"Are right and wrong convertible terms, dependant upon popular opinion?"
-William Lloyd Garrison
Big News Of The Day: George Soros Is Selling Stocks and Buying Crypto
Podcast Of The Day: What Bitcoin Did - Bitcoin & the Financial Transformation with Greg Carson
Video Of The Day: Aimstone: Willy Woo - Bitcoin Bull Market Might Extend into Many Years | Here is Why BTC Pumping!!
Blog Of The Day: The Four Levels To Achieve Self-Sovereignty With Bitcoin
My Hot Take
Dawn Fitzpatrick, the CIO of Soros Fund that manages the personal capital of billionaire George Soros, said in an interview with Bloomberg that the fund owns "some coins" and is looking forward to exploring the DeFi industry.
“I’m not sure Bitcoin is only viewed as an inflation hedge here. I think it’s crossed the chasm to mainstream.”
The market capitalization of digital assets, now sitting at over $2 trillion, surpasses the GDP of many countries. It is a blossoming asset class that has become too large to ignore, according to new Bank of America report. In addition, Walt Disney, Fox Corporation, and JP Morgan are among a list of 20 publicly traded United States companies with some level of exposure to crypto and digital assets, based on data by Bank of America, or BofA. Also, According to the research, crypto will grow massively in the next 30 years.
Maybe that's why Wall Street giants are suddenly piling into Bitcoin and Crypto amid a $500 Billion price pump. MoneyGram partners with Stellar and Circle for Blockchain-powered near-instant money transfers.
It’s important for institutions to “get off zero” and have more than zero percent exposure to digital assets as money and talent flood into crypto, according to Mark Yusko. Kraken’s Dan Held believes Bitcoin market cap could settle between $50T and $150T. Real Vision CEO and macro guru Raoul Pal thinks crypto’s overall market cap still has a gigantic amount of room to grow. Corporates are inquiring how to add bitcoin to their balance sheets on a regular basis, according to Darren Jordan, managing director of EMEA at BitGo.
As it pertains to the market, Bitcoin's (BTC) "strongest hands" are eating out of its non-exchange supply aggressively. Bitcoin extended its rally above the $55,000 resistance against the US Dollar. BTC could correct lower, but the bulls might aim more gains towards $60K. Market analysts claim that people in the know might be front-running an imminent Bitcoin ETF approval.
Dogecoin Now Accepted by Cinema Giant AMC and according to Mark Cuban, NBA fans prefer paying with Dogecoin because Bitcoin is an appreciable asset.
A senior official at the U.S. Department of Justice has announced the launch of a cryptocurrency enforcement team. Lastly, Mt. Gox users will vote on the reimbursement proposal, set to end on Oct. 8 and some have speculated that the reimbursement might spark a sell-off.
Best Performing Top 10 Asset is: DOT - $33.15
Well that's a wrap but, continue to read, watch, and listen to the information I curate on my website. I believe you will be well positioned to benefit from the most transformative technological shift we've seen in our life time. Be STRONG and HODL on!
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