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Big News Of The Day: Bank of America COO: Crypto Could Add Value to Banks
Podcast Of The Day: The Pomp Podcast - #712 Bringing Bitcoin To The Developing World w/ Ray Youssef
Video Of The Day: Altcoin Daily: Ethereum Hodlers BE READY! (WHY NEXT 24 HOURS ARE HUGE) | Crypto News
Blog Of The Day: The 1 Percent Rule: Why a Few People Get Most of the Rewards With Bitcoin
My Hot Take
As Bank of America has begun looking more into the crypto space, the bank’s chief operating officer said he believes certain characteristics of the blockchain and crypto could add a lot of value to banks.
Christopher Wood, global head of equity strategy at multinational financial services firm Jefferies Group, has reduced exposure to gold in his Asia ex-Japan portfolio by 5% in favor of Bitcoin, Business Standard reports.
What are they saying? Raoul Pal believes there is more pain to come in December, Nigel Dobson, ANZ’s Banking Services Portfolio Lead says The weight of money means Crypto can't be ignored, and Mark Mobius says Crypto is "not a means to invest."
Former Binance.US CEO and former US Acting Comptroller of the Currency Brian Brooks has been appointed CEO of mining manufacturer Bitfury as the company pursues its next funding round which might come in the form of an IPO.
As we look at the Market, Bitcoin’s price continues its near-term pullback consolidation, but $60K is holing up nicely, which is a positive signal. If this level fails, we could see downside momentum towards $58.3K to $53K, likely triggered by liquidations and panic-selling.
Turning to Altcoins, Genesis reports continued growth in demand for ETH compared to BTC in Q3. Ethereum, Solana, and Polkadot set all-time highs and Solana Whale concentration threatens its price stability. Shiba Inu approaches support after plunging 50%.
Raoul Pal, Inmortal, Michael van de Poppe, Credible Crypto, Cred, DonAlt, and Justin Bennett all share their view on where assets are headed in the Analyst's Corner
Best Performing Top 10 Asset is: BNB - $604.93
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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