September is already off to an interesting start. My time has been pretty heavily divided right now between the start of the school year and all the other things that life throws at you. I was dropping @mrsbozz off at her building this morning for work and she said "I just left here". Indeed, since we stayed late to watch our niece play volleyball, it has been less than 12 hours since we left the campus.
That's crazy and sad all at the same time.
This is also the first Friday in over a month that I have actually written my Friday post on a Friday. What that means is whatever I mention about the markets will probably be a little more accurate than it has been in my past posts. It never fails I would write a post on Thursday knowing I was going to be either busy or sleeping Friday morning and all the stuff I wrote about ended up totally reversing by Friday morning.
Crazy and sad all at the same time...
Despite it being September and as most of us know, September is a historically horrible month for the markets in general (crypto specifically), there are still a number of things that have me excited and I wanted to talk about them with you here today.
As a lot of really wise people have said in the past, it's always good to zoom out and look at the bigger picture. It's not necessarily what is right in front of you, but what is down the road or in the past. This dip from $122,000 BTC to $112,000 BTC is just a blip when you consider the overall trajectory of the token over the past decade or so. That chart doesn't look quite so bad now does it?
Tokenized Gold
The first bit of news I wanted to share ties together two things that I have been really excited about over the past few years, crypto and precious metals. CHEX is the token of the Chintai network and if you have been following me for a while, you know that I have a lot of hope in the CHEX token. Probably the easiest description for the token is that it is the "Shopify" of Real World Assets. Chintai has been working in the background during the bear market getting the necessary framework, licensing, and approvals in place so that when things really get going businesses can basically just plug and play their commodity as a tokenized RWA.
They have already done this with a few real estate and other ventures and now in conjunction with a company called SmartGold, they have now tokenized $1.6 billion worth of gold.
You can read more about it here
Along with their recent partnership with the Chainlink blockchain, I think great things are in the future for CHEX. Of course, there is always FUD, and it seems some of the competitors of CHEX are waging an all out war. If anything, that tells me just how scared they are about what CHEX has in motion. Do your own research though!
NuScale Partnership
Another one of my favorites is NuScale Energy (SMR). SMR has been working in the background for the past half decade or so perfecting plans for small modular nuclear reactors that are melt down proof and take up far less space than a traditional nuclear reactor. The technology has been fascinating and exciting to me for quite some time now. Even before the company went public. As soon as they did I picked up some of their stock and it has been a great ride so far.
On September 3rd they announced the TVA (Tennessee Valley Authority) along with ENTRA1 Energy America have reached an agreement to deploy up to 6 gigawatts of NuScale SMR capacity across the seven state service region. That's enough power for 4.5 million homes or 60 new data centers and will be the largest SMR deployment in US history.
You can read more about it here
I think that is pretty awesome and assuming it all goes through the way they hope it will, I have a feeling this is just the beginning of big things for the SMR stock. This could be one of those stocks that ends up being life changing. This is definitely one of those cases where you need to zoom out because while the price looks decent now versus the IPO price, if you look down the road, I think there is still a lot of room to move. Up to this point, NuScale has yet to generate an annual profit and yet their stock is still up 4x from where it opened.
HIVE
Finally, I would be remiss if I didn't touch base on my HIVE account(s). My main account continues to grow. I'm still waiting for the token to make a bit of a pump so I can move some of my liquid HIVE back into HBD. I'm not really going to complain about buying cheap HIVE sub $.20 though. I've been continuing to power up and I think it is safe to say that 120K HP could possibly be do-able by the end of the year. Especially if we see some kind of pump in the token price between now and then.
Likewise, my @bozz.sports account is continuing to grow though a bit more slowly than my main account. I think I topped 8,000 HP on that account he other day and if I am lucky, I might be able to hit 10K by the end of the year. I think that would be really cool. If you haven't visited my bozz.sports account, I encourage you to do so. Even if you aren't a huge fan of sports, I still share some cute photos of my nieces and nephews, so that is always cool. Plus, the posts over there are about half as long as my ones here, so there is far less reading involved!
My Sports Account - @bozz.sports
All pictures/screenshots taken by myself or @mrsbozz unless otherwise sourced