29 Nov: Heading up?

"Of the blessings set before you make your choice, and be content."

-Samuel Jackson

 

Big News Of The Day: Crypto Markets Gain $130B in a Day as Bitcoin Reclaimed $57K (Market Watch)


Podcast Of The Day: The Pomp Podcast: #734 The Economy Is Worse Than You Think w/ Preston Pysh

Video Of The Day: Altcoin Daily: WHAT’S HAPPENING WITH CRYPTOCURRENCY? (BIG NEWS)


Tweet Of The Day: Will Clemente


TOP NEWS

Following a few consecutive days of price slides, bitcoin finally bounced off by adding $4,000 of value.


“We can see who’s moving in and it looks like strong, institutional holders are moving in [to Bitcoin]. Why are they moving in? Because the correlation of returns among crypto, especially Bitcoin, and other assets – stocks, bonds, currencies, commodities – are very low.


“Studies tell us that if there’s a low correlation of returns among assets, [buying] that asset with the low correlation, you will be raising returns and lowering risk over time.“ - Cathie Wood, Ark


Most alternative coins are well in the green as well, with impressive daily increases from Ethereum, Solana, Polkadot, Terra, The Sandbox, and more.


Other Altcoins being mentioned: $BNB $LUNA $MANA $SHIB $AXS $LTC $ADA $OMIC $FTT


Renowned hedge fund manager Anthony Scaramucci is comparing Bitcoin (BTC) to e-commerce giant Amazon, which was volatile in its early days but eventually became one of the best-performing stocks.


A senior official for France's central bank said earlier this month that regulators in Europe need to more directly supervise decentralized finance (DeFi).


Bank of England criticized El Salvador's Bitcoin investment and here was Nayib Bukele response:


“Bank of England is 'worried about El Salvador’s adoption of Bitcoin? Really?' I guess Bank of England’s interest in the well-being of our people is genuine. Right? I mean, they have always cared about our people. Always. Gotta love Bank of England.”


Crypto giant Grayscale says that the metaverse is still in its very early stages and predicts that the emerging tech sector will soar to become a $1 trillion opportunity.


Tesla CEO Elon Musk called attention to some dangers and pitfalls of leveraged Dogecoin trading by praising a lengthy thread posted by Twitter user Mishaboar.


Best Performing Top 10 Asset is: SOL - $204.47


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!


Promoted Brand is PEI. Get $20 and automatic cash back on all purchases in Bitcoin! Use Code: 2sdpr8 to get $10


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!

 

If you find value in this content, please share my website with those you know so they can benefit just as you have. One thing for sure, Bitcoin will without a doubt change the trajectory of your financial future.

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