EddieJayonCrypto
6 Jun 22
• Out of nowhere, Bitcoin rallies and breaks above my inner band• Binance is the official sponsor of The Weeknd's upcoming world tour, call After Hours Til Dawn• Goldman Sachs' annual insurance survey 6% of insurers have or want to have a crypto position• Both stating they have strong balance sheets...
• Out of nowhere, Bitcoin rallies and breaks above my inner band• Binance is the official sponsor of The Weeknd's upcoming world tour, call After Hours Til Dawn• Goldman Sachs' annual insurance survey 6% of insurers have or want to have a crypto position• Both stating they have strong balance sheets, Ripple and FTX are scouting for acquisition targetsThere are some serious consolidation opportunities out there. Here is what is on my mind today.1. Out of nowhere, Bitcoin rallies and breaks above my inner band. Will It stay there? I have no idea, but people are talking about Bitcoin achieving its first weekly green candle in 3 months! That said, it is not on high volume. There are a number of altcoins also enjoying some upward movement. 2. Binance is the official sponsor of The Weeknd's upcoming world tour, call After Hours Til Dawn. It is expected to be the first such tour to directly incorporate Web3 into the overall audience experience. This is a smart move for all concerned and could be a catalyst for all around crypto adoption and growth. 3. Goldman Sachs released their annual insurance survey. They surveyed 328 top executives that control almost half of the $26 trillion global industry. They found that over 6% said they either already have or are making plans to obtain crypto positions. Most of that 6% of respondents are from the US. I wonder what the industry's reaction will be as we see more signs of a recession coming. 4. While other companies are cutting staff and rescinding accepted offers both Ripple and FTX are scouting for acquisition targets. Sounds like these 2 companies got it right and have been waiting. Now that other companies are taking a downward turn they are aggressively searching for growth. I am not trying to fan the flames of competition, but wouldn't it be funny if FTX swooped in and snatched up 2TM. You know, the company Coinbase couldn't close on.