tokens) hit a staggering $11 billion. That’s up 704% from the prior quarter and a mind-numbing 38,060% from the year-ago period.

That’s right: NFTs have grown 38,060% compared to 2020. And frankly, these nosebleed numbers took me by surprise.

To add even more bullish power, the first NFT-focused ETF, Defiance Digital Revolution ETF (NFTZ), just hit the streets.

These developments meant it was time to take another look at NFTs and what’s really under the hood of this brand new NFT ETF, the NFTZ.

If you missed my article in October about NFTs, take a look when you can. In the meantime, it won’t hurt to do a quick review of NFTs before we dive headlong into the nuts and bolts behind NFTZ.

What Is An NFT Again?

NFT stands for Non-fungible Token. And to understand what that means, you have to get your head around fungible and non-fungible. Continue reading "The New NFT ETF: Here's What It's All About"

Ethereum 2022 Price Target: $27,884!

After Thanksgiving, I was perusing the crypto space and kept seeing 2022 price targets for Ethereum (ETH) that were frankly all over the place.

I saw everything from $5K, $6K, $7K, even $14K. And with a recent price of about $4,700, I figured that these nosebleed predictions were way too bullish. And that’s coming from someone who has sung Ethereum’s praises time and time again.

I couldn’t have been more wrong. After I did a little analysis, I came up with a 2022 price target for ETH that put even these huge predictions to shame.

The Outlook For Ethereum (ETH) Is Huge

First off, I don’t like price predictions. They don’t really mean much. And in my experience, they aren’t that reliable.

But they’re fun to play around with. So, as we set out on my quest to predict the price of ETH in 2022, take my analysis with a little tongue in cheek.

Now, down to business.

Sometimes a picture is worth a thousand words... Continue reading "Ethereum 2022 Price Target: $27,884!"

What The New Bitcoin Upgrade Means To You

The latest Bitcoin update – called Taproot – has hit the streets. And no matter where you look, just about everyone involved with crypto and Bitcoin is abuzz about what this upgrade means for Bitcoin today and down the road.

So, today we’re going to take a behind-the-scenes look at what Taproot really is and what it means to investors. Then, we’ll kick the tires and see if it stacks up to all the hype.

What Is Taproot?

On November 14, the Bitcoin network activated the Taproot upgrade to Bitcoin’s software deployed around the network. The upgrade officially hit the block at block 709,632 and is the first major update since 2017. The upgrade should increase transaction privacy and efficiency. Continue reading "What The New Bitcoin Upgrade Means To You"

Bank of America's Bombshell Crypto Report!

When I told you about the jaw-dropping news that came out of Deloitte's 2021 Global Blockchain Survey, I didn't think another report from a financial powerhouse would be so earth-shattering.

I was wrong.

In Bank of America's Digital Assets Primer: Only the first inning, there were so many cryptocurrency and blockchain bombshells that they made my head swim.

So today, I'm going to break down four of the most important of them. And I'll tell you why each one is potentially game-changing for each and every one of us.

Bombshell #1: Crypto is “Too Large to Ignore”

The report doesn't pull any punches and opens with this salvo: Continue reading "Bank of America's Bombshell Crypto Report!"

What's Up With Crypto Regulation?

Bitcoin Selloff and Comeback was Regulation Driven

Unless you've been under a rock over the past couple of weeks, you know that Bitcoin (BTC) got hammered recently and then made a heck of a comeback. See for yourself...

Bitcoin Daily Chart - Cryptocurrency Regulation

Source

While volatility and fundamental factors are always at play, the big reason for the selloff was likely the China ban on crypto. Then the big reason for the comeback was likely the reassurance from U.S. regulators that they will not be following China's ban. Continue reading "What's Up With Crypto Regulation?"