Bitcoin Bull Anthony Pompliano Lays Out Crypto Outlook for 2022, Says BTC Could Be Correlated to This Surprising Indicator

Bitcoin bull Anthony Pompliano says higher interest rates in 2022 may have a different impact on BTC’s price than what many analysts initially assumed.

Pompliano, the co-founder of Morgan Creek Digital, tells CNBC in a new interview that BTC could potentially be correlated to a surprising indicator.

“The other thing that I’m watching right now, and I don’t think we have enough data yet, but over the last couple of weeks, I’ve seen a couple of analysts talking about this idea that Bitcoin’s price is actually tracking/correlated to the [U.S.] 10-year Treasury yield.”

Traders track the performance of the 10-year Treasury yield to gauge investor sentiment and appetite for risk.

A rising yield suggests market confidence as investors opt for risk-on assets that generate higher returns. On the other hand, a falling yield indicates market caution as investors flee to Treasury bonds to protect their capital.

Federal Reserve officials have recently indicated they plan to scale back asset purchases and raise interest rates next year in an effort to fight inflation.

Pompliano notes that if the correlation between the 10-year Treasury yield and Bitcoin holds true, such a policy could actually be bullish for Bitcoin.

“So now you would think that most risk assets, as the interest rates get raised, we should see risk assets actually sell off, right? You go all the way back to the ’99 Dot Com Bubble, a lot of people would point to interest rates being a key factor for kind of popping that bubble. But if Bitcoin’s actually going to trade alongside [the 10-Year Treasury Yield] – again we do need more data – if that is true, in some crazy way, raising interest rates could be bullish for Bitcoin.”  

Pompliano does note that some of his past predictions haven’t come true. In 2019, he predicted Bitcoin would hit $100,000 by the end of 2021, based on that being about 18 months after the most recent halving in May of 2020.

Explains the trader,

“One of the things I’m watching though is that 18-month timeframe may be off. We may actually be seeing longer bull markets now rather than those 18-month ones we’ve seen before. Time will tell. Hindsight will be 20/20 on that. But I think that’s one thing to watch.”

[embedded content]


Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix



Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shuttestock/ensiferum/Nikelser Kate/PurpleRender


Tagged : / / / / /

Eminem Buys a Bored Ape NFT for $462,000

The hip hop megastar Marshall Mathers, better known for his stage name – Eminem, has become the latest super celebrity to purchase a Bored Ape NFT.

Bored Ape #9055. Source: Twitter

  • As CryptoPotato reported earlier, NFTs from the Bored Ape Yacht Club (BAYC) collection have seen their floor price increase by 35% while that of other popular collections decreased in turn.
  • Part of the reason for this might be the fact that many super celebrities such as Steph Curry have jumped on board and bought a Bored Ape for their Twitter profile pictures.
  • Now, the latest to join the hype is no other than the hip hop legend and megastar – Eminem.
  • The Oscar winner paid 123,45 ETH for Bored Ape #9055, which the community has already called EminApe.
  • The Twitter user who sold the ape to Eminem, carrying a Twitter handle GeeGazza, thanked the artist:

I’m living in a simulation. Thank you, Eminem, for buying my ape and joining the club. Madness. Let me write a lyric in your next single. – He said.

Featured image courtesy of Vogue


Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

You Might Also Like:


Tagged : / / / / /

Bitcoin Price Analysis: Despite Recent Dip, Some Good News for The Bulls

Options Market Analysis

After bitcoin dipped to $42K on December 4th on Omicron fears, its price could not move higher than $52k over the last month. BTC is now trading at $47k. Short-dated ATM-implied volatility peaked at 94 and is currently sitting at 66.


Calls for a $50K strike price have the highest open interest for 2,3 & January 7th expiries. Lots of calls were sold for these expiries over the last few days. It seems that low demand in the spot market caused option traders not to be optimistic about an increase in price higher than $54K for the expires in the first week of January.


Technical Analysis

On the daily timeframe, bitcoin is completing the pullback to the broken trend line (yellow ones), both price and RSI. But we can not yet say that the correction is over. The price needs to form a higher high and break the blue trend line in the price chart and RSI. This resistance in RSI is the intersection of SM100 and baseline 50, and crossing it indicates bears are kicking out of the market.

Source: TradingView

On the lower timeframe, the price is mostly fluctuating in a rectangle (yellow box). In the short term, a safe spot could be the break of the RSI downtrend and MA21 as it happened on December 21st and led to an 11% increase.

Source: TradingView

On-Chain Analysis

Despite the neutral to negative sentiment of the futures market, the mid-term and long-term indicators in on-chain data are positive. Alongside the continuing hashrate recovery, the weekly-averaged number of active users is growing. This trend confirms that demand is still in the market, and any catalyst could initiate another rally.

Source: TradingView

The above analysis was complied by analysts @greatest_trader,  @N__E__D__A, and  @CryptoVizArt exclusively for CryptoPotato.


Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Tagged : / / / / / / / /

Here’s What To Expect From This $29,000,000,000-Market Cap Altcoin in 2022, According to Ethereum Co-Founder

A pioneer in the world of blockchain is giving his 2022 prognosis for an altcoin which has had a breakout year both in terms of price and project milestones.

In a new blog post, Ethereum co-founder Gavin Wood discusses the future of cross-chain interoperability protocol Polkadot (DOT), which he founded in 2016.

“More than any year yet, 2022 is the beginning of our next chapter in Polkadot’s story. We’ll see the prospect of scaled hyper-connectivity under a single security umbrella which Polkadot provides come to life as more parachain teams win auctions and join the Polkadot party.

With more than 150 chains serving a variety of purposes under development, many of which already with test-nets, there is much to anticipate. We also have the launch of decentralized bridges to look forward to, initially Parity’s bridge which will connect Polkadot to Kusama, and later Snowfork’s which will connect Polkadot to Ethereum.”

Wood says that Polkadot intends to optimize its core code as well as work to lower network costs and reduce latency issues.

“Our goal with this is to allow each one of Polkadot’s parachains to push upwards towards our 1,000 sTPS [standard transactions per second] per-shard target.

Beyond that, the Polkadot team’s efforts will be focused on the parathread feature, allowing teams who do not win an auction to still ensure they have the security guaranteed by Polkadot and get all the benefits of XCMP [cross-chain message passing].”

The price of DOT ran from a January low under $10 to highs above $49 in May and $55 in November but has since corrected considerably. The 10th-ranked crypto asset is currently trading for $27.36.

The Polkadot founder also stresses a commitment to root out scammers from the crypto space.

“In 2021, people from Web3 Foundation and Parity Technologies came together and formed the Anti-Scam team, determined to put a stop to scammers’ free reign and make Polkadot a safe ecosystem for its stakeholders. An additional $130,000 was spent from the Polkadot Treasury and Web3 Foundation for fighting scams.

Over the year, close to a thousand sites and other scams have been taken down overall, with more than 460 scam sites identified by the community. The phishing repository, a comprehensive list of sites and addresses involved in phishing and scams, now includes more than 2,300 entries.

2022 will see the evolution of the Anti-Scam Community Initiative to cover a lot more than scam sites, become community-driven, collaborate with other ecosystem projects and teams, and set the foundations for the first on-chain and decentralized scam fighting campaign.”

Wood concludes by highlighting Polkadot’s successful fundraising initiatives during the past year.

“Our ecosystem also continues to grow rapidly from an investment perspective – we estimate that it comprises around 350 teams now (that’s about an extra 250 on last year’s estimate).

During 2021 alone, about 50 of them together raised over $670m in early-stage funding (seed rounds and Series A).”

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix



Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Sergey Nivens/Andy Chipus


Tagged : / / / / / / /

Touchdown! Goal! Knockout! Crypto and sports collide in 2021

Cryptocurrencies and sport have continued to collide in 2021 with synergies between the two proving to be fruitful on a number of fronts.

The relationship between the sports world and the various applications of cryptocurrencies and blockchain technology has slowly been expanding over the past few years. Humble beginnings of simple sponsorships building early brand awareness for exchanges and payment platforms have snowballed into worldwide recognition and collaboration between the sectors, with 2021 seeing a variety of different use cases come to the fore.

From the basketball courts of the NBA to the soccer fields of Europe, crypto continues to build exposure to new users and markets. In this New Years Special, Cointelegraph highlights the ever-growing relationship between crypto and sport through 2021.

Here comes the NFTs

Nonfungible tokens (NFTs) have become a household word over the past 12 months. The entertainment industry has been at the forefront of this expansion with artists, musicians, celebrities, brands, institutions and content creators diving headfirst into the NFT craze to serve fans and collectors their own unique digital collectibles.

Sports have always been a mainstay of the entertainment industry, serving up unrivaled and unscripted moments that leave an indelible mark on fans around the world.

In the past, one-of-a-kind collectibles and memorabilia gave lucky fans bragging rights over their friends and family. The emergence of NFTs has converted this to a digital domain where fans can acquire, trade and flaunt valuable NFTs on blockchain-powered marketplaces and platforms.

The NBA has blazed the trail in this regard, turning video highlights from season games into NFT collectibles that have generated hundreds of millions of dollars of revenue through the NBA Top Shot platform. The most expensive NBA Top Shot NFT, a legendary card featuring a dunk from Lebron James, sold for a mind-boggling $230,000 back in October 2020. Those numbers are not to be scoffed at. And it only got better in 2021.

The world of American Football has also entered the space at both a player and team level. Tom Brady has written himself into the NFL history books and has become a commanding figure in the business and entertainment world as a bi-product of his success on the field.

He made headlines in April, launching his very own NFT marketplace called Autograph. The platform has onboarded the biggest names in American sports, as well as influential figures from the world of Hollywood’s actors, musicians and other entertainment figures to mint and sell unique digital collectibles.

We’re talking about the likes of golf great Tiger Woods, sprint sensation Usain Bolt, skateboarding icon Tony Hawk, United States gymnast Simone Biles and, of course, Brady himself, all offering their own unique NFTs to collectors around the world.

Brady’s long-time NFL partner in crime Rob Gronkowski set the bar high with his own Championship Series NFT digital trading card auction before the launch of Autograph. The series consisted of four unique “GRONK Career Highlight Refractor Card,” each of which had 87 digital editions on sale, while a fifth stand-alone Career Highlight card was the prize card of the lot.

The auction lasted two days and saw a total of 349 trading cards sold at auction, as well as the one-off Career Highlight card to 95 different owners. The total trading value of the auction was 1,014 Ether (ETH) valued at $1.8 million at the time of the sale. Gronk went on to join Autograph to launch other NFTs.

English boxer Tyson Fury established himself as the best heavyweight in recent times after another crushing defeat of Deontay Wilder in October. Following that success, the burly British boxer launched his own NFT which was auctioned off for $987,000.

In Europe, Sorare has established itself as a notable player in the football NFT and fantasy sports space. The Ethereum-powered marketplace facilitates the minting and trade of NFTs that have been hugely popular among football fans. Users can buy and trade digital player cards that reflect their real-life player’s performances. Collectors can build a five-man team made up of their digital player cards that compete in fantasy leagues.

Socios is the other major player in the world of European football NFTs, digital trading cards and collectibles. The platform allows clubs to issue fan tokens on its proprietary blockchain that allows fans to vote on club decisions like kit changes, access exclusive content and get involved in other community activities. In 2021, Socios has sold $250 million worth of fan tokens since its inception while the market capitalization of the sports fan token space has increased by 60% in the last six months of the year. 

Sports brands are also looking to keep with the times, and the rise of the Metaverse has pushed two of the world’s largest sports brands into the space courtesy of strategic partnerships with industry participants.

Adidas entered the NFT space by minting an NFT that will serve as a digital token that will give Metaverse users access to digital Adidas wearables. The NFT was made up of 30,000 copies, essentially tokens, that were auctioned. Its opening weekend netted more than 11,300 ETH in sales, worth $43 million at the time, as Metaverse users flocked to secure their Adidas swag.

Determined to keep pace with its competitors, Nike followed suit by acquiring RTFKT, one of the biggest NFT collections on Opensea, in order to mint its own Nike wearables and items in the ever-growing Metaverse.

Seen by millions

Marketing and advertising are big business and the world of sport has long been a prime means to reach large audiences to market products, services and offerings. Big brands have done it for decades to a great effect, and cryptocurrency firms and service providers are taking full advantage of it lately.’s branding can be seen on the soccer pitches of Europe’s biggest leagues, inside the massively popular UFC’s octagon and on the circuits of the gripping Formula 1 roadshow. The company has signed sponsorship deals with leagues, teams and organizations in all of these spaces to reach a varied and large viewership.

Cryptocurrency trader and entrepreneur Sam Bankman-Fried and his cryptocurrency derivatives trading platform FTX have also enjoyed a good relationship with American sports this year. FTX acquired the naming rights to the Miami Heat Stadium early in 2021 in a $135 million deal that will last until 2040.

The exchange also secured prime time commercial airtime for the 2022 NFL Super Bowl, one of the biggest sporting events in America, as it looks to attract new users.

Coinbase, America’s largest cryptocurrency exchange, scored a big slam dunk with the NBA after securing a multi-year deal to be the exclusive cryptocurrency platform partner of the league and its various subsidiaries, associated leagues and brands.

Rugby is a massive sport in South Africa and the country’s Springbok national team has a big support base being the reigning World Champions. When the British and Irish Lions toured South Africa, cryptocurrency exchange Luno ran a commercial that featured the Springboks’ director of rugby Rassie Erasmus coached viewers on “how easy it is to tackle Bitcoin,” as the exchange looked to target a large viewer base to begin trading cryptocurrencies on its platform.

This is a prime example of localized and global advertising taking cryptocurrencies to broader audiences, which is only set to introduce more people to a space that hopes to move to mass adoption in the decades to come. 2021 has seen some major groundwork on this front.

Turn that $ into BTC

A number of sports stars have begun blazing a trail for people to begin accepting or allocating a portion of their salaries to receiving or buying cryptocurrencies.

NFL players have made headlines again with contributions from Odell Beckham Jr and Aaron Rodgers, Trevor Lawrence and Saquon Barkley by either receiving or investing in cryptocurrencies.

Related: 7 NFL players who chose crypto over cash salaries

Tom Brady pops up again here after he acquired an equity stake in Bankman-Fried’s FTX that will see him receive payments in cryptocurrency in addition to being a brand ambassador for the firm.

Down under in Australia, baseball club Perth Heat signed a deal with Bitcoin payment processor OpenNode to pay some of its players and staff in BTC. Again, adoption is taking place in decentralized parts of the world.

Weird and wonderful

There have been individual instances where cryptocurrency and the sports world have collided. For a third time, Tom Brady is mentioned and for an equally good reason. In October, Brady became the first NFL quarterback in history to throw 600 touchdown passes. He whipped the ball to teammate Mike Evans who scored the touchdown. The Buccaneers wide receiver threw the ball into the crowd after he’d scored, handing over a priceless piece of memorabilia to a lucky fan.

During the game, an official managed to chat to the fan and Brady went on to offer the lucky onlooker 1 Bitcoin (BTC) to give him back the historic ball. That 1 BTC was worth $62,000 while estimates of the value of the actual ball that completed the milestone were worth anything between $500,000 and a million dollars.

It hasn’t been all good news with a few mishaps taking place through 2021. Manchester City and Barcelona, renowned in their respective leagues, had to cancel deals with smaller cryptocurrency firms for different reasons, which served as a reminder that the space is still nascent and some projects and firms may not deliver on the products and services they are looking to offer.

Spanish football legend Andrés Iniesta was cautioned online by a Spanish regulator for promoting Binance on his Twitter and Instagram profiles. The National Securities Market Commission (CNMV) warned of “significant risks due to being unregulated products” in a Tweet in response hours later.

It’s fairly innocuous but it does suggest that the integration of cryptocurrencies and associated offshoots into the world of sport can sometimes border on the realm of the unknown. Some things work fantastically and gain traction while others don’t enjoy the same success, but the adoption train still carries on going.