🆕 Precious Metal Investor

Over the last week digital assets have fallen, whereas gold and silver have risen

Author

Richard Patey
April 05, 2024 • Estimated Reading Time: 5 minutes

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Hey there 👋,

Digital assets have not performed well over the last week, whereas gold and especially silver have been on a tear:

Not only has silver flipped Bitcoin again but so has Meta in terms of market cap:

It’s good practice to always have something in your portfolio going down as a hedge, but I’m starting to feel like I need the opposite! At least the $MSTR in my pension has been holding strong:

Cheers!

Richard (@richardpatey)

DAI PICKS

  • Crypto majors Bitcoin, Ethereum and Solana down 2%, 5% and 6% respectively over the last 7 days

  • Crypto VC Paradigm is raising $750M for a new fund, the crypto industry’s largest raise since the last cycle

  • The SEC is asking for public comment for Ethereum ETF proposals by Fidelity, Grayscale, and Bitwise

  • The U.S. Government moves a portion of Silk Road hack funds to Coinbase

  • Ripple to launch USD-backed stablecoin on Ethereum and XRP blockchains

Make your money rise and grind while you sit and chill, with the automated investing and savings app that makes it easy to be invested.

DOMAINS

I had a call today with a subscriber (hi Danny) who was asking how to price domains. The best I could say was go to Namebio and search for comparables, but I’ve just seen this thread on NamePros which is super useful:

strategy - Process to Rate and Price a Domain Name Acquisition - Part 1

Domain name investing is hard. Typically only about 1% of names sell by the end of a full year. Many names will not sell for a very long time, or ever. Naming trends and popular niches may change. Pricing is difficult. If you price too high, the rate of sales may go down, but if you price too...

www.namepros.com/blog/process-to-rate-and-price-a-domain-name-acquisition-part-1.1323817

Most domain investors buy at auctions (wholesale) and aim to price up 10x to retail, so don’t feel pressured by brokers if you get a lead:

MEDIA

In this week’s Acquire The Web, Aurelie posted 18 new digital media asset listings across the major marketplaces:

🆕 Digital Media Listings(April 01): 18 New listing

18 media listings across the major marketplaces plus one recent media acquisition.

acquire.beehiiv.com/p/dealflow-04-01-2024

As well as newsletter acquisition news:

CRYPTO

This is typically the part of the cycle where Ethereum starts to outperform Bitcoin, but not this time.

Looking on the monthly chart, ETH vs BTC just broke its previous support from back in June 22, and the next support level is over 40% lower:

The only Ethereum I have this cycle is in a Lil Pudgy and on Blast where I’m farming protocols for points. I’m not holding any spot as that’s what Solana is for:

PURCHASE

Digital Asset Investor Manual is the most comprehensive guide to investing in digital assets. It’s now at over 10K words (no fluff), plus screenshots and videos, all for just $17.

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Disclaimer: Nothing in this email is financial advice and I am not a professional investment adviser. I send weekly updates on digital asset news and what I'm doing personally - consider it informational and for entertainment purposes only. There are likely affiliate/referral links in this issue, please use them :)

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