Renegade Mind #7
Escape the Matrix
Welcome to the 7th issue of Renegade Mind.
I hope you all were able to take what you’ve learned from previous newsletters and capitalized on them.
If not, there will be plenty more opportunities to come, you just need to be prepared for them.
Please enjoy!
NFTs Will Change Everything
Let’s take a look at one of my favorite NFT projects called VeeFriends, created by Gary Vaynerchuk. Gary was able to see the benefits of NFT early on.
Here is a quick recap of what he was able to pull off:
1. Creates an NFT project called VeeFriends
2. Sold 10k+ NFTs initially for $20m of profit (the hook was that the NFT gets you access to his conference & surprise drops)
3. Over the past year, the floor NFT price went from ~$2,000 to $45,000 and Gary made an additional $13m in royalties on those sales.
OK so now it’s conference time. He lined up big speakers (Mila Kunis, Kevin Smith, Snoop Dogg etc.)
And then airdropped a conference ticket to all the NFT holders. They can either use it to attend or sell it.
Best part is, because it’s an NFT, he gets a cut of all the secondary sales too. In just 24 hours, the tickets have been resold 275 times and generated another $125k in profit.
That’s a grand total of $33 Million.
Everyone always talks about NFTs as tickets and this is one of the first examples we’ve seen of that actually being the case.
Honduras signals intent to follow El Salvador in making Bitcoin legal tender
Rumors are circulating that Honduras will be the second country in Central America to adopt a Bitcoin Standard. The President of Honduras, Xiomara Castro, had this to say.
“We must not allow El Salvador to be the only country escaping dollar hegemony. Honduras has the right to move towards the First World countries.“
Bitcoin is increasingly seen as an escape from the dollar. History shows that rampant debt and currency devaluation only ends one way.
Recently, cracks in dollar dominance have become further evident. As unpopular as it may sound, we might be witnessing the end of the dollar in real-time as entities look at alternatives.
Florida Governor says the state will accept Bitcoin for tax payments
During a press conference, Governor DeSantis said he had directed state agencies to ready themselves to accept taxes in crypto.
If enough states legalize accepting crypto for taxes and make other moves towards adoption, the possibility of it becoming accepted at a federal level increases dramatically.
Exxon Mobile is mining Bitcoin with excess gas
The fourth-largest oil company in the world is now considering taking its gas-to-bitcoin pilot to four countries.
Exxon has quietly been running a pilot program in North Dakota, converting flared and wasted gas to energy for Bitcoin mining. Apparently it has been successful, as they are considering taking this program to four countries and massively expanding.
This is huge.
They are taking wasted gas and energy and using it to mine Bitcoin.
Israel’s second largest bank to offer Bitcoin and Ethereum trading
Through a partnership with Paxos, Bank Leumi will allow customers to trade and hold Bitcoin and Ethereum and could potentially add more in the future.
The second largest bank in Israel will allow customers to trade and custody Bitcoin and Ethereum. This is being made possible through a partnership with Paxos.
Buckle up, these services are inevitable from most of the world’s banks. The people want crypto.
That’s all for now.
Chonsy B.
Disclaimer: Not financial or tax advice. The content in this newsletter is for informational purposes only. Nothing contained in this e-mail constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to “Buy,” “Sell",” or “Hold,” an investment. I am not a financial advisor. Every investment and trading move involve risk. Please do your own own research when making a decision.