tl;dr

• AirBNB - doing big things to help Ukraine refugees• Decoupling…kind of crypto from stocks and for good reason• SEC vs XRP - Momentum seems to be with XRP and that could lead to a skyrocket event• Polkadot delivers on $5M donation to Ukraine• Visa, Mastercard shut transactions down in Russia• AMC, ...

• AirBNB - doing big things to help Ukraine refugees
• Decoupling…kind of crypto from stocks and for good reason
• SEC vs XRP - Momentum seems to be with XRP and that could lead to a skyrocket event
• Polkadot delivers on $5M donation to Ukraine
• Visa, Mastercard shut transactions down in Russia
• AMC, DOGE and SHIB
• My thoughts on an upcoming move by Chairman Powell
• Twitter Joins the NFT space with the modest rollout Twitter Blue
• EU lawmakers looking to fasttrack crypto regulation, but not ban Bitcoin
• Cardano and Solana play seesaw and Terra LUNA and XRP could do the same
Are companies thinking through their back to work policies and including gas price impacts? Doubtful

Here is what's on my mind.

1. AirBNB is researching accepting cryptos. This is a very big deal when you contemplate the reach of this company. Something else they did that made me smile was they have made a significant investment to help house refugees from Ukraine. They are working our rates with renters and paying those fees to help ease the pain those people are going through. Hat tip to AirBNB.

2. Cryptos have clearly decoupled from the US stock market. I have never thought the two being coupled. I think of them as being two lines on a graph. Sometimes those lines meet and stay together for a little bit and other times they don't meet at all or simply cross paths. In this case, the two markets seemed to be moving together. Then all things changed with Russia invading Ukraine. Stocks took a hit while cryptos started gaining. Clearly, this is because people started seeing how fast they could move money to help others.

3. XRP is definitely going to take off when the SEC is done. Maybe even before then. This is because momentum is on their side while the SEC fumbles with their case. There is more to come, but at some point the case will be solved and XRP will skyrocket.

4. Polkadot CEO makes good on his $5M donation promised the other day. They had to get a DOT address, but it's done. Other than that, I do not think DOT has any real upward momentum on its side. They need to make some moves to gain some.

5. Mastercard and Visa have halted transactions in Russia. This is yet another problem for Putin as his people start to feel the pinch.

6. DOGE is not doing so well. I think that's why the value of that coin has not been rising as much as others. One would think AMC adding them as a payment option might help them. I think the shine from that will be taken by SHIB since they will be added, too. Some are saying the only thing that may help DOGE is for it to flip another coin. I think there is a stronger chance of them getting flipped by SHIB and Polygon.

7. There is doubt that Chairman Powell will raise the rate above .25.

8. Twitter has no rolled out NFT support to its Twitter Blue subscribers. This is a smaller launch since Twitter Blue is currently only rolled out in a few countries.

9. After being flipped, Cardano is in a position to flip Solana in this see-saw battle. You may want to keep an eye on Terra LUNA since it is on the heels of XRP. Both of those coins are on fire.

10. EU lawmakers are seeking to fast-track crypto regulation. Ah, but what else are they trying to do? They removed language that would have banned Proof of work coins…Bitcoin! That is a very big deal. This is something else that has been driven by the utility of Bitcoin demonstrated during the past couple of weeks.

11. Personal note: Crude is ta about $106. Are companies paying attention to this as they are telling people they have to come back to the office? I think companies should rethink their back to office approach in light of inflation and the price of crude. This could wind up being a huge burden on their people.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 20 Dec 24
 20 Dec 24
 20 Dec 24