EddieJayonCrypto
29 Jan 23
• News comes in stages; Polygon and Tezos are enjoying theirs• Arizona and New York introduce crypto-positive bills but still have a long way to go• Biden tells US agencies to continue cracking down on enforcement• If all DOGE has is Elon eating a Happy Meal, the project is in major trouble• Stripe ...
• News comes in stages; Polygon and Tezos are enjoying theirs• Arizona and New York introduce crypto-positive bills but still have a long way to go• Biden tells US agencies to continue cracking down on enforcement• If all DOGE has is Elon eating a Happy Meal, the project is in major trouble• Stripe is integrating Bitcoin Lightning into its Point of sale system• WazirX is still poking the bear known as BinanceThere have been some movers and shakers this week and I am expecting more this quarter, Here is what is on my mind this coming week.1. Over the past week I told you about a couple of very near term events. The first were the Polygon and Cardano upgrades. Then I told you about California testing Tezos for tokenizing car titles. I keep telling people that news can bear many fruit. The first is the initial announcement. Then it is the "we are almost there" leak/news. This is the one where it is officially or unofficially released to keep the interest. Then there is the "We did it!" announcement. Each of these can be moments in time that will enter a nice pop or even a bull run. 2. There is talk that Arizona and New York are introducing bills that would allow the states to collect payments in Bitcoin. There is a long way to go in either state. The news is there is a growing number of legislators interested in that level of adoption. Which means there is a lot more light being shined on cryptocurrencies even if at the moment it is hyper focused on Bitcoin. 3. Meanwhile, the US federal government has released a roadmap for mitigating crypto risk for investors. This seems more like bad news than anything else since the Biden administration has directed agencies to step up enforcement. If only they would do the same for the current banking model. Alas, that will not happen. The current system benefits too many people and institutions. I keep saying, the tighter a government squeezes the more things escape. 4. So, Elon says he will eat a Happy Meal on television if McDonald's accepts DOGE. He must not be watching my videos. If he was, then he would know McDonald's accepts crypto in Lugano Switzerland. I reported that October 6th last year. Sadly, DOGE has nothing going on that will drive its price, except for these blurbs by Elon. 5. Stripe integrates Bitcoin Lightning Network into its Clover point of sale system. This is a great step for Bitcoin adoption. I want you to contemplate something. As crypto adoption increases, doesn't credit card usage decrease? Don’t get me wrong. Credit cards are going to be around for a time to come. I just think their dominance will decrease over time. 6. Binance and India's WazirX are still going at it. The latest volley comes from WazirX saying Binance lied about ownership. At this point, I have no idea who own what when it comes to WazirX. What I do know is that India is not making it easy for the exchange to operate in the country. So that makes me wonder to what end would a smaller exchange want to get into a fight with the world's largest exchange. Whether they are right or wrong, I think it is not the smartest of moves.