13 Dec: Abu Dhabi Dabbles

"A leader is a person who has people following them, because they want to."

-Larry Wilson


Big News Of The Day: $243 Billion Abu Dhabi State Fund Investing in Cryptocurrency Ecosystem

Podcast Of The Day: #752 How British Businesses Are Adopting Bitcoin w/ Ryan Moore | The Pomp Podcast


| Altcoin Daily

Tweet Of The Day: Drew MacMartin - Bitcoin Reserve Currency


As BTC starts a critical week amid $50K, Abu Dhabi’s sovereign wealth fund is investing in the cryptocurrency ecosystem. In addtion, One of the largest banks of Europe (BBVA) has announced that it is going to widen its cryptocurrency trading service offering by adding Ethereum to its portfolio.

Bitcoin has broken down from an ascending support line and the weekly indicators are bearish but daily signals are showing signs of a reversal. BTC is trading inside a short-term descending parallel channel. 18.9 million BTC is in circulation at the moment and the figure accounts for approximately 90% of the total supply. Bitcoin’s current price is approximately $48,940.

Meanwhile, a huge move is expected as ETH retests the $4K key level. After the sudden 8% spike on the market, Shiba Inu has retraced and reached the new low on the market, which put it in second place among large Ethereum wallets, according to WhaleStats. However, SHIB buying ongoing as meme tokens retain potential to revolutionize next bull run.

Chinese blockchain journalist and blogger Colin Wu has tweeted that Purpose Bitcoin ETF, the first institution of its kind in the country and in the world that was approved by regulators, has added 4,342 Bitcoins to its stash, now holding almost 29,000 BTC.

Myanmar’s shadow government, the National Unity Government (NUG), led by the supporters of jailed leader Aung San Suu Kyi, has declared U.S. dollar-based stablecoin Tether (USDT) as an official currency for local use.

Best Performing Top 10 Asset is: XRP - $0.88

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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Remember: Bitcon 2022 tickets for Apr 06-09 in Miami and Consensus 2022 is Jun 10-12 in Austin, Texas; hope to see you at both!


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