Market Update - August 30, 2024

First, we had to worry about a conflict between Israel and Iran disrupting trade in the Middle East. Now, we may have to worry that Egypt and Somalia will launch a war against Ethiopia that could disrupt trade through the Suez Canal and along the Horn of Africa.

Also, Justin Sun’s super-shady crypto empire still poses a never-ending threat, we still don’t know whether Tether has the backing it says it has, and governments still hold billions of dollars in Bitcoin.

Yet, we persist!

If you sold crypto—or pretty much anything—because of these concerns, you would miss out on every major upswing. Rather than avoid risk, plan for it.

One way to do that? A diversified financial plan.

I do this with the Empower dashboard and financial planner. You can try their tools for free and maybe get $50 with my referral link.

Mark, tell me about crypto, not personal finance!

Ok. Sorry. Let’s stick to crypto. Today’s update covers these topics:

• Video

• Moving to extremes?

• ETFs with 0 flows, if you can believe that

• Something fishy with HODLers and OGs 🤨

• ISO buyers

• What nobody tells you about altcoins

I strongly advise you to read the summary below and watch the video update! You miss too much when you get only one of them!

The rest of this post is for premium readers only.