Cardano Dan's Newsletter - Issue #124

Natural Progress

Quote of the Day

“The natural progress of things is for liberty to yield and government to gain ground.”

― Thomas Jefferson

It’s not surprising to see the governments of the world trying to take more and more control of people’s lives. It’s the natural progress of things for this to happen.

Just because gravity pulls you in one direction doesn’t mean you should go with the natural course. If you don’t believe something is best or right, you should speak up for what you believe is a better path. The world needs reasoned, loving, and well-spoken people to work against the “natural progress of things” more than ever.

In The News

1. Congress passed and the president signed a Continuing Resolution that will allow government to keep functioning while Democrats continue to fight over their different spending priorities. The Debt Limit looms in mid-October as well.

2. The idea of taxing unrealized gains is circulating again among politicians looking to pay for their spending spree. This is insane. All of the taxes listed below don’t even include Sales Tax, Real Estate Taxes, and I’m sure I’m missing others as well. Pretty soon you’ll pay a tax to relieve yourself in a public restroom.

   Jimmy Song (송재준) @jimmysong

   We already get taxed 4 times for our income: Income Tax Capital Gains Tax Estate Tax Inflation The last one is the worst as it's never-ending. Now they want to add another one?

Cardano Updates

1. Grayscale published a report on Cardano! In my quick skim, I didn’t learn a whole lot (I didn’t expect to). However, it’s great seeing another reputable source educating their investors and followers about the 3rd biggest cryptocurrency project in the world.

   It’s another sign, in my opinion, that a Single Asset Cardano Trust is likely not too far away.

   Grayscale @Grayscale

   Our new Building Blocks report shares insight on #Cardano: "Cardano aims to differentiate itself from other #blockchains by emphasizing a 'get it right the first time' approach." $ADA gryscl.co/3ilTfHE

   

2. According to Cardano’s CCO, Cardano is targeting, and has line of sight, to a billion users by 2025. That’s quite ambitious, but when you’re set on changing the world, you better have some stretch goals.

   Input Output @InputOutputHK

   What will #Cardano look like in 2025? Hear from CCO Jerry Fragiskatos as he presents statistics demonstrating adoption and ecosystem growth, and talks about the commercial department’s pipeline and future goals. Full #Cardano360 keynote: summit.cardano.org

Technical Analysis / Price Discussion

It was a great day for crypto markets in general and it was no different for Cardano ADA.

ADA is operating in a narrowing region of support and resistance. Expect a break in the next few days. You already know which direction my money is on.

See you tomorrow with the weekly update!

This newsletter is for entertainment and educational purposes. I’m not a financial advisor and you should do your own research and consult a financial advisor before investing in cryptocurrencies.