Hey Guys,
It's that time of week again – the day we find out whether the crypto market will continue to bleed or finally see a recovery rally!
Jokes aside, today officially marks 8 weeks of red for BTC, a historic first. What's unfortunate is that this poor price action has overshadowed some very important crypto headlines.
For example, did you know that 44 countries met in El Salvador last week to discuss Bitcoin adoption? It might not sound like a big deal, but take a moment to consider that many of the countries that attended are ripe for Bitcoin adoption. I think I know which ones are next, and you'll have to watch to find out!
Another very important headline was the discovery that Bitcoin mining is continuing in China despite the crypto mining ban last May. According to Cambridge University, over 20% of Bitcoin's hash rate is still coming from the country, and as you'll see this could have some very interesting implications for BTC depending on the nature of these mining operations.
Last but not least, Ethereum's developers provided an updated timeline for the merge. Funny enough, it's the same timeline that they had initially promised earlier this year, but it looks like they're serious this time.
I explain why in the video, so I'll just give you a couple of hints: difficulty bomb and Vitalik Buterin.
Enjoy!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Terra Fork Proposal Update: https://agora.terra.money/t/terra-eco…
► El Salvador Gathers 44 Countries For Bitcoin Adoption: https://bitcoinmagazine.com/culture/e…
► Bitcoin Mining In China: https://www.coindesk.com/business/202…
► Tesla Kicked Out of ESG Index: https://www.cnbc.com/2022/05/18/why-t…
► Vitalik Considers His Contradictions: https://decrypt.co/100687/ethereum-cr…
► Bitcoin Drops For 8 Weeks Straight: https://www.coindesk.com/business/202…
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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.
