Hey Guys,
It's been another crazy week in crypto and I'm here, as always, to give you to the rundown. In my opinion, the most important headline was the record level of BTC accumulation among smaller Bitcoin wallets. This is a sign of true crypto adoption in my books.
Besides that I've also noticed crypto projects migrating from other smart contract cryptocurrencies to Ethereum. I feel like this trend has been going on for a few months, but it appears to have been accelerated by the collapse of FTX and Alameda Research.
Last but not least there are some really significant macro factors coming, one of which happened today. The TLDR is that I think we're about to see a resurgence of inflation, and this could have some seriously negative affects on the crypto market (and our lives).
Enjoy!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► BTC Accumulation Record: https://cointelegraph.com/news/non-wh…
► Demand For Liquid Staked ETH Increases: https://cointelegraph.com/news/demand…
► Genesis Global Owes Gemini 900 Million: https://cointelegraph.com/news/crypto…
► Stocks Settled With Digital Dollar In USA: https://cointelegraph.com/news/cleari…
► OPEC Doubles Down On Oil Supply Cuts: https://edition.cnn.com/2022/12/04/en…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
