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Weekly Action Recap

The U.S. economy is printing money. The Ethereum economy is starting to burn it.
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Mar 13, 2021 • 2 min read

Dear Bankless Nation,

Biden officially passed another $1.9T COVID stimulus bill this week.

That’s another $1,400 for millions of Americans and trillions of dollars flooding the global economy. We’re not here to say whether it’s good or it’s bad, only that it’s happening.

The money printer is firing and there’s few signs it’ll stop anytime soon—this is an inevitable part of a late stage fiat debt cycle.

In the same week, EIP 1559 was accepted into London upgrade. Ethereum’s about to receive one of its biggest crypto economic upgrades this summer, translating to better transaction UX, more efficient fee markets, and of course, burning ETH.

Contrast this: the U.S. economy is printing money, the Ethereum economy is burning it. And which of these economies do you think will grow faster this decade?

Where would you rather hold your wealth?

And if all that’s not enough—NFTs made the front page again. Beeple just sold the third most valuable piece by any living artist. Ever.

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Can next week top this week? We’ll see.

Here’s what’s lined up:

  • Podcast with the big brains behind 1confirmation (early access here)
  • William is going to share some tips on how to value NFTs
  • Lucas is covering Ren Protocol on Thursday (voted by Badge holders!)

Let’s get to the recap.

- RSA

Recap for the week of March 8th, 2021

🎙️ WEEKLY PODCAST EPISODE

Listen in Podcast App | iTunes | Spotify | YouTube | RSS Feed

SCHEDULE RECAP

  1. Execute any good market opportunities you saw in Market Monday
  2. Trade synthetic stocks on Ethereum
  3. Explore the Digital Culture Revolution (listen to it here)🔥
  4. Analyze how SUSHI could be worth $100
  5. Share whether or not your looking for a job in crypto

Watch & Listen

  1. 🎙️ Listen to Welcome to Bankless | 2021 Edition 🔥
  2. 📺 Watch SotN #37: Justin 3LAU | The Frontier of NFTs 🔥
  3. 📺 Watch Rollup: Beeple NFT | EIP 1559 | Stimulus Checks | GBTC
  4. 📺 Watch AMA with Devin Finzer | Co-Founder of OpenSea

Weekly Subscriber Perks 🔥

The Bankless subscription & badge gives you access to perks like these:

Not financial or tax 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. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

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