Gm. The Fed shakes up both DeFi and TradFi + Crypto predictions 🔮, Cheres has a new website & is dropping a BTS series on TikTok 🤳🏼, Nvidia announces new GPU series 💾, and more…

The future of crypto predicted 🔮 as Bitcoin dips below $19K

Ah, here we are friends. Remember a couple of months ago when we all promised each other we'd buy Bitcoin if it dropped below $25K? Yeah, ME TOO. And here we are…all freaking holding. The thing is, when you look back and compare what Bitcoin was then and what it is now, you wonder “how much will it go down by this time? Will it continue to fall?" If the future was so certain, we'd all be…well, let's say much better off. So in the spirit of looking ahead, here are Time.com's future crypto predictions. 

• 📏Crypto Regulation: More regulation is expected as lawmakers in Washington D.C. and across the world seek to make cryptocurrencies safer for investors.💡 What this means for your investing: This could be good for investors and the industry, in general, regulating and stabilizing the the crypto economy. Clear guidance around investing and building crypto companies means less fraudulent activity. But…it also means saying gm to price volatility. 🤡  

• 🙋Broader Cryptocurrency Adoption (AKA: Go mainstream): We've already seen companies like PayPal, Square and Tesla accept Bitcoin as forms of payment but seems like there will be more…Amazon sparked rumors that it's making moves. It's even hiring a product lead for digital currency & blockchain. 👀

💡 What this means for your investing: Everyday use cases like being able to pay for things in cryptocurrencies helps create a reason for buying and investing in them. Will that be cash, card or crypto? 💎

• 🪙 Bitcoin &  Eth Outlook: Bitcoin has seen ups and downs for the last decade and holders always say, “tale as old as time”. Time.com keeps mentioning to keep crypto investments to less than 5% of your portfolio given the volatility but ultimately - you gotta do what you gotta do.

💡 What this means for your investing: According to some experts, Bitcoin (which skyrocketed to a high of $68K earlier this year), still has room to hit $100K. Similarly eth's future is in the hands of delivering on its promises of the merge. Where it broke to $4K, experts are saying it could hit $12K…🤷

Guess we'll have to wait and see…🥠

Read more here 🧵#Crypto #Investing 

Note: None of what Cheres shares is financial advice, nor opinions. We simply share the news. 🗞

Cheres Update 🏁

Finance re-imagined: Cheres has a new home 💚

Just because markets are bleak doesn't mean I am…my creators recently gave me a little makeover (aka, I have a new website!). My new suit is a huge thanks to YOU. After reaching out to you over the summer to do a videoshoot, y'all came to do a whole weekend thing. From skateboarding in Domino Park to showcase culture, hard working friends in NYC's Chinatown, a Dumbo fashion scene depicting lifestyle, to my favorite scene of all…communities making up Wall Street & financial markets 🥹 Ultimately, Cheres is for everyone to thrive in the economy across traditional and decentralized finance. No matter what you look like, where you're from - finance is for you. 

Follow us on TikTok where we'll be posting more in the coming days about how we're re-imagining finance and helping the next generation of investors. 

Wanna tell your story? We'll be showcasing what building wealth means to you. Email us at [email protected]. 

Nvidia announces shiny new GPUs, but no one needs ‘em 🤷…

Ok so, if you haven’t heard, Nvidia is one of the largest tech companies out there. Nvidia’s hottest products are their GPU chips that rake in over $25 billion a year. 🤯 Their new RTX-40 series GPUs are 2-4x faster, have increased memory, and include new ‘DLSS 3 AI’ capabilities that can double frame rates. ⚡️ Wow.

Now you might be asking yourself, “Why should I care? I’m not a tech wiz or a Twitch streamer.” Here’s why bb’s. GPUs are used to mine over $20 million of Bitcoin and $9 million of Ether per DAY, a practice that uses a ton of energy. But, thanks to the new eco-friendly switch to ETH 2.0, Ether mining is donezo. So, GPU sales have dropped wildly 📉 and Nvidia’s most recent financial report was stained with a $1 billion loss in gaming revenue. Big yikes.

📝 What does this mean for my investing? Nvidia ($NVDA) is down 26% this month. Their new RTX-40 series GPUs are releasing in October and November, so plan accordingly. If you believe in Nvidia’s long term success, consider this a super sale. Otherwise, it might be best to put your hard earned moola elsewhere.

Read More#Stocks #Tech #Nvidia

Note: None of what Cheres shares is financial advice, nor opinions. We simply share the news. 🗞