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FAQs: Young Platform Clubs

How do the Clubs work? FAQ about the YNG token

Learn all about Young Platform Clubs: exclusive benefits, membership and the role of the YNG token.

Young Platform Clubs are exclusive benefit packages designed for the Young token (YNG) holders, the cryptocurrency native to the Young Platform ecosystem. Access to these Clubs requires you to block a certain amount of YNG: the more tokens you block, the greater the benefits and the higher the level of your Club.

This article provides all the information you need to understand how the Clubs operate, their benefits, and how the required amount of YNG tokens for membership is determined.

Among the main themes we will explore:

  • The Young Token (YNG): Understanding what it is, how it functions, and its primary utilities.
  • Young Platform’s Clubs: Discussing the various levels, benefits, and new features introduced with the rebalancing mechanism.
  • The benefits for members: Highlighting advantages such as fee reductions and partnerships that enhance the ecosystem experience.

Read the article to discover how Young Platform Clubs can help you optimise your portfolio and access various curated opportunities.

The Token Young (YNG)

The Young token (YNG) is the native cryptocurrency of the Young Platform ecosystem. Developed as an ERC-20 token, it is classified as a utility token and complies with MiCA (Market in Crypto Assets) regulations. YNG is designed to provide value and utility to users and serves as the central element of the Platform’s functionality.

With YNG, users can access Young Platform Clubs, which offer packages of benefits based on the amount of tokens they block. The more tokens a user blocks, the greater their benefits and the higher their Club level. Initially introduced in 2018 as a reward for participating in the Young Platform Step educational game, YNG expanded its utility in 2022 when it was listed on the exchange, coinciding with the growth of Young Platform, now recognised as Italy’s leading crypto exchange.

The token offers concrete benefits, such as increased APY on staking, commission discounts, and priority access to initiatives and promotions. The YNG ecosystem will be further enriched in the coming months with new features, such as payment accounts, cards, and advanced trading tools (e.g., margin trading).

YNG’s tokenomics support sustainable growth, facilitated by buybacks and periodic cash injections made possible through a portion of the ecosystem’s revenues. Users must block YNG within the Young Platform app by signing up for one of the Clubs to access these benefits. The benefits offered by the Clubs are continually evolving as new partners and features are introduced, thereby increasing the value for token holders.

In addition to being a digital asset for portfolio diversification, YNG allows users to actively participate in the growth of the Young Platform ecosystem, creating a direct and incentivising connection between the community and the platform.

The information in this paragraph is intended for informational purposes only and should not be considered financial, investment, or other types of advice. Investing in cryptocurrencies, including YNG Token, carries significant risks, such as market volatility and the potential loss of your entire investment. Before making any decisions, conducting your research, carefully evaluating your financial situation, and consulting a specialist advisor if needed is essential. Past performance is not indicative of future results. Young Platform disclaims any liability for losses or damages resulting from using the information provided in this paragraph.

The advantages of the Club Young Platform on functionality

Young Platform’s clubs provide various benefits aimed at enhancing user experiences and maximising the value of cryptocurrency holdings while minimising costs and increasing potential earnings.

One of the primary advantages is the significant discounts on buying and selling fees, which can reach up to 90%. This reduction in trading costs is especially beneficial for active investors. Additionally, members can take advantage of higher Annual Percentage Yields (APYs) on staking. Not only do they earn rewards in the staked currency, but they also receive YNG tokens. The bonus YNG gains can increase by up to 70%, making this a compelling option for those looking to earn passive rewards through staking.

Moreover, members can earn extra rewards through Airdrops, providing bonuses of up to 25% on standard rewards. A complimentary monthly Market Report offers detailed analysis and forecasts for those seeking insights into market trends. VIP Support ensures personalised and priority assistance for members of the most exclusive clubs. 

Traders can also benefit from Smart Trades, which are advanced tools that automate algorithmic trading. They allow up to 10 trades to be executed simultaneously.

On a practical note, the Tax Report helps members manage capital gains realised from cryptocurrency investments, offering discounts of up to 80%. Club members can also make free card deposits, with the number allowed depending on the club level, further reducing operating expenses.

The benefits of Young Platform Clubs with big brands

In addition to direct benefits, the clubs collaborate with major brands to provide exclusive offers. For instance, NordVPN offers up to 78% discounts to protect your online browsing and data. Freename allows you to register customised NFT domains with a credit of up to $220. 

For travel enthusiasts, WeRoad discounts up to €450 on group adventures, while Saily eSIM enables you to use 5GB of data to stay connected while abroad. Culture lovers can enjoy discounted access to museums and attractions through Tiqets, with up to 12% savings. For those who are into fitness, BuiltDifferent offers coupons for workout classes, personalised nutrition plans, and more.

Additionally, HelloFresh can deliver fresh ingredients and ready-made recipes for healthy and delicious meals suitable for your home.

The advantages of the clubs go beyond immediate benefits and continually evolve with the addition of new partners and features, making Young Platform Clubs a versatile and constantly improving resource for all members. 

To compare membership plans and benefits, please visit the Clubs page.

The price of clubs: blocking, not spending

You do not need to spend your YNG tokens to join Young Platform Clubs. Instead, you simply need to buy them and lock them in your wallet for the duration of your membership. This approach allows you to maintain complete control over the value of your assets, as the tokens remain your property and can be unlocked at any time after your minimum 90-day membership period.

Starting February 4, 2025, the number of YNG tokens required to access the Clubs will be dynamically calculated based on the token’s market price. This system ensures a sustainable balance between supply and demand, making your economic commitment proportional to the actual value of the token. If the price of YNG increases, the number of tokens required will decrease, and conversely, if the price decreases, the number of tokens needed will increase accordingly.

With this solution, Young Platform keeps the Clubs accessible and flexible while supporting the growth of its ecosystem.

How the commission discount works

Young Platform automatically applies a club commission discount to users’ buy and sell orders. This benefit is advantageous for active traders who frequently execute trades and long-term investors, such as those using an accumulation plan with recurring automatic purchases. By reducing transaction costs, this discount helps optimise the overall performance of trading strategies.

The discounts are progressive and vary based on your Club level, ranging from 30% to 90% off commissions. If you qualify for a higher discount than your current Club level, the platform will automatically apply the more favourable rate, ensuring you always receive the best possible conditions.

Commissions are also discounted on Young Platform Pro, the advanced trading platform. These discounts apply to a maximum trading volume of EUR 50,000 over the last 30 days; standard commission rates apply beyond this threshold.

With this flexible and automated approach, Young Platform’s Clubs optimise the experience for every type of investor, making the ecosystem more accessible and convenient. The discount level can be checked by visiting the Clubs section on the site.

Upgrading, Downgrading and Unsubscribing from Clubs

Joining a Young Platform Club is a flexible choice that adapts to your needs and does not require a fixed commitment. You can easily upgrade to a higher level, move to a lower-level Club, or unsubscribe altogether, all while retaining complete control over your YNG tokens.

Upgrade

If you want to access the benefits of a higher Club, you can do so at any time by adding the necessary amount of YNG to meet the minimum requirement for the new level. For example, if you are a member of Club Silver with 5,000 YNG blocked and want to upgrade to the Gold level, simply block an additional 5,000 YNG. This grants you immediate access to the new benefits without waiting for the current membership period to expire, which will automatically renew for another 90 days after the upgrade.

Downgrade

The process is straightforward if you prefer to downgrade to a lower level. After you cancel your Club membership at the end of the minimum 90-day period, your YNG tokens will be unlocked and transferred to your Main Wallet. You can use them from there to join another Club or participate in other trading activities. Please note that once you leave a Club, you will lose all associated benefits, such as commission discounts or staking bonuses.

Unsubscribe

Unsubscribing is also designed for flexibility and simplicity. Once you unsubscribe, your YNG tokens will immediately be available for trading or other uses, but you will lose access to Club benefits. For instance, in the case of staking, you will continue earning standard rewards but no longer receive additional bonuses linked to your membership level.

This system combines ease of management with continuity of benefits, ensuring that Young Platform Clubs are ideally suited to your needs and investor profile. Whether you choose to upgrade, downgrade, or unsubscribe, you always have the opportunity to optimise your use of YNG tokens and make the most of the ecosystem.

You can consult the dedicated guides if you have further questions about clubs.

To look at the YNG Clubs and Token, sign up for Young Platform. 

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Automate your crypto growth: introducing recurring purchases for staking

staking recurring

With recurring purchases for staking, you can automate your crypto accumulation journey, simplify asset management, and maximise long-term rewards.

Let’s face it: no one likes sitting idle while the market behaves like a hydra, growing new heads faster than you can keep up. The bull market, seductive yet dangerous like a siren’s song, also offers huge opportunities for those who stay grounded and play smart.

In these times, recurring purchases combined with staking are like the ultimate Goku-Vegeta fusion: you keep accumulating crypto while reducing risk through dollar-cost averaging and earning rewards on what you already hold. And those extra staking rewards? That’s the cherry on top. You can sell them when the market peaks or keep them because you believe in the project more than in your trading instincts.

Then there’s the bear market – the stuff of nightmares for many. It’s a dull, slow, and almost soporific time when most people give up. But that’s when the best opportunities arise. Lower prices, better deals – if you have the patience. While the market drags along, staking works quietly in the background, creating a solid foundation of tokens that will give you an edge when the market roars back to life.

Quick refresher: market cycles

For anyone new here, let’s cover the basics: markets are cyclical and move through four main phases – accumulation, uptrend, distribution, and downtrend. Simple, right?

The accumulation phase comes after the downtrend once prices stabilise. But it may feel counterintuitive to keep accumulating when the market is already rising. However, that’s exactly when a well-thought-out strategy like recurring purchases comes into play.

During an uptrend, many investors succumb to FOMO (fear of missing out), buying impulsively at market peaks. By sticking to a disciplined recurring purchase plan, you’re effectively smoothing out the highs and lows, ending up with a reasonable average price over time.

Staking in the accumulation phase

Once the market has bottomed out and prices are stable, recurring purchases combined with staking become your best allies. This strategy helps you build strong foundations for the market’s next phases, turning time into your greatest asset.

Recurring altcoin purchases in a bull market

Here’s something that often gets overlooked: if Bitcoin is the undisputed king and Ethereum the black panther of the crypto jungle, altcoins are more elusive prey.

During a bear market, altcoins tend to stay in the shadows. Why? Because it’s hard to tell which ones will survive – unless they’ve already proven themselves resilient during previous downturns.

The altcoin market is a mixed bag. Some projects are rock-solid, built for long-term success, while others are just seasonal cryptos – fleeting stars that shine brightly during bull runs but fade when the market cools.

This is why, in a bull market, it’s critical to distinguish between altcoins with real potential and those merely riding the hype wave. Long-term success comes down to quality.

Here’s the key takeaway: historical solid altcoins often move in sync with Ethereum during uptrends, making them easier to spot. Recurring purchases give you an edge by allowing you to accumulate these promising assets without relying on risky, short-term trades. When combined with staking (available for select altcoins), this strategy lets you maximise rewards while the market is on the rise. Just be sure to plan your exit strategy before the market peaks.

How does it work?

It’s easier than you think.

  1. Choose your preferred frequency – daily, weekly, or monthly.
  2. Set the amount you want to put in staking.

From there, your funds will automatically be converted from euros into cryptocurrency and staked at your chosen frequency. Each operation creates a new stake. Mission accomplished. Simple, right?

Quick note: Remember that the crypto market is volatile, so the number of tokens purchased will vary with each recurring purchase, depending on the asset’s price at the time of execution.

Additional benefits

  • Diversification: Spread your funds across multiple cryptocurrencies to reduce risk and increase your chances of success.
  • Discipline made easy: If you struggle with consistency or get swayed by market emotions, recurring purchases provide a hands-off approach that keeps you on track.

At the end of the day, it all comes down to one simple truth: markets are cyclical, but success is for those who stick it out – whether it’s a frenzied rally or a period of stillness. Stay in the game, plan ahead, and don’t get dazzled by short-term fireworks.

Satoshi would approve.

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Moonshot : l’application dédiée aux meme coins sur Solana

Moonshot : l’application dédiée aux meme coins

Les meme coins sur Solana : Moonshot entre en scène

La folie des meme coins sur Solana ne montre aucun signe d’essoufflement. Depuis décembre 2022, après le lancement de Bonk (BONK), plusieurs cryptomonnaies « nées pour s’amuser » ont explosé en popularité à intervalles réguliers. Parmi elles, citons Dogwifhat (WIF), qui a atteint une capitalisation de 4,3 milliards de dollars et la 36ᵉ position dans le classement mondial, ou encore Popcat (POPCAT), Cat in a Dogs World (MEW) et Peanut the Squirrel (PNUT), toutes issues de l’univers Solana.

Récemment, une nouvelle application pour smartphone a été lancée, renforçant cette tendance. Moonshot, une plateforme simple et intuitive, facilite l’achat et la vente de meme coins sur Solana.

Solana brille grâce aux meme coins

Autrefois dominées par les meme coins sur Ethereum, comme Shiba Inu (SHIB) ou Pepe (PEPE), les tendances se sont nettement déplacées vers Solana. Les faibles frais de transaction, la rapidité des opérations, ainsi que les améliorations techniques qui ont résolu les interruptions de réseau, expliquent ce succès.

Ce phénomène culturel bénéficie également à la blockchain Solana, créé par Anatoly Yakovenko, et à sa cryptomonnaie native. Depuis le début de 2024, SOL a progressé de +174 %, s’approchant de son record historique de 2021, autour de 250 $. Parallèlement, son Total Value Locked (TVL) a atteint 8,4 milliards de dollars, tandis que son volume de transactions a grimpé à 7,4 milliards de dollars.

Découvrir Solana

Moonshot : qu’est-ce que c’est et comment ça fonctionne ?

Passons au cœur du sujet : qu’est-ce que Moonshot, et comment fonctionne cette application ? En réalité, répondre à cette question est simple, car rendre l’achat et la vente de meme coins intuitifs est l’objectif principal de cette plateforme.

Sur Moonshot, vous pouvez acheter des meme coins créés sur Solana de deux manières :

  • En utilisant SOL, la crypto native de Solana.
  • En utilisant votre carte bancaire, votre compte bancaire ou des solutions comme Apple Pay et Google Pay.

Moonshot permet également de déposer des fonds sans effectuer de transaction immédiate, pour attendre le moment opportun. Toutefois, seules les meme coins vérifiées et intégrées à la plateforme peuvent y être échangées.

Un point fort de Moonshot est son approche minimaliste. Pas d’indicateurs techniques complexes ni de graphiques avancés : vous trouverez seulement des informations essentielles comme la capitalisation, le volume ou l’offre en circulation. Cette simplicité a attiré de nombreux débutants, permettant à l’application d’enregistrer plus de 130 000 $ de revenus en une seule journée, et de se hisser dans le top 30 de l’App Store Finance.

Cependant, cette simplicité pourrait ne pas convenir aux utilisateurs avancés. Ces derniers préfèrent souvent des plateformes centralisées plus complètes ou des exchanges décentralisés comme Raydium, qui nécessitent plus d’expertise.

Explorer les meme coins

Les risques liés aux meme coins sur Solana

L’utilisation de Moonshot et, plus largement, le trading de meme coins sur Solana, restent des activités risquées. La plupart de ces crypto-monnaies disparaissent en quelques semaines, voire en quelques jours. Leur succès repose uniquement sur l’attention qu’elles réussissent à attirer.

Investir dans une meme coin nouvellement créée équivaut à parier, car il est impossible de s’appuyer sur des données historiques ou des fondamentaux solides. Ainsi, il est recommandé d’allouer une très petite part de son capital à ce type d’investissement. Plus de 90 % des meme coins créées chaque jour ne survivent pas plus d’un mois, et cette statistique s’applique également aux traders qui tentent d’en tirer profit à long terme.

À l’inverse, investir dans l’infrastructure qui soutient ces meme coins, comme Solana, peut être une stratégie plus sensée. Étant indispensable à l’utilisation de la blockchain, SOL devient de plus en plus rare grâce à son mécanisme de brûlage, ce qui pourrait la rendre déflationnaire à long terme.

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Moonshot: The app dedicated to Meme Coins on Solana

Moonshot: The app dedicated to Meme Coins

What does Moonshot mean?

In the context of technology and finance, a “moonshot” refers to an ambitious, groundbreaking project to achieve monumental success. Originating from the historic Apollo 11 moon landing, the term now symbolises efforts that carry high risk but promise potentially transformative rewards. In crypto, a “moonshot” often describes a cryptocurrency or project expected to rise astronomically in value or popularity.

This meaning perfectly embodies Moonshot, the app fueling the meme coin mania on Solana, offering an intuitive platform for trading these unique digital assets.

The rise of Meme Coins on Solana

Since December 2022, meme coins have dominated the Solana blockchain. The launch of Bonk (BONK) marked a turning point, sparking the creation of other playful yet explosive cryptocurrencies. Notable examples include Dogwifhat (WIF), which achieved a market cap of $4.3 billion and reached 36th in global rankings, and other projects like Popcat (POPCAT), Cat in a Dogs World (MEW), and Peanut the Squirrel (PNUT).

Moonshot, a new app dedicated to meme coins, is further amplifying this trend by making it easier than ever to buy and sell these assets on Solana.

Why Solana?

While meme coins like Shiba Inu (SHIB) and Pepe (PEPE) initially gained popularity on Ethereum, Solana has emerged as the new hub for such tokens. Solana’s edge lies in its low transaction fees, fast processing speeds, and recent network stability improvements. Developers have addressed past issues like network downtime, making Solana more reliable.

This shift has positively impacted both the Solana blockchain, created by Anatoly Yakovenko, and its native cryptocurrency, SOL. Since early 2024, SOL has surged by +174%, nearing its 2021 all-time high of approximately $250. The network’s Total Value Locked (TVL) reached $8.4 billion, while trading volumes surpassed $7.4 billion.

Explore Solana on Young Platform

Moonshot: What is it and how it works?  

Now, let’s focus on Moonshot, the app revolutionising meme coin trading on Solana. The platform was designed with simplicity and accessibility in mind, eliminating unnecessary complexity for users.

How it works:

  • Users can purchase meme coins with SOL, Solana’s native cryptocurrency.
  • Alternatively, they can use credit/debit cards or payment solutions like Apple Pay and Google Pay.
  • For those who prefer to wait for better market conditions, Moonshot allows deposits without immediate transactions.

However, not all meme coins on Solana are available on Moonshot. Only verified tokens that meet platform standards are listed, ensuring a safer trading environment.

Moonshot’s unique features include:

  • Minimalist tools for tracking meme coin performance, such as basic price charts and data like market cap, volume, and circulating supply.
  • A design tailored for newcomers, focusing on simplicity rather than advanced trading metrics.

This approach has made Moonshot a favourite among beginners. The app has already generated over $130,000 in daily revenue and entered the top 30 Finance apps on the App Store.

The challenges for advanced traders

Despite its success, Moonshot’s minimalistic approach may not satisfy experienced traders. These users often prefer:

  1. Centralised exchanges (CEXs) offer extensive due diligence on listed assets.
  2. Decentralised exchanges (DEXs) like Raydium, which provide greater freedom but require more expertise.

Moonshot fills a niche for simplicity, but it’s not designed for advanced trading strategies.

Discover Meme Coins

The Risks of Trading Meme Coins

Trading meme coins, whether on Moonshot or other platforms, carries substantial risk. Most of these tokens have short lifespans, with over 90% failing within weeks or even days. Their success hinges entirely on the hype they generate.

Investing in newly launched meme coins is akin to gambling, as decisions can’t rely on historical data or fundamental analysis. It’s advisable to allocate only a small portion of your capital to such speculative investments.

However, for those looking for a safer bet, investing in Solana’s infrastructure might be a better choice. As the native cryptocurrency of the Solana blockchain, SOL is indispensable for network operations. Additionally, its deflationary mechanism—burning a portion of tokens with every transaction—could increase its scarcity and value over time.

Why Moonshot Matters

Moonshot’s impact on the crypto ecosystem extends beyond its app functionality. It embodies the “moonshot” ethos: pushing boundaries, embracing risks, and striving for massive rewards. While the app simplifies meme coin trading, it also drives broader adoption of Solana, highlighting the blockchain’s potential to redefine the crypto space.

Whether you’re a crypto novice or an enthusiast looking to explore the next big trend, Moonshot offers a glimpse into the playful yet high-stakes world of meme coins—a world where the next moonshot might just be a tap away.

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New benefit Club: discover the world with Tiqets and our exclusive discounts

Club Benefit: Discover the World with Tiqets

Get ready for an unforgettable adventure because we’re about to elevate your cultural experiences to a new level.

Say goodbye to the hassle of choosing between endless options, wasting time at ticket counters, or standing in long lines. And no more worrying about losing money if you change your mind at the last minute—this new perk makes exploring culture simple, quick, and risk-free!

Introducing Tiqets, the platform that lets you discover museums and attractions around the globe with no queues. From aquatic activities in Dubai to distilleries in Dublin, stadiums in London, and day trips in Las Vegas, not to mention the Vatican Museums—there’s something for everyone!

Whether you’re an art lover or an adrenaline junkie, Tiqets lets you book tickets to the world’s top attractions with just a click, avoiding long lines and keeping everything conveniently on your smartphone. And of course, we’ve prepared an exclusive benefit for Club members, but that’s not all!

What is Tiqets?

If you haven’t heard of Tiqets, you’re in for a treat. Tiqets is an online booking platform that opens the doors to the world’s most incredible museums and attractions. From New York to Tokyo, with stops in Rome and Paris, Tiqets connects you to global culture in the easiest, most stress-free way.

  • 100% Flexibility: Change of plans? No problem! With Tiqets, you can cancel reservations up to 24 hours before entry for most attractions.
  • Stress-Free Bookings: No hassle, no lines. Book with ease and get everything straight to your phone.
  • Unique Experiences: From iconic attractions to the world’s best museums, Tiqets offers only the best.

Special Perks for Club Members

Here’s the exciting part: if you’re a member of our Club, you get a special discount on 10 orders. Yes, you read that right—not just 10 tickets, but 10 complete orders! Every time you book for yourself, friends, or family, you’ll enjoy a discount on every ticket in that order.

Here are the details:

  • BRONZE and SILVER Members: 10% discount
  • GOLD and PLATINUM Members: 12% discount

This discount is available without a minimum spend and without discount limits, as it can be combined with other promotions available on the website.

Tiqets for the Community

We’ve created something special for all Young Platform Community members: a 5% discount without order limits. Like with the Clubs, the discount will apply to all tickets in any purchase.
Copy and paste the code YOUTIQ5 at checkout!

Please note: read the next paragraph carefully to apply the discount correctly, and remember that it’s valid until December 31, 2025.

How It Works

  1. Go to Tiqets.
  2. Choose the activity you want, select the number of tickets and the date.
  3. Enter your discount code in the “Have a promo code? Enter it here” field at checkout.
  4. Complete your payment, and you’re ready to go!

Important Notes:

  • The discount applies to the standard retail price and will be applied to the final price shown when booking.
  • The offer is only valid through the Young Platform URL: https://www.tiqets.com/it/?partner=youngplatform
  • The coupon can be used up to 10 times (10 transactions), with no minimum spend or discount limits.
  • The offer can be combined with other promotions on the site.
  • The discount is not valid on Tiqets Packages or Bundles (which include multiple individual products).
  • Coupons are non-transferable and cannot be converted into cash or used on previous purchases.
  • If you need assistance during booking, check the dedicated page: Tiqets Support.

What are you waiting for? Don’t miss out on this unique opportunity to explore the world’s cultural wonders while saving money and avoiding stress. Check out their Instagram for more ideas on how to turn your free time into unforgettable adventures: @Tiqets on Instagram.

Get ready to travel, explore, and have fun like never before!

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The Federal Reserve’s upcoming interest rate decisions: what to expect

meeting-fed-2024-november

September Fed meeting will be crucial for the markets: here’s the outlook for investors.

The Federal Reserve is preparing to discuss interest rates again at the Federal Open Market Committee (FOMC) meeting on 17 and 18 September. Currently, federal funds rates are between 5.25% and 5.50% after a series of hikes to curb inflation. However, experts and markets expect a 25 basis point cut, bringing rates between 5.00% and 5.25%. But what factors are driving this expected decision?

Economic indicators influencing Fed decisions

Decisions on interest rates are always complex: the Federal Reserve has to consider several economic indicators to assess whether it is the right time to raise, lower or maintain rates. Some of the key indicators the Fed looks at include:

  • Inflation (CPI and Core CPI): Inflation is one of the main targets of the Fed’s monetary policy. When prices rise too fast, the Fed tends to raise rates to curb demand and stabilise prices. In August, the consumer price index (CPI) increased by 0.2%, with an annual rate expected at 2.6%, down from 2.9% in July. This drop in inflation brings the economy closer to the Fed’s targets, facilitating the possibility of a rate cut.
  • Labour market: Employment also plays an important role in the Fed’s decisions. There is less pressure to cut rates when the labour market is strong, with low unemployment levels. However, recent reports show a cooling of the labour market. The US added only 142,000 new jobs in August, a number below economists’ expectations, signalling a slowdown.
  • Economic growth: Gross Domestic Product (GDP) is another indicator. If the economy is growing too fast, there could be a risk of inflation, while weak growth could suggest the need for economic stimulus, such as rate cuts. Currently, US economic growth is slowing, making Fed intervention to avoid a recession more likely.

Who is affected by changes in interest rates?

The Fed’s interest rate decisions directly impact many sectors of the economy, and consumers, investors and businesses can feel the effects. Here are some examples:

  • Mortgages and loans: one of the first tangible effects of changes in interest rates concerns mortgages. If the Fed cuts rates, those with variable-rate mortgages might see a decrease in their monthly payments, while new home buyers might get loans with more favourable terms. However, many mortgage rates already reflect market expectations of a Fed rate cut, so a 25 basis point cut may make little difference in short-term mortgages.
  • Investment and financial markets: when the Fed cuts rates, financing costs for companies decrease, making it cheaper to invest and borrow. However, the stock market may react in a mixed way: while rate cuts stimulate some companies, other sectors, such as technology, maybe more cautious. Recently, the Nasdaq fell 2.6%, due to concerns about the economy and the slowdown of the artificial intelligence boom.
  • Savings: an essential aspect for savers concerns Certificates of Deposit (CDs), which offer favourable interest rates. CD yields could also fall if the Fed cuts rates, so the time could be right to lock in advantageous rates before they fall further.

The current economic environment and the upcoming rate cut

The overall picture shows declining inflation and a cooling but still strong labour market. With inflation approaching the 2% target, the Federal Reserve can cut rates without risking an uncontrolled inflation increase. At the same time, slower economic growth and concerns about a possible recession further push for an easing of monetary policy.

The long-term effects of interest rate cuts

Although interest rate cuts immediately affect mortgages, loans and financial markets, the long-term impacts may be more complex. When interest rates are lower, credit becomes more accessible, stimulating consumption and investment. This can boost economic growth in the short term, but if rates stay low for too long, there are some risks to consider:

  • Future inflation risk: if the Fed cuts rates too much or keeps them too low for a prolonged period, the economy could overheat, leading to a new inflation cycle. Even if inflation is under control today, a prolonged stimulus period could fuel renewed price growth, especially if the economy recovers quickly.
  • Debt growth: Low interest rates make debt cheaper for consumers and businesses, possibly encouraging higher debt levels. However, excessive debt may become unsustainable in future crises or a sudden rise in interest rates.
  • Impact on savers: In the long run, low rates penalise savers, who see diminishing returns on their low-risk investments, such as savings accounts and certificates of deposit. This can be a problem for pensioners or those living on savings income. Conversely, this becomes a more favourable scenario for risk-averse investors, prompting them to seek riskier investments for higher returns.
  • Higher bills for public debt: another long-term consequence of low rates is the potential increase in public debt. If the government goes into debt more easily to finance projects, it may accumulate debt that will be difficult to manage, especially if rates rise again.

It was a decisive moment for the economy and politics

The economic issue is one of the most vibrant among American voters, and the debate over the future of interest rates plays a crucial role in the political debate in the presidential election. As the November elections approach, the Federal Reserve’s choices will inevitably become one of the central points of confrontation between the candidates.

Tonight, Tuesday, 10 September, there will be a decisive debate between Donald Trump and Vice-President Kamala Harris, hosted by ABC News. This meeting, which represents the first ‘vis à vis’ between the two candidates, will be decisive in defining their positions on economic issues, one of the hottest topics of the election campaign. Voters will be particularly attentive to how the candidates intend to address the issue of economic growth, jobs and inflation, especially in a context where many Americans face higher debt costs and an uncertain job market.

Donald Trump, on the strength of a platform that has focused on tax cuts and deregulation in the past, might push for an aggressive rate cut to stimulate the economy further. On the other hand, Kamala Harris might emphasise the importance of prudent monetary policy management to avoid the economy’s overheating and uncontrolled debt growth.

Tonight’s debate will be crucial in understanding which economic view may prevail. The Fed’s decisions on interest rates are a key element in the future of US economic policy.

How should investors move in the context of a rate cut?

When the Federal Reserve cuts interest rates, investors must adopt different strategies to adapt to the new economic conditions. In general, lower interest rates mean that the cost of money falls, making it cheaper for companies to borrow and invest but reducing returns on safe investments such as savings accounts and certificates of deposit. Here are some strategies investors can consider:

  • Diversifying the portfolio: With falling interest rates, safe investments such as bonds and savings accounts tend to offer lower returns. This may push investors to seek higher returns in riskier assets such as stocks, cryptocurrencies, or mutual funds. In particular, sectors such as technology or renewable energy could benefit from a low-rate environment, as companies can more easily invest in growth projects.
  • Consider long-term investments: even if rates are low, there may be opportunities to lock in profitable returns over the long term. This can protect capital from yield erosion over time.
  • Evaluate stocks of companies that benefit from low rates: sectors such as real estate and utilities, which typically require large amounts of financing, may benefit from lower rates as the cost of debt decreases. Investors might consider buying shares in these sectors, which could have sustained growth in the new economic environment.
  • Monitor inflation: Although low rates stimulate the economy, investors should be alert to possible signs of future inflation. More conservative investments, such as bonds and fixed-rate government securities, could lose value if inflation picks up. Therefore, investors should keep an eye on future Fed policies to see if there will be a return to higher rates in the medium term.

In summary, a rate-cutting environment offers opportunities but also risks. Investors must be agile and ready to review their strategies, balancing risks and returns in a constantly changing economic landscape. To explore new opportunities, sign up for free on Young Platform.

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The Most Powerful Passport: 2024 Global Rankings

most powerful passport 2024

What does it mean to have the most powerful passport in the world?

In 2024, the title of “most powerful passport” is more than just a badge of honour—it’s a gateway to unparalleled freedom and opportunities. But what exactly makes a passport powerful? In this deep dive, we’ll explore the concept of passport power, the global rankings for 2024, and what it means for citizens who hold these prestigious documents.

What is a “powerful” passport?

Imagine travelling freely, crossing borders without hassle, and exploring new cultures without facing bureaucratic obstacles. This is the privilege of having the “most powerful passport in the world.” A powerful passport allows entry into many countries without a visa or with a visa on arrival, granting its holders tremendous freedom of movement.

Advantages and Privileges

Holding a powerful passport comes with several key benefits:

  • Freedom of movement: Travel to numerous countries without needing a visa.
  • Economic opportunities: Easier access to global markets and the ability to relocate for work.
  • Quality of life: The ability to choose from various destinations for living, studying, or working, enhancing overall quality of life.

How the ranking of the most powerful passports changes

The ranking of the most powerful passports in the world is constantly evolving. Changes can be driven by various factors, including:

  • Geopolitics: Tensions or agreements between countries can influence the number of visa-free destinations.
  • International Agreements: New treaties or partnerships can alter entry conditions for citizens of certain nations.
  • Global Crises: Events like the COVID-19 pandemic have significantly impacted global travel possibilities.

Measuring the most powerful passport in the world

Each year, several organisations publish rankings of the most powerful passports based on the freedom of travel they offer. Among the most influential is the Henley Passport Index, which evaluates passports based on the number of countries their holders can visit without a visa.

This ranking compares 199 passports against 227 possible destinations. A passport’s “score” depends on the number of visa-free countries it grants access to, with data from the International Air Transport Association (IATA).

The most powerful passports in the world: 2024 rankings

  1. The new number one: Singapore

In 2024, Singapore has claimed the top spot, surpassing other countries that usually compete for the number one position. Singaporean citizens can now travel to 195 countries visa-free, setting a new record. This achievement cements Singapore’s position as a global leader, thanks to its strong diplomatic relations and economic stability.

As we will explore further, the freedom of movement for individuals is closely linked to capital mobility and, consequently, to a country’s wealth. It is no surprise, then, that Singapore is one of the world’s most “crypto-friendly” countries. Singapore has been striving to establish a regulatory balance for cryptocurrencies and attract the industry within its borders for some time. If you’re interested in following the crypto market, you might want to consider using this:

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  1. Second Place: Europe and Japan

While Singapore has taken the lead, many European and Asian countries share second place, with visa-free access to 192 destinations. France, Germany, Italy, Japan, and Spain are among these countries, highlighting the importance of stability and diplomatic relations in securing travel freedom.

  1. Third Place: a European and Asia dominance

In third place, we find an unprecedented group of seven countries, each with access to 191 visa-free destinations. These include Austria, Finland, Ireland, Luxembourg, the Netherlands, South Korea, and Sweden, emphasising the continued dominance of Europe and Asia in the global passport rankings.

  1. United Kingdom and United States: former powers in decline

The United Kingdom clings to 4th place, sharing the rank with Belgium, Denmark, New Zealand, Norway, and Switzerland, scoring 190 destinations. Although slightly lower than previous years, it remains a significant position. The United States continues to slide in the rankings, landing in 8th place with access to 186 countries visa-free. Both the UK and the US, which held the top spot in 2014, have seen a decline in their passport power over the past decade, reflecting a gradual loss of political and diplomatic influence.

The world’s weakest passports

At the opposite end of the spectrum, Afghanistan remains at the bottom of the list, ranking 199th as the weakest passport in the world. Over the past six months, the Afghan passport has lost access to another destination, leaving its citizens visa-free entry to only 26 countries—the lowest score ever recorded in the index’s history.

The biggest climbers and fallers in the rankings

United Arab Emirates: A Remarkable Ascent

One of the biggest success stories in 2024 is the United Arab Emirates (UAE), which has entered the Top 10 for the first time. The UAE has added 152 destinations since 2006, achieving a score of 185. This leap from 62nd to 9th place results from a targeted government strategy to make the UAE a global hub for business, tourism, and investment.

China and Ukraine: rapid climbers

China and Ukraine have made significant strides in the rankings over the past decade. Since 2014, China has climbed 24 positions, from 83rd to 59th, and Ukraine has moved from 53rd to 30th. Both countries allow their citizens visa-free travel to 148 countries. This improvement reflects the political and economic changes in these countries.

The most significant loser: Venezuela

Venezuela has seen the most significant drop, falling 17 positions from 25th to 42nd place over the past decade. This decline is due to severe economic and political crises, which have forced over seven million Venezuelans to leave. Yemen, Nigeria, and Syria have also seen significant losses, dropping 15, 13, and 13 positions, respectively, due to conflicts and instability that limit their citizens’ mobility.

The Impact of Travel Freedom on Economic Prosperity

In 2024, freedom to travel has become a crucial indicator of economic prosperity. According to the Henley Global Mobility Report, the ability to travel visa-free or to relocate businesses to favourable cities has become a key factor in wealth and international legacy. Passport rankings also connect with the rankings of the world’s richest and poorest countries.

Fastest-growing cities for millionaires

Among the fastest-growing cities for millionaires, Shenzhen and Hangzhou in China have seen impressive growth, with 140% and 125% increases, respectively. Other rapidly growing cities include Bengaluru in India, Austin and Scottsdale in the United States, Ho Chi Minh City in Vietnam, and Sharjah in the UAE, demonstrating how global mobility and visa-free access have become essential tools for expanding wealth. Also, look at the ranking of the richest men in the world.

Conclusion

In 2024, holding the most powerful passport in the world is synonymous with freedom, opportunity, and prestige. It’s not just a travel document—it’s a symbol of global openness. As the ranking of the most powerful passports continues to evolve, reflecting global dynamics, one thing is certain: having a powerful passport means having the world at your fingertips.

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“Buy the dip”: the siren song or the Oracle of Delphi?

buy the dip

“Buy the dip” is a phrase often heard in the world of investment and trading, and it’s particularly popular among those active in the crypto market. Let’s take yesterday, Monday, 5 July, as an example: a sort of “Black Monday”. Anyone who didn’t feel queasy witnessing a BTC drop of over 18% must have heard the siren’s call. Dear Odysseus, shall we admit it? Buy the dip, Buy the dip, Buy the dip. This melody has echoed in the ears of those accustomed to the market’s slaps or who have nerves of steel.

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The last time we saw such a drop was two years ago. And in every crash, there are two faces: one of catastrophe and one of great opportunity. But, of course, not all dynamics can be under our control. Solid risk management is needed, as well as building diversified strategies over time to avoid being too exposed to the market. No one wants to be caught in a snowstorm in their underwear, even if we feel like superheroes (and no, don’t do it; it’s a mistake).

After all this preamble, the question is: what exactly is “Buy the dip”? Is it always worth following this “mantra“, or is it better sometimes to be more cautious? In this article, we will try to answer these questions, hoping to give you an extra sword and shield for the next battle. Our wish is that you may emerge victorious.

What does “Buy the Dip” mean?

The literal translation of “Buy the dip” is “buy the drop”. This trading practice involves purchasing an asset after its price has decreased, hoping this dip is temporary and the price will rise again soon. The idea is that the drop represents a buying opportunity at a discounted price, waiting for the market to rebound.

Advantages

  • Profit opportunities: Buying during a dip can be very profitable if the market rebounds and prices rise.
  • Average cost reduction: By adding positions during dips, an investor can lower the average purchase cost of an asset, improving the potential return.
  • Access to discounted prices: Buying assets during a dip offers the chance to acquire them at prices that could be considered discounted relative to their long-term value.

Limitations and Risks

Despite the potential advantages, Buy the Dip also presents significant risks:

  • No guarantee of rebound: An asset could continue to fall for various reasons, such as changes in economic fundamentals or company management. For example, a crypto that falls from $100 to $60 might seem a bargain, but if the project’s growth prospects are negative, it could drop even further.
  • Difficulty assessing intrinsic value: It’s often hard to tell if a dip is temporary or a sign of further declines. Buying just because the price has fallen isn’t always a good idea if the reasons for the drop aren’t understood. One must ask: Is the drop due to internal issues or external factors? Is it a temporary situation? Is the project resilient? How long will the price correction last?
  • Averaging down: If an investor already holds the asset and continues to buy during dips, they are adopting an “averaging down” strategy, which can be risky if the asset continues to lose value. This strategy, if not managed correctly, can lead to significant losses.

Risk management

When adopting Buy the Dip, we need a plan B—an escape route—something to avoid a fatal hemorrhage. What is it? Having a risk management plan. For example, setting a loss limit to avoid being trapped in a prolonged losing position. Some traders set an exit price to control losses. Suppose a crypto falls from $100 to $60, and the trader decides to sell if the price reaches $75 to limit losses.

Context

Buy the dip is often used in different contexts and can have varying probabilities of success depending on the situation.

  • During an uptrend: Some traders use this strategy when the market is generally rising. Imagine a crypto increasing in value but experiencing a slight drop at some point. Traders who believe in the strength of this uptrend see this dip as an opportunity to buy at a lower price, expecting the price to rise again soon. It’s like taking advantage of sales during a period of high demand.
  • Without a clear trend: Other traders use Buy the Dip even when there’s no evident uptrend. Here, the bet is that the asset’s current decline will increase. This can happen because they believe in the asset’s fundamentals or the project’s potential behind the crypto. It’s like buying a product at a flea market, hoping its value will increase over time, perhaps due to an improvement, a forthcoming novelty, or because the asset is currently undervalued.

“Buy the Dip” in the crypto market

Buy the Dip is a popular mantra in the crypto market, often promoted by influential traders and investors. However, it is important to remember that the cryptocurrency market is highly volatile, and dips can be significant and prolonged. Nevertheless, this strategy has proven successful when buying the most solid assets in the crypto market, particularly Bitcoin and Ethereum. For this reason, every time these cryptocurrencies drop, the mantra “buy the f****** dip” (BTFD) echoes across social media platforms used by enthusiasts in the sector.

It’s no coincidence that from 4 July, as BTC fell below $60,000 for the second time in four months, posts, tweets, and quotes on “Buy the dip” mushroomed on Reddit, X, 4chan, and Bitcoin Talk.

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Examples of “Buy the Dip”

A well-known example is the 2007-08 financial crisis, where many investors bought shares in companies like Bear Stearns and New Century Mortgage, expecting a recovery that never came. Both companies left the business after losing a significant share of their value. In contrast, those who bought Apple shares after the 2020 crash saw a significant increase in value, making the strategy highly profitable.

The opposite: “Sell the Rally”

The opposite approach to “Buy the Dip” is “Sell the rally”, which involves selling an asset whose price has increased, anticipating an imminent dip. Again, the goal is to maximise profits, but it carries similar risks, such as the possibility of selling too early or too late.

To conclude

“Buy the dip” can be a winning strategy in volatile markets and during long-term uptrends. However, it requires good market knowledge and well-thought-out risk management. It is not a foolproof technique and should not be adopted without a critical assessment of the circumstances and one’s risk profile.

Homework: To avoid being overwhelmed by FOMO, it is useful to remember the opposite mantra. Try repeating: “Time in the market beats timing the market”. This can help you keep a cool head and make more rational decisions.

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Cryptocurrencies Under Pressure: Market Crash, Causes, and Prospects

bitcoin crash 2024

Bitcoin Crash: -18% in 24 hours – Here’s Why

The cryptocurrency market has been shaken by a significant drop in valuations, with Bitcoin and Ether recording impressive losses. This article will explore the reasons behind this sudden decline, the implications for investors, and the market prospects.

Let’s start by taking a closer look at the Bitcoin crash.

The Bitcoin Crash

On Monday, August 5, 2024, Bitcoin’s value dropped by over 18%, reaching around $51,100, a level it hadn’t touched in several months. Even more drastic was Ether’s fall, which lost 23%, bringing its value to around $2,200. This collapse has wiped out Ether’s entire annual performance.

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Behind the Bitcoin Crash: Panic in Traditional Markets

The drop in cryptocurrencies coincided with the dramatic collapse of Asian markets. The Bank of Japan’s decision to raise interest rates to the highest level in 16 years shook the markets. Panic began to spread at the end of the previous week, during the weekend of August 3 and 4, and peaked on the night between August 4 and 5. One indicator of this fear was a significant drop in the Nikkei index, one of Japan’s leading stock indices.

The Nikkei 225 closed with a loss of 12.4%, the worst session since “Black Monday” in 1987. The Topix followed the same fate, dropping by 12.23%.

Carry Trade and the Japanese Yen

One reason for this concern is related to an investment strategy called carry trade, which investors use to exploit low interest rates in Japan. Here’s how it works:

  1. Borrow at low cost: investors borrow money in Japan, where interest rates are meagre (almost zero).
  2. Convert and invest elsewhere: investors convert the borrowed money (in Japanese yen, JPY) into another currency, such as the US dollar (USD).
  3. Buy stocks: with these dollars, they buy stocks of technology companies in the US stock market, like those in the Nasdaq 100 (an index that includes large tech companies).

Effects of the Carry Trade

When many investors engage in this:

  • The yen depreciates: converting large amounts of yen into dollars causes the yen’s value to fall.
  • The Nasdaq rises: purchasing many American stocks causes their value to increase.

Current Problem

The Bank of Japan recently raised interest rates, increasing the yen’s value. When the yen’s value rises, investors who borrowed yen must repay more in other currencies, making carry trade less convenient. In recent days, many investors have abruptly stopped engaging in carry trade.

Result

  • Markets panic: By stopping the carry trade, investors sell the stocks they had bought (like those in the Nasdaq 100), causing their value to fall.
  • Nikkei Index drops: The sale of stocks and general uncertainty cause significant market drops, as seen in the Japanese Nikkei.

In summary, the market panic was caused by the end of an investment strategy (carry trade) that no longer works well due to changes in interest rates in Japan. This led to massive stock sales and significant market declines, affecting American stocks. Let’s now look at the impact in figures.

Impacts on US Markets

The first to suffer from the “panic-sell” were tech companies. Here’s how their valuations plummeted:

  • Apple: -6%
  • Meta: -10%
  • Microsoft: -12%
  • Amazon: -17%
  • Adobe: -18%
  • Nvidia: -20%
  • Broadcom: -23%
  • Tesla: -25%
  • Qualcomm: -30%
  • AMD: -37%

The Nasdaq dropped 3.4% last week, marking the worst three weeks since September 2022. Currently, futures indicate a further decline of the Nasdaq by 5%, with the S&P 500 and the Dow Jones down by 2.6% and 1.12%, respectively. The CBOE volatility index, often called the market fear gauge, rose by 58.7%, reaching its highest level since 2020.

Why Tech Companies?

We can outline three reasons:

  1. Warren Buffett, the famous American investor, has sold half his stake in Apple for $76 billion, causing a significant shake-up in the sector.
  2. Intel, one of the largest semiconductor companies, has announced a major personnel reduction, with the layoff of 15,000 employees.
  3. Many prominent American companies reported disappointing quarterly results, below analysts’ expectations. This caused a significant crash in the tech sector’s stock market. After mass layoffs post-pandemic, tech companies became very popular again due to the excitement for artificial intelligence (AI).

Problems with Artificial Intelligence (AI)

However, AI has not proven as reliable as hoped:

  • Profit doubts: experts and analysts from Goldman Sachs have raised doubts about AI’s ability to generate good profits compared to more traditional projects.
  • High costs: the enormous investments required to develop AI must yield the expected returns.

Market Effects

These issues have led to:

  • Stock sales: investors started selling tech company stocks.
  • Stock decline: even companies that met their targets saw a decrease in their stock value.
  • Disillusionment: there is growing disappointment among investors about AI’s promises.

The combination of disappointing financial results and concerns about AI’s profitability caused a wave of sales in the tech sector, increasing uncertainty in global financial markets.

In similar scenarios, fear has a chain reaction. It leads investors to get rid of higher-risk assets, like cryptocurrencies immediately. Let’s see the consequences of the last domino falling: the crypto market.

The Impact of the Crash In Figures

Total Cryptocurrency Market Capitalization (TCMC)

Since August 2, the cryptocurrency market capitalisation has collapsed by $510 billion in just three days. This collapse involved more investors than in the past, thanks to the approval of spot ETFs on Bitcoin and Ether, which attracted many institutional investors.

Market Crash and Leveraged Long Positions

The sudden crypto market crash wiped out over $600 million in leveraged long positions. According to TradingView data, on August 5, the BTC price dropped to around $49,000 before recovering to $52,900. ETH also experienced a significant drop, falling from $2,695 to $2,118 over the same period.

Impact on Ether Traders

In recent months, there has been a significant increase in open interest in Ether, with traders flocking to gain exposure to the asset ahead of the approval of Ether spot ETFs in the US. However, the sharp drop in cryptocurrencies hit hard, and traders seeking leveraged exposure to Ether, with over $256 million in long positions, liquidated.

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Expert Opinions

Josh Gilbert, a market analyst at eToro, stated that cryptocurrencies are often an indicator of investor sentiment. When investors panic or seek to reduce leverage, cryptocurrencies are often the first asset to suffer the consequences. However, Gilbert shared an optimistic outlook for cryptocurrencies in the coming months, suggesting that investors might see this situation as an opportunity.

The Economic Scenario

To comprehend this swift decline in the Bitcoin crash, it is crucial to broaden the perspective and examine the underlying beliefs rather than solely the reasons for the downfall. Let’s analyse the conducive environment that transformed uncertainty into widespread panic.

Are the United States Entering a Recession?

Recent economic indicators in the US and many analysts suggest the economy will enter a recession early next year. Recession fears negatively impact the markets, and market participants speculate on potential actions by the Federal Reserve.

Unemployment Data Is Not Positive

The monthly report from the US Department of Labor showed a growth of 114,000 jobs in July, well below the forecast of 185,000. The unemployment rate rose from 4.1% to 4.3%, the highest since October 2021. These harmful economic data create a growing sense of alert about a weakening job market and the economy’s susceptibility to recession.

Fed Interest Rates

For a year, the US Federal Reserve has kept the benchmark borrowing costs at a 23-year peak of 5.25%-5.50%. Some analysts fear that this prolonged restrictive monetary policy could push the economy towards a recession. The Sahm Rule recession indicator, which exceeded the 0.50 threshold, has historically signalled the early stages of a recession in the US economy.

While significant data are expected before the September 18 meeting, an acceleration in employment trends in August could strengthen the case for a 50-basis-point cut. However, currently, consensus leans towards a 25-basis-point reduction.

Expert Opinions

Simon White, a Bloomberg rate strategist, notes that the market might be prematurely anticipating a recession that is unlikely to occur before next year at the earliest. He adds that while the Sahm Rule triggers heightened recession concerns, it is often delayed and does not capture many stock downturns, making it neither a necessary nor sufficient condition for a recession.

Brian Jacobsen, chief economist at Annex Wealth Management, expressed concerns, stating that the Fed is on the verge of turning a victory into a loss. According to him, the economic momentum has slowed to the point that a rate cut in September might be insufficient and that a more substantial reduction than the typical quarter-point cut might be necessary to prevent a recession.

Trump’s Support for Bitcoin

Considering Donald Trump’s clear stance on Bitcoin, the upcoming US presidential elections could significantly impact the cryptocurrency market. During the recent Bitcoin Conference in Nashville, Trump compared Bitcoin to the steel industry a hundred years ago, arguing that blockchain has the potential to shape the future of the global economy.

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Democrats Gaining Ground

However, current polls show a recovery for Kamala Harris nationally and in three key electoral college states: Michigan, Wisconsin, and Pennsylvania. Although the margins are skinny and fall within the statistical error, especially in Pennsylvania, some models give the Vice President slightly better odds than Trump for the final victory. Just a few days ago, this scenario seemed highly unlikely.

From Certainty to Prospect

As a result, the situation that had helped push Bitcoin’s value so high has changed. Trump’s re-election now appears much less inevitable than two weeks ago, making a possible shift in cryptocurrency use in the United States only a prospect. This uncertainty adds to financial and international market concerns, with the Middle East teetering due to rising tensions between Israel and Iran. Unfavourable polls for Trump created the perfect scenario for a Bitcoin crash.

Future Prospects

The recent cryptocurrency market crash, especially the Bitcoin crash, has highlighted their vulnerability to macroeconomic events and political decisions. However, it is essential to remember that fundamental factors, such as the approval of ETFs and Bitcoin’s halving, have yet to show their full long-term impact. These events could potentially lead to a recovery and significant growth in the future.

Despite risk signals, it is essential to note that analysts have rarely successfully predicted a recession with accuracy. Economic forecasts are inherently uncertain and often subject to sudden changes. Moreover, during bull markets, the cryptocurrency market tends to decouple from the stock market, potentially offering different opportunities to investors.

In conclusion, while the cryptocurrency market is experiencing a difficult phase, its long-term prospects remain interesting. Investors need to maintain a long-term view and consider the risks and opportunities this dynamic market offers.

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Crypto AI: Grayscale launches its ad-hoc fund

Grayscale has just announced its crypto AI fund. Find out what this innovative financial instrument consists of.

Grayscale has just announced its Decentralised AI Fund LLC. This brand-new investment fund will allow those who purchase it to gain exposure to the most important crypto protocols aiming to establish themselves in the artificial intelligence sector. 

What cryptos does this innovative fund consist of? What is Grayscale’s main goal, and what artificial intelligence problems could blockchain solve? Find out in this article.

Discover Crypto AI

Grayscale’s new crypto AI fund

Practically everyone knows Grayscale, mainly because it is the largest native crypto investment fund, the first to launch financial instruments on Ethereum and Bitcoin. For this reason, the news released in the past few hours is essential, given the ability of the team of this cutting-edge financial player to intercept new trends. 

The main problem with artificial intelligence, at least according to Grayscale, concerns the centralisation of the companies that control it. 

Few and far between are those who can offer products that can reach the masses, mainly due to the enormous amount of data they hold. As a solution to this problem, various decentralised AI protocols have emerged, aiming to make their processes even more innovative and intelligent. In particular, blockchain technology makes it possible to distribute the ownership and governance of AI services, thereby increasing transparency.

The cryptocurrencies that make up

For now, the information at our disposal tells us that The Grayscale Decentralised AI Fund will self-rebalance every quarter and will accommodate the following basket of cryptocurrencies:

Buy NEAR, RNDR and FIL

The team has yet to comment on possible future additions, but other cryptos will likely be added over time. Why did Grayscale choose these? Well, because they represent the three main categories of crypto AI around today:

  • Protocols that are building decentralised artificial intelligence services;
  • Projects that seek to solve the main problems encountered by AI platforms;
  • Infrastructure networks and resources required for technology development. For example, decentralised marketplaces for data storage, or those for exchanging GPU computing power and graphics rendering.


To conclude, we can quote the words of Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale, who was mentioned in the press release through which the announcement was made. “The rise of these disruptive technologies has created exciting opportunities for investors, and we believe our crypto AI fund is a great way to invest in this emerging sector. Blockchain-based AI protocols embody the principles of decentralisation, accessibility and transparency and can potentially mitigate the fundamental risks emerging from the proliferation of this technology.”