EddieJayonCrypto
12 Feb 22
There is a lot on the mind today, but here is what is standing out to me:1. Yesterday I mentioned Uber could be moving toward accepting crypto. Well, we have some clarity now. Uber CEO says they will implement crypto when it becomes more "environmentally friendly". 2. Georgia continues to be a hot s...
There is a lot on the mind today, but here is what is standing out to me:1. Yesterday I mentioned Uber could be moving toward accepting crypto. Well, we have some clarity now. Uber CEO says they will implement crypto when it becomes more "environmentally friendly". 2. Georgia continues to be a hot spot for crypto mining. And still attracting miners. Looking at this and movements in other states it is not wonder that the US government is actively working on crypto regulation, says SEC Chief Gary Gensler. 3. BlockFi is close to finding closure to an ongoing investigation by the SEC. The price may be a fine of $100M and halting their high-yield offering (yields as high as 9.5%). The money would be split between 5 states. 4. Following in the tracks of Arizona and Tennessee, Missouri lawmaker, Phil Christofanelli, has introduced a bill that will exempt crypto from state property taxes. 5. New Hampshire Governor signed an executive order creating a commission on cryptocurrencies and digital assets. 6. My nieces will love me for sharing this. Apparently, Drake has placed bets totally about $1.3M and he did it all in Bitcoin. I am taking notice of all of these unofficial nods to crypto as the momentum of acceptance gains on main street. 7. I was just having a conversation with a friend of mine that thinks "crypto currencies will have the same problems but can be overcome. Like how they are using crypto so sell memorabilia but think it would be better used as an index for it like SPDRs and diamonds." I think he could be on to something, but I think most people outside of the crypto space lose track of the real value: all of the use cases. 8. Traders are playing the short game again and better Bitcoin will drop to $38K. Again, there are so many people playing the numbers game when it comes to cryptocurrencies. As much as crypto has been around for a while, they are still very much in their infancy when it comes what you can do with the various technologies. I would not be taking on short positions with something that has enormous upside potential and the speed at which it can be realized.🔥 Check out my new NFT: https://opensea.io/collection/nyc-original-graffiti-sebar-7-blue🚨 Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by Eddie Jay on Crypto. Eddie Jay on Crypto may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.