Hi bb. TradFi is to blame for crypto winter ❄️ but what we gon' do about it. A 94% probability of the Feds raising interest rates at the next meeting (again) 👀 Cheres is available for App Store pre-order 🍏, Porsche takes a sweet ride unto the NYSE. Beep beep, money coming thruuu. 🚗

Crypto enthusiasts certify their status as they champion this crypto winter…

In some amazing news, crypto is doing more than just surviving this recession. It's thriving. Hear me out. While Ether, Bitcoin and BNB fell around around 4%, and interest rates are making markets cray cray up here, there's a silver lining. There have been not one, but four crypto winters. In every case, there's only one way but…up. Brian Armstrong, Founder + CEO of Coinbase, breaks down how the biggest players are banking on crypto, making this winter different from the rest. If you've ever felt you've ‘missed out on crypto', you’ll wanna know a thing or two by the Coinbase master himself…

Continue reading below…

We interrupt this broadcast…

Finance re-imagined: Cheres is coming to the App Store 🍏 Pre-order today! The weather is crisp enough for some fresh apple picking. We're thinking Macintosh. Ok, I'll cut to the chase…Cheres is knocking heaven's door for the gates to the App Store to open 😇

What does the Cheres app do?! Cheres welcomes the first “one-stop shop” app for all your investing needs. With so many brokerages, wallets, information, and communities out there, Cheres simplifies the process of building wealth without the jargon across crypto, and stocks. What you get:

The Adapter 🔌 See all your crypto, stocks, and NFTs in one place

The Social Butterfly 🦋 Learn how to better invest others [COMING SOON]

The Switch 🎚 Invest your crypto & stocks [COMING SOON]

What will this early version include?Glad you asked because this early version is for you - CHERES COMMUNITY!

TradFi Journal continued

Crypto enthusiasts certify their status as they champion this crypto winter…

So since crypto first blew up, there's been not one, but four crypto winters. But what makes this one different?

During each bear market, institutions like the Fidelity's of the world, hit the brakes on their investments… but not this time.Institutions have maintained healthy levels of activity and are even continuing to expand. So what new Crypto entrants need to understand to ~not miss the boat~ is that crypto isn't down because it's not valuable. Coinbase's founder clarifies:

"It’s not really crypto-related. Everything is down in the broader financial markets. And so, in fact, the opposite – we’re still seeing a lot of institutions sign up and show interest in crypto, make deposits, do integration… So, for Coinbase Prime, which is our institutional product, we’re seeing a lot of growth still, and I think we’ll see that in the Australian market as well.”

Blame it on TradFi!

If institutions are doing what they do best which is invest hundreds of millions into long-term assets and technologies, and they are investing in crypto, this bear market may be one of the strongest catapults of crypto's history. It also means that it's going to be a long ride of holding.

📝 What does this mean for my investing?Markets went ‘all the way down’ on Thurs, Oct 13 after reports showed inflation in the US hitting a new four-decade high. With 94% probability of another 0.75% interest rate hike at the Fed's meeting, we'll prolly see a lot of scared cats but again - holding on and understanding that we're just at the beginning is not a reason to panic. DeFi is here to stay and becomes more mainstream with each passing day. DYOR and snag some assets on sale before the market pops off again!

Read more here 🧵

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

Pre-order on iOS

Typically known for their sweet sweet rides, Porsche is making a name for itself with their Landmark IPO…

While current market conditions have most companies running scared or delaying their IPOs, Porsche’s success highlights the potential energy that characterizes bear markets and reminds us that millionaires are made in recessions.

The German automaker’s stock price came out on top of its predicted price range at €82.50 and has blown past €84.88 a share. This has placed the company's total value at over 73 billion USD and resulted in 9.4 billion big ones in profit for the company. Get that shmoney honey 📈

In what is being referred to as “some of the most challenging market conditions in years,” Porsche pulled off Europe’s largest IPO in over a decade. Being hailed as “extremely impressive,” it is safe to say Porsche has gained more than a few stans.

📝 What does this mean for my investing?Porsche may just be the GOAT and we should all remember to dream big. The pressure of recessions forges diamonds and you don’t want to miss your chance to glow up. Oh and maybe grab yourself a Chere or two of Porsche 😉

Read more here 🧵

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