🧠 Why is Bitcoin pumping?

Seedphrase Daily 👋 We help you survive this crazy place called Web3.

Today's Agenda 📓:

• 🧠 Why is BTC pumping?

• 🧸 GaryVee Hires a Child Army

• 🤩 Another city has made Bitcoin legal tender.

🧠 Why is BTC pumping?

September is historically the worst month in stocks, dating back to 1950.

And it's especially true this year with the worst month of returns in 20 years.

But after Rektember, there's always Uptober, historically speaking. In the past, BTC has performed well during this month and so far shows good signs with a pump to 20K.

BTC has now broken the $1T market cap, all good signs for a healthy Uptober. But I wouldn't be too sure. Remember guys, we have NEVER seen crypto perform under a recession. Truly, anything is possible.

Equity markets are pumping, SP500 Futures up 1.5%, and NASDAQ futures up 1.9%, and BTC is following suit, so far.

Looking at this graph below, the S&P (red) and Nasdaq (blue) are nearly at "1" indicating very strong correlation between their markets and the BTC market.

The key areas to watch. 👀

20k is where the crypto market cap is tapping $1T, and it is essential to note that it is a critical support level.

While market sentiment might seem slightly more optimistic, experts still believe we are in for another downtrend.

With historical data/facts indicating that BTC has a good October, the crypto markets should have overall positive movement for the month.

Analyst prediction: 🧠

We asked market experts, and they all pretty much said the same thing: Bitcoin will trade sideways for this month, floating around 20k-22k and is only a short-term pump before the FED raises rates again.

TRADING PLAN: SO. For now, if you've been dollar cost averaging with us, it would be an excellent time to take a bit of profit at the 22k resistance. Taking profits should be your priority whenever you can in this economy. And, you'll have more capital to buy back in when prices dip again.

Buy and sell crypto here, or click the image below! 👇

🧸 GaryVee hires an army....of children.

GaryVee studies consumer behavior like a crack addict looking for crack.

He understands human psychology as it relates to business more than 99.99% of experts. He saw the internet as the future in the 90s, back when everyone thought it was DUMB and CRAZY. He understood the power of social media before we ever did.

That's why he's got hundreds of millions of dollars.

Now, he's expanding his VeeFriends collection into something beyond an NFT project.

Um... Toys..? I guess?: 👇

In partnership with with Toys R Us and Macy's, Veefriends plushies will available in every store in the U.S.

Ok... so this uber rich, genius businessman, is selling stuffed animals..? Honestly, a bit anti-climactic.

He must know something we don't.

How it Works: Each VeeFriends character has a unique story and trait, for example: Practical Peacock, Willful Wizard, and Genuine Giraffe. You can learn their storythrough the printed QR code that leads to a 3D animated heartfelt short film and character songs.

So this got us thinking...

The next Webkinz? 🤝

If you didn't have a childhood, we'll catch you up.

Webkinz were collectible toys you got from any goated toy shop. And if you had one, you were one of the coolest kids on the block, especially if you had a ton.

Each Webkinz had a QR code you could scan to enter the Webkinz online world. It was basically the metaverse before the metaverse was a thing.

Essentially, Gary is doing the same business model, but better. 😉

He's establishing a brand identity and exposing a young generation of children to crypto, blockchain, and NFT culture through toys.

He's literally creating a child army of web3 stans.

Children are going to grow up with VeeFriends toys and be accustomed to the idea of "non fungible tokens." They'll be integrated in a metaverse before they learn about the American civil war.

Genius.

This is just the beginning. 😳

As of October 2022, the VeeFriends collection has generated nearly 79,000 ETH (over $240 million) in sales volume via OpenSea. Yet, since launching the first 10,255 VeeFriends, GaryVee had remained adamant that VeeFriends Series 1 is only the beginning.

Conferences and stuffed animals are just the tip of the iceberg. They just started wetting their whistles.

And if you've followed GaryVee for a while, you know this mf go hard.

For the whales! We got a new link-up spot. 🤝

Lugano, Switzerland, is populated by 63,000 people and has become the new hotspot for cryptocurrency, now accepting Bitcoin, Tether and LVGA tokens as legal tender!

The city signed a memorandum of understanding with Tether Operations Limited, launching the so-called "Plan B." According to this plan, Tether has created two funds

1. $106 million, or 100 million Swiss francs, investment pool for crypto startups

2. Around $3 million, or 3 million Swiss francs

In an attempt to encourage the use of crypto for businesses across the city.

What you can get with crypto: 👇

• Your favourite Mcdonald's meals!

• Pay your taxes

• Parking tickets

• Public services

• Tuition fees

• More than 200 shops and businesses in the area to accept crypto payments.

This is a video of someone buying Mcdonald's with Bitcoin!

😳 Meme of the Day

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research