⚡ Zash Community Update 17: Crypto goes into Conniptions, Creator of the Week and more

Building the future of retail investing

Dear All,

Happy Wednesday! We hope you had a great long weekend and here’s a quick update for you on our latest happenings, developments, and more.

Why? Community is at the heart of our product. We want you to be part of the crucial steps of our product development. You can read all of our previous Community Updates here.

Creator of the Week 🧠

In this week’s installation of our Creator of the Week spotlight series we have Nikki Hawkes who is CMO at Stratiphy.

  • What do you generally like to invest in? 

    I like to invest in companies with high Environmental, Social and Corporate Governance (ESG) ratings. I also occasionally invest in mining companies with a good corporate ethos!

  • How would you describe your investing style? 

    It’s mainly focused on companies with good Environmental, Social and Corporate Governance ratings. With a bit of a dirty tech stock habit as well.

  • What industry/company’s future you’re excited by and why? 

    I’m really excited about Vegan stocks! I believe that Oatly and Beyond Meat for example have really exciting futures ahead!

  • What do you love about the Zash Community? 

    People are genuinely interested in helping, and sharing their investment strategy. Getting it right so that you're not spending hours doing research and your money is working for you is tough, and Zash makes it easier to cut through the noise and get actionable advice.

📉 Crypto Continues Volatile Path 📈

Cryptocurrencies continued to be volatile over the weekend and through the start of the week, with increased pressure from banks and regulators adding to the volatile market sentiment.

Bitcoin and other leading cryptocurrencies fell at the start of the week on the back of more crackdowns. Two weeks ago the Peoples Bank of China was attributed with being the main cause of the chaos as Bitcoin lost 30% of its value in a day. This time it was the turn of the British banks, with announcements that several would stop supporting the use of their products on crypto exchanges. This now sees Bitcoin trending downwards steadily since reach its peak in April at $60k.

However, the powerful relationship between Bitcoins price and that of other cryptocurrencies has began to wane, according to some experts. Cardano (ADA) founder Charles Hoskinson believes many cryptocurrencies have begun decoupling from Bitcoin.

The co-founder of Ethereum was addressing his YouTube followers when he made the announcement, most importantly he noted that people have begun to differentiate between proof-of-stake and proof-of-work. This means that it’s becoming more popular to look beyond Bitcoins heavy energy consumption and instead consider ESG concerns when trading cryptos.

  • If you want to find out why more investors are moving towards proof-of-stake we highly recommend this piece.

Reddit Investors are Back 🚀

Last week meme stocks came back in vogue, with AMC and GME being backed by Reddit investors.

After a break of several months Reddit retail investors are back in the news. Pumping the price of AMC’s stock up over 60% in the week leading up to the Memorial Day weekend, as well as GameStop raising 37%. However, this time they also backed stocks with some more obvious merits - Beyond Meat for instance

While many questioned the merits behind backing AMC and GameStop in January, Beyond Meat has some real upward potential. Recently they’ve improved their manufacturing capabilities outside of the United States and expansion into the Chinese market through a strategic partnership with KFC is sure to help with sustain growth over throughout the year.

On the back of this news there was more encouragement for retail investors in the United Kingdom this week, with Crowdcube announcing they’re bringing IPOs to retail investors.

There’s more good news for Robinhood users too. Similar to Deliveroo’s IPO the American retail investing app Robinhood will give retail investors access to IPO shares

Clubhouse Recap  🎙️

Last week we held our latest Clubhouse event. We had three fantastic guests and some great insights were shared.

On Tuesday last week we hosted a talk on the Future of DAOs and Social Networks with Matt Clifford, Agash Navaranjan, Franz Josef Allymer. We’d like to thank all our wonderful guests and everyone that attended the event. Keep an eye out for more info on upcoming events over the next few weeks. We’ll leave you with this quote from Franz on DAOs and some more articles on the topic we found interesting!

“DAOs are a tool to facilitate co-operation and collaboration”

Reading of the Week 💡

Here’s a look at the original Megacorporation, The Dutch East India Company. Thanks to the development of competition laws it’s unimaginable to have a Megacorporation like this again. It is, however, interesting to see how it would dwarf most of todays modern multinationals.

That’s all for now and we’ll see you next week,

Team Zash