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🐮 6 cash cow tokens

🐮 6 cash cow tokens

PLUS: 10 crypto startups I would build today

Alex M.
September 01, 2023

GM everyone. This is 2036, the crypto newsletter that pays you.

Today is Favorite Friday, where we serve up the resources we most enjoyed this week 🍲.

So if you're looking for content to dig into this weekend, this is your list...

🥢 Our Favorite Resources

What we most enjoyed this week

1/ The 6 cash cows of DeFi

This one is for all you degens out there.

You can be a value investor (like Warren Buffett) and still invest in crypto.

That’s how Arthur Hayes - the undisputed king of crypto trading - does it.

If you like protocols that:

generate a lot of $$
trade at low valuations relative to their earnings

… then this thread is for you.

2/ Understanding crypto in Africa

Who gets paid in local currency? —> 5% of people raised their hands

Who gets paid in crypto? —> 80% of people raised their hands

Who prefers stablecoins over BTC/ETH? —> 95% of people raised their hands

It’s easy to dismiss crypto as magic internet money for speculators and money launderers.

But in countries where local currencies are taking relative to the dollar, crypto - and stablecoins in particular - is booming.

African currencies against the USD

Stablecoins represent the single most important innovation for Africans.

And they’re just getting started.

Read the full story here.

3/ 10 crypto startups I would build today

Brian Armstrong is the founder and CEO of Coinbase.

To spur innovation in the crypto community, Brian put out 10 ideas he would build today if he were starting from scratch.

If you’re looking for an idea, inspiration, something to build, or want to pay attention to what’s coming in the future, this short video is 100% worth checking out.

🐦 A couple of Tweets we found interesting

The best of the bird

As the timeline gets increasingly bearish, here's an age-old question
Do you want to be right or do you want to make $$?
— jay (@0xjaypeg)
2:43 AM • Aug 29, 2023

“but crypto has no use cases”
— jay (@0xjaypeg)
12:57 PM • Aug 30, 2023

The GBTC discount has been closing in for the entirety of 2023.
GBTC currently trades at an 18% discount to NAV (net asset value), up from a 48% discount to NAV late last year.
— Will Clemente (@WClementeIII)
12:46 PM • Aug 30, 2023

Congrats on surviving the longest bear market in #Bitcoin history.
They'll still call you "lucky" next cycle.
— Miles Deutscher (@milesdeutscher)
1:13 PM • Aug 28, 2023

Lot of people were asking yesterday. Eric and I have moved to 75% for 2023 launch of a spot #Bitcoin ETF and we think it’s almost a done deal that we will have one launched by the end of 2024.
— James Seyffart (@JSeyff)
2:12 PM • Aug 30, 2023