Crypto Investor Briefing – October 2021

October 2021 

As we enter the last quarter of the year, market watchers will be hoping for history to repeat itself as the biggest bellwether of crypto, Bitcoin, has closed October in profit seven out of nine times since 2013. However, the last few weeks have seen headwinds continue to challenge the market and contain the exuberance of previous months. 

The biggest headlines again came from China with further crypto bans on seemingly anything but possession of the assets themselves, combined with growing fears of contagion from the ominous news surrounding Evergrande, one of China’s largest real estate developers (rumoured to be worth approximately 2% of the country’s GDP). The news from the East has taken on a more depressing tone in recent weeks. Thus far the crypto market has shown some reassuring resilience to these headlines, as asset prices remain comfortably off their July lows when Bitcoin touched $30,000. This could point to signs that institutional investors will buy any weakness in these markets. In addition, some institutions such as Société Générale are even dipping their toes in the DeFi waters as they plan to apply for a $20m MakerDAO loan using a bond token as collateral.

In other positive news showing financial markets’ continued adoption of the power of blockchains, Visa announced a plan to build a Layer 2 hub for payment and settlement of various stablecoins and central bank digital currencies (CBDCs). The market size of this ‘universal payments channel’ (UPC) is difficult to comprehend and could truly revolutionize many of the legacy systems and processes in use today.

Finally, Twitter announced support for ‘tipping’ in Bitcoin through its platform, with plans for further crypto adoption in supporting authentication for NFTs. Allowing NFT owners to receive a verified check mark as official owners of that profile avatar might make them feel a little more smug and justified in spending millions of dollars on that JPEG of a cartoon ape 😉


Rick Behl

CTO, Tokenomy



  • Tokenomy Earn latest rates: 
    • Earn 5% on TEN 90-day fixed deposit 
    • Earn 7% on BTC 90-day fixed deposit 
    • Earn 8.5% on USDC 90-day fixed deposit
    • Earn 12% on IDK 1 year fixed deposit (vs 3.1% BCA)
  • Dual Currency Deposit is live! Earn upsized returns on BTC, ETH and USDT deposits  

If you would like to continue receiving Crypto Investor Briefing, please SUBSCRIBE on the button below.


You might also like

%d bloggers like this: