EddieJayonCrypto
17 Jan 22
1. Bitcoin a. Asia is showing signs of BTC falling a little more, this is something to watch b. Even with the sluggish January so far, analysts are still speculating BTC will is due for a rise; this could be helped by adoption as legal tender around the world c. JP Morgan clients expect Bitcoin to b...
1. Bitcoin a. Asia is showing signs of BTC falling a little more, this is something to watch b. Even with the sluggish January so far, analysts are still speculating BTC will is due for a rise; this could be helped by adoption as legal tender around the world c. JP Morgan clients expect Bitcoin to be trading at $60K or more by year's end This is not quite the $100K others have been speaking about, but it is an expect uptrend d. Fidelity has gone on the record saying Countries that secure some Bitcoin today will be better off than their peers; begs the question of where is the US in this space? e. Bitcoin miners are back in the HODLing game; this can't be a permanent situation as they may start selling to cover expenses and take some profit, in my opinion f. Even with all of this, Bitcoin is still moving sideways2. Solana a. Bank of America has some positive things to say about Solana in a research note sent to clients; They site Solana's focus on low transaction fees and scalability that could make it the Visa of the digital asset ecosystem having processed 50 billion transactions in the past year compared to Visa's almost 165 billion b. There has also been an uptick in NFT activity on the platform with more projects getting started on the platform3. Crypto.com pauses withdrawals due to suspicious activity; they've requested everyone; the suspicious traffic pattern was actually caught by Dogecoin founder, Billy Markus, and others; some reports from customers were of "thefts"4. This news dropped early last week, but it is still worth mentioning; Chairman Powell says they are ready to make an announcement about rules governing crypto in the US and that information should be released within the next few weeks5. It was Nike that said in late November they were going to work with Roblox to build a new online word called Nikeland🔴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.