Well, this is a big surprise. It appears GameStop, the meme stock, just went live with their NFT website.

It doesn't have much except that they're looking to hire a team. 

What's really intriguing is that there's an Ethereum wallet address (0x13374200c29C757FDCc72F15Da98fb94f286d71e) -- a subtle nod to the gaming crowd: 1337 = leet (as in elite) and 420 = well, weed.

Clever redditors have pointed out that GameStop is looking to launch their own ERC-20 token in July. Click here for a more in-depth analysis.

I recently came across this simple to use, yet highly educational website called Case Bitcoin. It lays the case to invest in Bitcoin and also has plenty of interesting resources, including a comparison to the S&P500 and gold. 

Let me know what you think of the site: https://casebitcoin.com/

Woke up this morning to see that nearly every crypto coin is down around 30-45%. What are you doing to cope with this? I'm just sitting and watching out things unfold. I can't access my Gemini account to make any trades though; wonder if some of the downward pressure is a result of panic selling like a run on the banks. Coinbase Pro seems operational based on their status page.

Elon Must has been on a crusade this weekend to disparage bitcoin. 

First it was about the climate impact (even though his private jet and space rockets use a lot of fossil fuel):

Tesla & Bitcoin pic.twitter.com/YSswJmVZhP

— Elon Musk (@elonmusk) May 12, 2021

To be clear, I strongly believe in crypto, but it can’t drive a massive increase in fossil fuel use, especially coal

— Elon Musk (@elonmusk) May 13, 2021

Then it was about about pumping Doge more and making crazy claims:

Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down.

— Elon Musk (@elonmusk) May 16, 2021

And finally making fun of Michael Saylor:

He should wear outfit for Halloween, but with “Bitcoin” tattooed high on thighs

— Elon Musk (@elonmusk) May 16, 2021

I read an argument that if one man can have such a huge effect on the crypto market (so far down 20% overall), then crypto isn't yet ready for mass adoption; I tend to agree here. The power of crypto is that no one single person or entity can affect it -- either positively or negatively -- and Elon, whether you agree or disagree with him, has shown the crypto market is still very delicate.

As a follow-up to my previous post, here are the results:

Closing day (4/14) reference price: $328.28 -- since it's a direct listing there's no "IPO price"

One week later (4/21): $311.92 (down 5%)

One month later (5/14): $258.37(down 21%)

Boy, was I so wrong!