EddieJayonCrypto
6 Feb 22
Here is what is on my radar today:1. Bitcoin has just busted through $42K. I think there is more upward momentum ahead. Be mindful though. We could revisit $36K. 2. The biggest foreseeable macro event that can have an effect on the cryptocurrency space is we are expecting Consumer Price Index (CPI) ...
Here is what is on my radar today:1. Bitcoin has just busted through $42K. I think there is more upward momentum ahead. Be mindful though. We could revisit $36K. 2. The biggest foreseeable macro event that can have an effect on the cryptocurrency space is we are expecting Consumer Price Index (CPI) numbers this week. 3. The US Treasury says NFTs can be used for money laundering. Interesting take since banks can be, too. I am not trying to downplay the idea, but I think it is a flimsy stance to take considering there are a number of technologies and practices that are used for money laundering. 4. A few days ago, I said Thailand was looking to implement a 15% digital currency withholding tax. Well, that has been nixed. Instead, they have set their sites on capital gains from realized profits. This seems a lot more fair, so long as they set the capital gains tax at a reasonable line or use what is already in place for stocks and other assets. I think this is a big change in course of action and can help Thailand actually receive more income and less pushback from people in the space. 5. Shiba Inu - It started with some new partnerships announced a few days ago. a. A partnership with Welly's - an NFT rewards play in the fast food space. This will result in a Shib-themed restaurant! b. Whales continued their accumulation during the price drop resulting in 63 billion coins being snatched up. This seems to be done by big Ethereum whales that wanted to diversify their portfolios. 6. How to spot bullshit! A friend of mine gave money to a website to invest her money. I reviewed the site and realized they are definitely bogus. The look and feel of the website was OK, but some details were missing. Things like a fuzzy logo will make me wonder about your business and give me pause. This company has a Bitcoin logo on their about page, but not a single mention of Bitcoin. Then there are not people mentioned as a part of the company. To manage money in the United States you have to be licensed and insured in the US. This company show no such licenses nor any person that may be licensed. In my book, it is a sham and I let her know. 7. I would be interested to know how you think a social platform should work in the coming Web3 world. Our Rebel Reach platform is already going to support crypto and NFTs.🔥 Check out our new Nostalgic NYC Graffiti NFTs (we have more in the works): 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.