LIVEStephen Mac Xavier
@Super_Stephen_Crypto
crypto analyst, enthust and conservationist.🌹
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During a recent interview with Bloomberg, Jamie Dimon, the CEO of JP Morgan, reiterated his long-held belief that Bitcoin is a “public decentralized Ponzi scheme." Dimon expressed his skepticism about Bitcoin's potential as a currency, stating that he has always maintained his view that it lacks prospects in that regard.
In addition, Dimon called Bitcoin a fraud, saying, “if you mean crypto like Bitcoin, I’ve always said it’s a fraud.” However, he did acknowledge the value of blockchain technology and smart contracts, recognizing their potential applications. Dimon clarified that if a cryptocurrency can offer something useful like smart contracts, which hold inherent value, then blockchain technology has a purpose. He said: “to the extent crypto is accessing certain blockchain things, that might have some value.”
While Dimon sees potential in blockchain and smart contracts, he has consistently criticized Bitcoin, associating it with illicit activities such as anti-money laundering, and terrorism financing. He has previously stated that if these negative use cases cannot be resolved, regulators should intervene and shut down Bitcoin. However, this would be a challenging task considering the widespread network of over 20,000 Bitcoin nodes currently operating.
Despite Dimon's critical stance on Bitcoin, JP Morgan has become an "authorized participant" in several spot Bitcoin exchange-traded funds (ETFs) offered by BlackRock, Invesco/Galaxy Digital, and Fidelity. In a report released in December, a JP Morgan analyst expressed doubts about the long-term impact of Bitcoin ETFs on the market and predicted that Ethereum would outperform Bitcoin in 2024.
#bitcoinhalving #write2earn🌐💹 #write2earn🌐 #dropaTip
In addition, Dimon called Bitcoin a fraud, saying, “if you mean crypto like Bitcoin, I’ve always said it’s a fraud.” However, he did acknowledge the value of blockchain technology and smart contracts, recognizing their potential applications. Dimon clarified that if a cryptocurrency can offer something useful like smart contracts, which hold inherent value, then blockchain technology has a purpose. He said: “to the extent crypto is accessing certain blockchain things, that might have some value.”
While Dimon sees potential in blockchain and smart contracts, he has consistently criticized Bitcoin, associating it with illicit activities such as anti-money laundering, and terrorism financing. He has previously stated that if these negative use cases cannot be resolved, regulators should intervene and shut down Bitcoin. However, this would be a challenging task considering the widespread network of over 20,000 Bitcoin nodes currently operating.
Despite Dimon's critical stance on Bitcoin, JP Morgan has become an "authorized participant" in several spot Bitcoin exchange-traded funds (ETFs) offered by BlackRock, Invesco/Galaxy Digital, and Fidelity. In a report released in December, a JP Morgan analyst expressed doubts about the long-term impact of Bitcoin ETFs on the market and predicted that Ethereum would outperform Bitcoin in 2024.
#bitcoinhalving #write2earn🌐💹 #write2earn🌐 #dropaTip
WIF rises 3%, shIB drops 7% in 24 hours: ‘Memecoin mania’ ends?
WIF rises 3%, SHIB drops 7% in 24 hours: ‘Memecoin mania’ ends?
As Shiba Inu bleeds, dogwifhat gains bullish momentum and rises by more than 3%.
Bearish sentiment around WIF was dominant despite the price rise.
While most cryptos, including trending meme coins, bled, dogwifhat [WIF] performed differently as its price chart turned green in the last 24 hours.
On the other hand, Shiba Inu [SHIB], the second-largest meme coin, was down by over 7% during the same period.
WIF’s recovery looks remarkable
After a sharp drop on the 14th of April, WIF’s price gained bullish momentum and quickly recovered.
Though the meme coin’s price had fallen by more than 20% last week, it was among the handful of cryptos that managed to push its price up by over 3% in the last 24 hours.
According to CoinMarketCap, at the time of writing, WIF was trading at $2.81 with a market capitalization of over $2.8 billion.
Unlike WIF, SHIB remained bearish. The meme coin’s value sank by over 7% in the last 24 hours. At press time, it was valued at $0.00002232 with a market cap of $13.15 billion.
Not only did WIF outshine SHIB on the price
What’s going on with Shiba Inu?
While most metrics looked bullish on WIF, the same can’t be said for Shiba Inu. AMBCrypto’s analysis of Santiment’s data pointed out that SHIB’s MVRV ratio dropped.
Meanwhile, its NVT Ratio spiked, suggesting that SHIB was overvalued. This can cause the meme coin’s price to plummet further.
Nonetheless, SHIB’s Supply on Exchanges dropped, indicating buying pressure on it was high.
Please do well to give a tip. The tip will go along way to help restore the internet and teach crypto trading.
Thanks
#write2earn🌐💹
WIF rises 3%, SHIB drops 7% in 24 hours: ‘Memecoin mania’ ends?
As Shiba Inu bleeds, dogwifhat gains bullish momentum and rises by more than 3%.
Bearish sentiment around WIF was dominant despite the price rise.
While most cryptos, including trending meme coins, bled, dogwifhat [WIF] performed differently as its price chart turned green in the last 24 hours.
On the other hand, Shiba Inu [SHIB], the second-largest meme coin, was down by over 7% during the same period.
WIF’s recovery looks remarkable
After a sharp drop on the 14th of April, WIF’s price gained bullish momentum and quickly recovered.
Though the meme coin’s price had fallen by more than 20% last week, it was among the handful of cryptos that managed to push its price up by over 3% in the last 24 hours.
According to CoinMarketCap, at the time of writing, WIF was trading at $2.81 with a market capitalization of over $2.8 billion.
Unlike WIF, SHIB remained bearish. The meme coin’s value sank by over 7% in the last 24 hours. At press time, it was valued at $0.00002232 with a market cap of $13.15 billion.
Not only did WIF outshine SHIB on the price
What’s going on with Shiba Inu?
While most metrics looked bullish on WIF, the same can’t be said for Shiba Inu. AMBCrypto’s analysis of Santiment’s data pointed out that SHIB’s MVRV ratio dropped.
Meanwhile, its NVT Ratio spiked, suggesting that SHIB was overvalued. This can cause the meme coin’s price to plummet further.
Nonetheless, SHIB’s Supply on Exchanges dropped, indicating buying pressure on it was high.
Please do well to give a tip. The tip will go along way to help restore the internet and teach crypto trading.
Thanks
#write2earn🌐💹
Four Whales Sell 5.68 Million WIF After Market Downturn.
According to Foresight News, four major cryptocurrency holders, known as 'whales', have sold 5.68 million WIF, equivalent to approximately $12.41 million, following a market downturn. The 9WHHoq address sold 3.12 million WIF at $2.35 each, converting it into 7.34 million USDC.
The BdvbXr address sold 1.016 million WIF at $1.9 each, converting it into 1.93 million USDC.
The 85Abtu address sold 905,074 WIF at $2.08 each, converting it into 1.88 million USDC. Lastly, the DpJGh2 address sold 641,598 WIF at $1.97 each, converting it into 1.26 million USDC.
This move by the whales comes in the wake of a market slump, indicating a possible strategy to mitigate losses or secure profits.
#WIF #BinanceLaunchpool #write2earn🌐💹
According to Foresight News, four major cryptocurrency holders, known as 'whales', have sold 5.68 million WIF, equivalent to approximately $12.41 million, following a market downturn. The 9WHHoq address sold 3.12 million WIF at $2.35 each, converting it into 7.34 million USDC.
The BdvbXr address sold 1.016 million WIF at $1.9 each, converting it into 1.93 million USDC.
The 85Abtu address sold 905,074 WIF at $2.08 each, converting it into 1.88 million USDC. Lastly, the DpJGh2 address sold 641,598 WIF at $1.97 each, converting it into 1.26 million USDC.
This move by the whales comes in the wake of a market slump, indicating a possible strategy to mitigate losses or secure profits.
#WIF #BinanceLaunchpool #write2earn🌐💹
I have lost a lot of my savings, who can help me get back to trading.
The market is challenging and also rewarding .
The market is challenging and also rewarding .
Egypt Has Officially Permanently Ditched the US Dollar
Egypt has decisively severed its reliance on the US dollar, aligning itself with the BRICS bloc’s strategic move towards de-dollarization.
This bold maneuver signals a broader geopolitical realignment. By joining forces with BRICS, Egypt is charting a new course that deviates from the traditional economic paradigms dominated by the dollar.
#Write2Earn #TrendingTopic #VET #BTC #CKB
Egypt has decisively severed its reliance on the US dollar, aligning itself with the BRICS bloc’s strategic move towards de-dollarization.
This bold maneuver signals a broader geopolitical realignment. By joining forces with BRICS, Egypt is charting a new course that deviates from the traditional economic paradigms dominated by the dollar.
#Write2Earn #TrendingTopic #VET #BTC #CKB