- Doodhwala
- Posts
- 🌎 Bitcoin Billionaires > Crypto Billionaires?
🌎 Bitcoin Billionaires > Crypto Billionaires?
PLUS: Will The G20 Kill Crypto?
Gm, this is doodhwala the only newsletter that gives you the same feeling of sticking your head out the car window with your tongue out. 🤌
Here’s the agenda for the day:
🚨 Billionaire Crypto Report: How Many Crypto Billionaires Exist?
⏱️ Countdown To G20: How India Will Shape Global Crypto Policy
📈 Cheese and Charts: What Goes Up Must Come Down
🛠️ Resourcewala: No-Code Smart Contract, Say Whaaat?
🍼 Doodhshots: It’s Too Hot In Texas
🚨The Billionaire Crypto Report
Today, we’ve got something cool to share with you all!
No, it's not a tweet or a meme.
It’s a cool crypto report!
And it’s exciting as hell. You’ll be shocked to see some figures (I mean numbers). 🍑
Yes, it will be.
So, here’s the shit stuff:
There are 6 Bitcoin Billionaires, and 22 Crypto Billionaires
And, there are 40,500 Bitcoin millionaires and 88,200 crypto millionaires. 😎
Some big names like – CZ Binance and Brian Armstrong are on that list. 🌟
But here’s a thought:
When you look at the bigger picture with over 20 million millionaires in the world, our crypto group isn't that big.
Only 0.0044%.
Tho we're special! You know why? Cuz crypto millionaires became millionaires doing nothing only crypto. 😉
If you want more cool numbers? Here you go:
> 78 people who have more than $100 million in Bitcoin. 🤑
> 182 people have $100 million spread across different coins.
This one is crazy. Around 50% of the crypto millionaires invested only in Bitcoin, but the very very rich ones, the billionaires, spread their bets across different coins. 🎲
Which countries have the most crypto millionaires? 🌍
U.S.A 🇺🇸
India 🇮🇳 – wait what?!? where are you desi degens hiding this wealth?
China 🇨🇳
Brazil 🇧🇷
Russia 🇷🇺
Henley & Partners, the folks behind this study, think crypto is the best thing to happen in the last 30 years.
[Henley & Partners 🤝 doodhwala]
They compared it to the dot-com bubble from years ago.
Remember when Amazon's stock value went to 💩?! Yeah -93% sorta 💩.
And as always Jim Cramer was bullish before the crash. Goddamn Jim Cramer.
Now it’s time for the top rookie country award.
And it goes to:
Portugal 🇵🇹
Montenegro 🇲🇪
These countries ☝️ are becoming top crypto hubs really fast.
WHAT ABOUT ADOPTION?!
We’ve got that too. These are the countries topping the list for crypto adoption.
Singapore 🇸🇬 (Cuz they cool with crypto taxes)
Switzerland 🇨🇭
UAE 🇦🇪
U.S. 🇺🇸 and U.K. 🇬🇧 are in the top 10 too.
U.S. didn't top here cuz they’ve got 📉 tax regulations. But it topped in terms of crypto infrastructure like crypto ATMs present in the country.
Doodhwala’s Take:
Let's keep hodling, using, and most importantly, laughing (it’ll be taken care of).🥛
Here's to more 0s in our crypto wallets! 🥂
⏱️ Countdown For The G20 Begins
Dear world! 🌍
Are you ready for the biggest unveil of the year so far for crypto?
Well, it's not happened yet. 🤭
But there's a high possibility that it could happen.
Why?
2 reasons—
Indian Prime Minister Narendra Modi.
The G20 summit happening this weekend in Delhi, India.
What is this combination? And why is crypto even in the picture? 🤷♂️
Brace yourself and gulp down that glass of milk—
Coz things are about to go crazy! 👀
☝️ What is the G20 summit?
The G20 summit is an annual meeting of leaders from the world's 20 largest economies to discuss:
▶️ Global economic issues
▶️ Crafting new arenas for mutual cooperation
▶️ Decide once and for all the best category of Doodh 🥛
And this weekend, the G20 summit is taking place in Delhi, India. 🇮🇳
The attendees’ list includes World Leaders from 20+ countries, including—
Big Daddy USA led by Pres. Joe Biden 🇺🇲
Recession Enjoyer UK led by Prim. Rishi Sunak 🇬🇧
Maple Syrup Enthusiast Canada led by Prim. Justin Trudeau 🇨🇦
And a lot more!
Of course, China and Russia dropped out already. They're like those friends who never come with anyone for a vacation. 🤷♂️
✌️ New global cryptocurrency framework?
Maybe we are quoting Andrew Tate when we say — “The matrix is scheming up a new plan to attack the peasants. 🫠”
Well, the whole point of the summit is to discuss the threats and new discoveries in the economy.
And guess what? 🧐
Indian Prime Minister Narendra Modi was calling out for the need for a global cryptocurrency regulation framework.
Man, I don't want to follow new rules anymore. 😮💨
But what are the changes in policies that one can possibly see?
Well first off:
It has been confirmed that there will be active happening with regard to a new global crypto framework. 🌎
Indian Finance Minister Nirmala Sitharaman said that crypto is a “threat as well as an opportunity”
She also added that content-rich papers from the IMF, FSB, and OECD are being evaluated right now to establish and present the new framework.
So, what policies can we expect? 📜
As sophisticated milk deliverers, here’s what we think—
Introduction of CBDCs
Blockchain >> Privatized cryptocurrencies
A Blockchain-based global payment system?
Well, we don’t know. 💀
We just hope no one screws us.🪛
📈 Cheese and Charts: From Emergence To Downfall
The bois are falling down y’all! 📉
TVL, a.k.a, Total Value Locked - represents the total $ value of tokens locked in a chain/ecosystem.
And TVL has declined badly for many ecosystems in August:
Ethereum - Down 9.2%
Polygon - Down 14.6%
Avalanche - Down 17.1%
Arbitrum - Down 17.9%
Optimism - Down 21.2%
Damn! 🤯
That’s down badder than my ex-girlfriend running behind me after I dumped her ass. (She’s a psychopath NGL)
But wait, what do such broad-based TVL declines indicate? 🤔
Well, they mainly mean that $$ → Moving out of the ecosystem.
To where?
▶️ Rug pull? - Nah.
▶️ Other chains? - Possible.
▶️ Are people removing liquidity? - Very Likely.
▶️ Waiting for a Doodh chain to be released? You’re goddamn right.
What do you think of TVL drops? Good sign or a bad sign?
Hit reply and let us know what you think! 👇
Source: Messari
🛠️ Resourcewala: No-Code Smart Contract, Say Whaaat?
Everyone's been talking about smart contracts, testnets, and... coding? 🧐
But not everyone’s a code nerd, right?
Enter: No-Code Smart Contract Development! 🚀
And guess what, it ain’t just theory. We're talking about DEPLOYING it with a single click! 😲
So you’re wondering:
What the heck is this No-Code Smart Contract thing?
Why should I care about deploying on my private testnet? 🤷
One click and BOOM? How does that even work?
LFG! 🔥🔥🔥
🍼 Doodhshots: It’s Too Hot In Texas
🪙 Meta Magic: MetaMask introduces a slick 'cash out' feature, letting users turn crypto coins into cold, hard cash. Easy come, easy go?
🎮 Game-On Blockchain: PUBG developers drop the Cosmos-Based Settlus Blockchain for USDC settlements. Game-changing or just another level?
🌞 Lido's Light: Lido shines bright on Ethereum, but why's it dimming on Solana? Some tech tans better, huh?
🚫 ChatGPT Unsecure: ChatGPT's made smart contracts might just crumble when under attack, warns CertiK. Code-smart, but security-shy?
🔥 Hot & Not: Marathon Digital's BTC production dips a sweaty 9% in August – blame it on the hot Texas sun. Too hot to handle?
📍Web3 Events Nearby
Another weekend coming up, another meetup to attend. 😎
Check out ➡️ meetupswala.xyz for upcoming Web3 events in your city, whether you're looking for:
meetups
hackathons
conferences
or just wanna hang
Meetupswala will have something that's right for you.
Here are the top Web 3 events for this week:
1️⃣ CryptoMondays Bangalore Kickoff - NFTs in the Real World at Zo House
🗓️ Next Monday 📍 Bangalore
⭐️ Register here → https://www.meetupswala.xyz/events/1069
2️⃣ Billion Reasons to Build ~ Vanakkam Kochi
🗓️ This Saturday 📍 Kochi
⭐️ Register here → https://www.meetupswala.xyz/events/1068
3️⃣ BlockTalks
🗓️ This Saturday 📍Delhi
⭐️ Register here → https://www.meetupswala.xyz/events/1067
🤣 Milky Meme Of The Day
One Gm a day keeps the problems away.
Gm fam🥛
— Doodhwala 🥛 (@DoodhwalaDaily)
Sep 6, 2023
How are you liking the doodhwala |
That’s all for today folks! See ya tomorrow!
Yo! Our legal and financial advisors (aka our good ol’ conscience) have asked us to add this boring disclaimer. None of what you read here is financial advice. We aren’t here to get you to buy or sell crypto. We’re only here to tell you what’s up in crypto today and make you laugh. So, if you screwed up on a trade, that’s on you G. Stay safe in the markets.