The term hold is by far the most overused slang in the crypto world. I mean, what good does it do to hoard a currency?
In any case, if you really want to make an impact and grow the ecosystem you need to spend crypto.
That’s why eToro has chosen to break ground with one of our largest ever marketing partnership deals and pay for it with Bitcoin.
In other news, a new partnership has also formed elsewhere in the world that is certain to boost crypto adoption there.
Today’s Highlights
Traditional Markets
They’re calling it the darkest day for a US President since Watergate and boy is Donald Trump in some hot water right now.
It seems that both his former lawyer and his former campaign manager are in the prosecutor’s line of sight.
Shocking as these events may seem, the markets haven’t been affected much. It seems that investors have grown callous to all the White House drama and anything short of an indictment of the President will probably be seen as business as usual.
Commodities Carried Away
You may have heard of strategies like “dollar cost averaging” and “buy the dip.”
I don’t usually like talking about my own portfolio in these daily market updates but I’m wondering if I may have gone a bit overboard.
The precious metals gold, platinum, silver, and copper keep sliding and every time they do, I add just a bit to my portfolio. Seeing that they’re now all at rather extreme lows, I’ve just checked my overall portfolio and, well… oh boy.
50% of my exposure on commodities might be a bit much. In the drill-down, you can see that most of that is gold.
This is the chart I’ve been watching for gold…
