"Adopting the right attitude can convert a negative stress into a positive."
-Hans Lelye
Bitcoin: $41,349.80 | Dominance: 40.2% | Hashrate: 175.672 EH/s
Bitcoin Dips Are for Buying: Justin Sun, Nayib Bukele, Michael Saylor
Bitcoin
Will this time be different? Bitcoin eyes drop to $35K as BTC price paints 'death cross.' Meanwhile, a popular pseudonymous whale and trader who goes by the name Light says he believes Bitcoin has reached a bottom, and traders who sell at current levels are making a mistake and Bitcoin Whales are increasingly buying the dip despite BTC on the verge of sinking below $40k. Now, Wall Street giant Goldman Sachs, has predicted bitcoin will increasingly compete with gold as a "store of value"—and could hit $100,000 within five years and former Goldman Sachs executive Raoul Pal predicted that crypto is on pace to more than 100x its market capitalization to $250 trillion within a decade. Nexo Co-Founder Antoni Trenchev predicts Bitcoin reaching $100K by mid 2022.
However, the backlash to a Matt Damon ad is just the latest reminder: lots and lots of people really hate crypto. So, what might change their minds?
Altcoins
Searches for “sell Ethereum” skyrockets 1000% in 24 hours as liquidity supernova turns negative. Polkadot ($DOT) Is ‘growing faster than Ethereum did at similar points in its history.’ According to whale-surveying robot WhaleStats, Ethereum whales are currently accumulating layer-2 ETH solution Polygon ($MATIC), crypto exchange FTX Token ($FTT), oracle network Chainlink ($LINK), decentralized finance protocol Aave ($AAVE), and non-fungible token marketplace Enjin Coin ($ENJ).
Analyst's Corner
Trader Peter Brandt who called Bitcoin’s 2018 collapse warns BTC has once again violated its parabolic advance. However, DeVere Group CEO Nigel Green Brands Crypto Market Correction a Knee-Jerk Sell-Off, Predicts Bitcoin Will ‘Robustly Rebound.’ Michael Van de Poppe tells his 551,000 followers that Bitcoin’s price action is “creating a bullish divergence.” Ethereum Competitor Tezos ($XTZ) could more than double its price in coming months, according to Guy from Coin Bureau.Crypto analyst and DeFi educator @Route2FI claims that the LUNA token of Terra blockchain might be undervalued and describes its most interesting protocols. Three Arrows Capital CEO Zhu Su is offering his opinion on why Cosmos (ATOM), Fantom (FTM) and Near (NEAR) are appreciating as the rest of the market trends downwards. The analyst pseudonymously known as Smart Contracter tells his 199,700 Twitter followers that the native token of the Aave platform has potentially made a higher low, signaling a possible rebound.
Key Voices
El Salvador president Nayib Bukele slams Steve Hanke ‘idiot’ amid volcano BTC mining debate.
Partnerships/Acquisitions
Turkey’s electronic vehicle (EV) manufacturer Togg has announced a strategic partnership with Ava Labs to design and build smart contract-based services aimed at improving autonomous mobility.
Stablecoins/CBDCs
PayPal reportedly confirms plans to explore the launch of a stablecoin. Crypto regulation concerns make decentralized stablecoins attractive to DeFi investors. China’s central bank digital currency comes to the country’s largest messaging app WeChat Pay.
Doggie-Coin Watch
6.5 Billion $SHIB added by Crypto Whales to their holdings within one hour and 103.2 Million $SHIB burned in single transfer by the company Bigger Entertainment. Shiba Inu market cap shrunk by $3.5 billion in a week; What’s next for $SHIB? Dogecoin ($DOGE) & Shiba Inu ($SHIB) face ‘purge’ as hawkish Fed action rattles markets says Bloomberg Analyst Mike McGlone.
Exchanges
$ADA: SundaeSwap Team Tells Cardano Community What To Expect After Mainnet Launch
Mining
U.S. Bitcoin mining global market share hits 35% growing 8x in two years
Blockchains
Cardano emerging as the ‘go-to green’ Blockchain following Samsung’s groundbreaking foray. Solana witnesses new performance issues, project Co-founder Anatoly Yakovenko says DDoS attack not to blame. Users of decentralized applications on Polygon (MATIC) blockchain are ready to sign petition to prevent Sunflower Farmers from eating all its resources.
Regulators
What should the crypto industry expect from regulators in 2022? Experts answer, Part 1.
Web3
Web3 “reminiscent of early internet days” says Signal Founder Moxie Marlinspike. Trading volumes for OpenSea NFT skyrockets as Bored Ape Yacht Club receives traction. So, Bored Ape Yacht Club is a huge mainstream hit, but is Wall Street ready for NFTs? Does the Bored Ape Yacht Club NFT collection contain racist iconography?
Games
$AXS: FTX CEO Sam Bankman-Fried Says Success of Axie Infinity Is ‘Proof’ of Potential of GameFi. 5 NFT-based blockchain games that could soar in 2022.
With the good comes the bad, Johann Steynberg, CEO and owner of Mirror Trading International, has been arrested in Brazil and Steynberg’s company was responsible for a Ponzi-like scheme that prevented people from withdrawing their investment capital. Bitmart hack victims demand answers. Pakistan FIA demand audience with Binance executive following fraudulent apps.
Would you Believe? Tesla owner explains how he mines $ETH and $MATIC with his car andIs Norton 360 mining Ethereum in your computer? If it is, they’ll take a 15% cut.
Podcast of the Day: The Pomp Podcast - #775 Fear In The Markets - What's Next For Bitcoin? w/ Will Clemente
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