"All things are difficult before they are easy." -Thomas Fuller
Big News Of The Day: Crypto market grows by $2 trillion in 12 months despite short term retracement
Podcast Of The Day: The Wolf of All Streets: Institutional Adoption Of Crypto Is Here | Aya Kantorovich, FalconX
Video Of The Day: Altcoin Daily: Jerome Powell About to Trigger Cryptocurrency Bull Run in December 2021 (Crypto News)
Blog Of The Day: El Salvador Continues Its March Forward by Announcing the Creation of the World’s First Bitcoin City
In spite of the short-term correction, the market has seen an inflow of almost $2 trillion over the last 12 months taking the market cap $566.92 billion on November 23 2020 compared to $2,521.45 billion as of November 23, according to CoinMarketCap statistics.
Tahinis, a small family-based restaurant chain in Canada, has been investing all of its cash reserves into the flagship cryptocurrency bitcoin as part of a strategy meant to hedge against inflation. Its return on investment has been around 460%.
Long-term analysis of bitcoin indicates that the peak may not be reached until late 2022 and BTC cycles are lengthening and provide diminishing ROI. Each BTC cycle peak reached a range of external 2.272-2.618 Fib retracements — today it is only at the 1.618 Fib level.
Meanwhile, Mark Yusko still believes we can reach $250,000:
"The $250,000 number is not just pulled out of the air. That is gold equivalence, the monetary value of gold equivalence."
Other Analysts are keeping their eyes on $DOT, $CRO, and $AVAX.
Binance is looking to settle on Ireland as Global Headquarters and is reportedly wanting global wealth funds to get a stake of the exchange.
Best Performing Top 10 Asset is: BNB - $576.40
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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