Noncense

June 12th: Bitcoin at $10k this year? JPMorgan disses El Salvador. Buyer of $11.8M CryptoPunk revealed

El Salvador

China officially ordered Yunnan Province miners to stop mining by the end of June. From now on, only forced labor is allowed.

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Some American bookmakers give Bitcoin at $10k this year a nearly 60% chance. Bitcoin bulls are disappointed that the odds aren’t closer to 90% — the kind of FUD that precedes a bull run.

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An NFT of the original Dogecoin meme sold for $4M. Which is about $4M more than the actual worth of the total supply of DOGE.

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Turns out that the person who bought a CryptoPunk for $11.8M is a board member of DraftKings. What a shocker: insane amount of money spent on overhyped pixels by a gambler.

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JPMorgan is “struggling” to find tangible benefits to El Salvador’s making Bitcoin legal tender. What a coincidence since most of the world is struggling to find tangible benefits to JPMorgan. 

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At what price would you buy a CryptoPunk?

 

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Dahveed
Dahveed

Crypto copywriter and investor. Publisher of Noncense - crypto news with a punchline. Far too obsessed with NFTs, especially city-builder game types.


Noncense
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Crypto news with a punchline.

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