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The cryptocurrency guru reveals his fail-safe strategy for earning profits of 1000% in a volatile market

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The cryptocurrency guru reveals his fail-safe strategy for earning profits of 1000% in a volatile market

Maximize your earnings with expert cryptocurrency advice

Godfather Investor
Feb 14
Share this post

The cryptocurrency guru reveals his fail-safe strategy for earning profits of 1000% in a volatile market

godfatherinvestor.substack.com

The SEC is stepping up and has taken two major steps in 3 days:

  • Banning the issuance of $BUSD through PAXOS.

  • Banning cryptocurrency staking through the Kraken exchange in the US. In other words, the SEC is banning good crypto products, but not the bad ones that have already collapsed.

The SEC did not protect us (only US residents) from:

  • FTX

  • Celsius

  • 3AC

  • Luna/UST

  • Voyager

  • And many others...

Kraken receives a $30M fine from the SEC.

Here, Gary explains why.

Twitter avatar for @GaryGensler
Gary Gensler @GaryGensler
Today @SECGov charged Kraken for the unregistered offer & sale of securities thru its staking-as-a-service program. Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries must provide the proper disclosures & safeguards required by our laws.
8:16 PM ∙ Feb 9, 2023
4,711Likes1,619Retweets

Jesse Powell, CEO of Kraken, responds to the video posted by Gary.

Twitter avatar for @jespow
Jesse Powell @jespow
Oh man, all I had to do was fill out a form on a website and tell people that staking rewards come from staking? Wish I'd seen this video before paying a $30m fine and agreeing to permanently shut down the service in the US. How dumb do I look. Gosh. ⛽️💡 cnbc.com/video/2023/02/…
cnbc.comSEC’s Gary Gensler on Kraken staking settlement: Other crypto platforms should take note of thisGary Gensler, SEC chair, joins ‘Squawk Box’ to discuss the recent crackdown from the SEC on Kraken, how the company’s operations differ from other yield-based products and more.
10:44 PM ∙ Feb 10, 2023
17,139Likes3,130Retweets

Banning the issuance of $BUSD through PAXOS

The SEC deemed the stablecoin $BUSD a "security" and threatened to sue the company responsible for its issuance, PAXOS, which has stopped doing so.

However, according to the Howey test, stablecoins should not be considered a "security," as shown in item 3. There is no expected benefit in exchange for the purchase of these coins.

But...

Each coin could be considered a share/stock of a fund.

You might say, "I buy $1 in $BUSD and expect to receive $1, not $1 + interest. There is no expected gain."

But this makes it even worse and more valuable to be regulated; the coin's customers bear all the risk and receive no profit from the issuing company.

So now I wonder, if this has happened with $BUSD, why couldn't it happen with other stablecoins? The answer is that it could.

Therefore, we need to assess how this news has affected and will affect $BUSD to make a decision in our portfolio.

How it has affected:

  • Fear -> Sell

  • Drop in $BUSD price

How it will affect:

  • Go to court

  • Fine to the entities behind the Binance and Paxos coins.

Therefore, in the worst case, those who cannot bear the fine will go bankrupt => Fall/Rise of the stablecoin => and Loss of money if we had that coin in our portfolio.

But if you have that fear, don't worry; a very profitable strategy can cover all of this and even earn more than 1100%, which I am using myself.

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