Bitcoin is Rat Poison

Crypto Bytes
DIGESTIBLE CRYPTO NEWS + PODCAST


In the next 10 years there will be more digital currencies than fiat currencies, In 25 years, BTC may become a global currency.”

Anthony Pompliano, 2019

MOON
Who’s up…

Samsung Doubling Down On Crypto… South Korean technology giant Samsung has invested 2.6 million euros ($2.9 million) into crypto hardware startup Ledger. This news follows their recent announcement that the Samsung S10 will be equipped with a crypto wallet.

‘Crypto Winter’ Is Over… Bitcoin bull Tom Lee says ‘crypto winter’ is over and new all-time highs by 2020 are ‘likely’. Of the 11 signs that the crypto winter is over, Lee’s top bullish drivers for bitcoin have to do with blockchain, technical indicators and trading volumes.

Takeaways: The sentiment towards Bitcoin seems to be changing as experts have a positive outlook and is one of the best performing assets in 2019. Corporations are beginning to see the value and are investing for the next wave of innovation.

REKT
…Who’s down

2041 Recovery… According to an analyst at UBS – a Switzerland based International bank – Bitcoin may take up to 22 years to regain its previous dizzying highs based on the historical performance of similar asset bubbles…

Sorry Son… Softbank’s founder & billionaire, Masayoshi Son, lost a reported $130 million from buying bitcoin at the $20k peak and sold in early 2018. Don’t feel too bad, his net worth is still $24 billion.

Takeaways: To quote the legendary Warren Buffett, “Be fearful when others are greedy and greedy when others are fearful.” In other words buy low and sell high – and don’t follow the herd. Buffett advice could have saved Son millions if he didn’t get caught up in the crypto craze.

LAST WEEK MARKET MOVER’S

COIN OF THE WEEK
True USD (TUSD)

$0.99 +3.1%

LEADERBOARD
Matt_88: +24%

252 Fog Tokens

CRYPTO CELEBRITY

Doug Polk: -3.0%

RED FOG INDEX:

-7.9%

BITCOIN (BTC)

$5,272 -0.6%

CRYPTO BYTES PODCAST

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Episode 3: What is the value of Bitcoin?

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