$BTC
Polymarket in turmoil. Crypto betting platform (or prediction markets), Polymarket is currently in the spotlight, but not for the right reasons.
The U.S. Department of Justice has launched an investigation into the company for allegedly allowing American users to place bets on its platform, an activity considered illegal in the United States. The case raises questions about the legality of crypto betting platforms and highlights the regulatory challenges facing these companies.

On November 5th, all eyes were on the USA awaiting the outcome of the presidential elections which pitted <t-11/>#donaldtrump against Kamala Harris.

While speculation on Polymarket showed a rapprochement between the two candidates, the verdict that emerged later showed a large victory for Donald Trump.

The spectacular return of the former President of the United States brings a great breath of hope for the wider adoption of cryptocurrencies. In fact, the crypto industry has encountered several obstacles during its development in recent years, particularly in the United States. These setbacks with the SEC have generated a climate of pessimism about the future of this financial revolution.

Michael Burry is an American investor and hedge fund manager. He is best known for predicting the 2008 subprime mortgage crisis and successfully profiting from it by betting against the US housing market.

Burry began his career in medicine, but later studied finance and founded his own investment management firm, Scion Capital, in 2000. He became famous for spotting the risks of the US housing bubble as early as 2005, before the crisis erupted in 2008. He then took short positions in the subprime mortgage market, making huge profits.

An ECB paper explains that early adopters of bitcoins are stealing from later adopters as they profit from the price increase linked to adoption.
This is not a tulip prize, but we will have to think about creating a Stalin prize...

Where is the mistake? Basically, why did the "early adopters" legitimately make money?
The answer is obvious: The market compensated them for taking the risk.
More fundamentally, this is the definition of speculation: Making a projection into the future to anticipate a movement in prices or value.

➡️ A few weeks before the American presidential election, Donald Trump and his family unveil their latest project in the world of cryptocurrencies: World Liberty Financial, a decentralized finance platform.

➡️ This new initiative will be available from this Tuesday at 2 p.m. in the United States 🇺🇲 and the United Kingdom 🇬🇧, reserved for qualified investors with at least $1 million in assets.

➡️ The objective of this platform is to accelerate the adoption of cryptocurrencies by offering an alternative to traditional banks, thanks to a simple, accessible interface managed by its users.

This week, there are several economic and geopolitical events that could significantly influence the price of BTC. Here are the four main factors to watch:

1️⃣ OPEC Monthly Report: Scheduled for Monday, this report will provide crucial information on oil production and global demand forecasts. Oil price fluctuations can have an indirect impact on the crypto and Bitcoin market as they influence energy costs and overall economic perceptions