EddieJayonCrypto
11 Jul 22
• Rockefeller International says Bitcoin will emerge stronger from the current economic climate• SEC is moving to block certain industry experts from testifying in Ripple case• Former Ripple CTO, Jed McCaleb has dumped 52M XRP since the beginning of July• Musk backs out of the Twitter deal diminishi...
• Rockefeller International says Bitcoin will emerge stronger from the current economic climate• SEC is moving to block certain industry experts from testifying in Ripple case• Former Ripple CTO, Jed McCaleb has dumped 52M XRP since the beginning of July• Musk backs out of the Twitter deal diminishing the chances of a DOGE implementation• No one knows where the founders of Three Arrows Capital are. Kyle Davies and Su ZhuThere are a lot of things that are popping up on my mid to longer term radar. Here is what is on my mind today.1. Rockefeller International says Bitcoin will emerge stronger from the current economic climate or crisis as some say. This is very much in line with what a lot of us are saying. There is an opportunity for a another dip, but as I was saying even just yesterday, Bitcoin will arrive at new all-time highs within the next 2 years. That would mean you are looking at an upward swing of a minimum of 3x returns based on today's numbers. 2. The battle between the SEC and Ripple has been loud and wrought with all kinds of foot-dragging by the SEC. In its latest move, the SEC is moving to block certain industry experts from testifying in the case. Ripple has immediately fired back saying the move is not in the best interest of the people and that is the mandate of the SEC. 3. In more Ripple news I want you to ponder something. The former CTO, Jed McCaleb of Ripple has dumped over 52 million XRP since the beginning of July. I want to point out the resiliency of the coin eve with that kind of dump. That said, that removes a lot of downward pushing. 4. So, we all know about the saga between Twitter and Elon Musk. In the latest salve Musk has informed Twitter he is walking away from the deal. This is an interesting move since he is on record stating he does not expect to make money from the deal, that he is doing it to make a better product. In as much, he also waived his rights to any due diligence. Twitter handing over any information was simply a good gesture on their part. Now that he has backed out, he is liable for the $1B backout fee and could be forced to purchase the company at his proposed price. The hopes of DOGE being implemented on the platform any time soon is slim and nil. 5. I keep referencing the fallout stemming from the 4 major macro events: Terra to Three Arrows Capital (3AC) to Celsius to Voyager. The latest in the saga is nobody knows where the founders of 3AC, Kyle Davies and Su Zhu. It has been said the 2 have been uncooperative in the investigation as to what happened to the financial management of the firm up to the current state. Some are even thinking the bankruptcy filing may have been a cover-up for their disappearance. Frankly, if you think about the amount of money they have lost and turmoil resulting from it, I would want to disappear, too. Imagine who may be after you.