Are You Money Conscious or Poverty Conscious?

^{GM. This is Dada’s Newsletter. The weekly Sunday motivational newsletter that serves insights on investing (crypto & Africa), creator economy, and business (getting rich).} 

Are you money conscious or Poverty Conscious?

To get results, you must apply all of the rules until they become a fixed habit with you. In no other way can you develop the necessary money consciousness.

Just as money is attracted to those who have deliberately set their mind on it. Poverty is attracted to those whose mind is open to it.

Although money consciousness must be developed intentionally. Poverty consciousness develops without conscious application of habits favorable to it.

Poverty consciousness will seize the mind that is not occupied with money consciousness.

If you understand the point of the preceding paragraph you will understand the importance of persistence in the accumulation of a fortune.

Without persistence you will be defeated even before you start. With persistence you will win.

Crypto Tip of the day:

3 monumental headwinds for this next bull market after the bitcoin halving:

1. ETFs from Blackrock and other trillion and multi-billion dollar asset managers. Side note: It’s funny how a lot of these firms said they wouldn’t touch crypto with a 10-foot pole a few years ago. If bitcoin is anything like gold this is what we can expect in terms of growth compared to when the Gold ETF was dropped.

   

2. Bitcoin Halving

   ▪ In 2012, BTC rose 365% leading up to the halving, and +8,000% in the year following it. 

   ▪ In 2016, BTC rose 142% leading up to the halving, and +284% in the year following it.

   ▪ In 2020, BTC rose 17% leading up to the halving, and +559% in the year following it.

3. Crypto fundamentals are still strong: While prices have decreased, the overall value of crypto has increased. So although value and valuation are related, they aren’t the same thing. “Valuation oscillates up and down around value” - Dharmesh Shah

Jay-Z quote of the day: “Anyone can go far with an opportunity”

Here’s the link to share this fire newsletter to a friend who is money conscious: http://dadas-newsletter.beehiiv.com