EddieJayonCrypto
2 Feb 22
Here is what I am looking at today:1. AMD smashed their numbers. I would have thought this would be great for crypto considering miners all over the world use AMD processors2. The only company that had impacting numbers yesterday was PayPal. Of course, that means crypto has to tank today. What the h...
Here is what I am looking at today:1. AMD smashed their numbers. I would have thought this would be great for crypto considering miners all over the world use AMD processors2. The only company that had impacting numbers yesterday was PayPal. Of course, that means crypto has to tank today. What the heck? I think they may be holding some Bitcoin and considering creating their own stablecoin, but they haven't done anything significant int the space yet. What gives?3. Block - A decentralized fiat onramp? I have no idea if Jack Dorsey will be able to pull this off or not, but something like this would be amazing. Mind you, there is that bill that would give the US government the ability to halt a transaction. That can only happen in the current environment. A decentralized fiat onramp would offer a way for people to circumvent that law. This is also why I am not sure he will be able to create something like this, at least in the US.4. We all know Tom Brady has retired. Do you know what he is going to be doing? He will continue being a spokesperson for FTX. What is really interesting is he is getting into the NFT space with an NFT startup.5. I did not know MicroStrategy bought over $500M worth of Bitcoin in the last quarter. That makes their purchase of another $25M in Bitcoin yesterday very interesting. Believe me, when I tell you this means there is a lot of faith in cryptocurrencies.6. Another reason why people may be flocking to crypto is because of the over $30 TRILLION dollar debt the US has.7. It looks like Grayscale is creating an ETF. This could add more to the potential for a Bitcoin boom on the horizon.8. Shiba Inu has been added to Paribu. One of the most popular exchanges in Turkey.9. The Indian Rupee is about go digital and India is also about implement their 30% tax on crypto that I told you about yesterday.Solana has launched SolanaPay, a new point of sale system that will allow merchants to directly accept payments in Solana. Interesting.10. Our new NFT is up on OpenSea! https://opensea.io/assets/matic/0x2953399124f0cbb46d2cbacd8a89cf0599974963/70107227251895808812277070274325079555192346213643448933819430980363338383361/🔴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.