Crypto Bytes
DIGESTIBLE CRYPTO NEWS + PODCAST

– Tyler Winklevoss, 2019

MOON
Who’s up…

Bitcoin To $250k… Serial VC investor Tim Draper told FOX Business  in an interview on May 10, Bitcoin (BTC) will have a 5% market share of the entire world by 2023, a single coin would be worth $250,000. “I eventually want to have a fund where I take in bitcoin and I fund everybody in bitcoin and they pay their employees and suppliers in bitcoin and then I pay my investors in bitcoin,” he continued. Draper then stated: “Because I would then require no accounting, no legal, no bookkeeping, no custody — it would all be done.”

Open For Business… As of today, cryptocurrency is now accepted as payments at tens of thousands of merchants in the U.S. on the Flexa network. Top brands such as Whole Foods, Baskin Robbins, Lowe’s, and Nordstrom will now accept Bitcoin, Ethereum, Bitcoin Cash, and Gemini Dollar.

Takeaways: Corporations can no longer ignore cryptocurrencies. They need to adapt or be left in the dust. Facebook has been a hypocrite in their support for crypto since they plan to create their own coin yet ban crypto advertising. Was it their plan to just suppress the competition? Tim Draper is just another person with their price prediction of Bitcoin.

REKT
…Who’s down

Ban on Bitcoin… Congressman Brad Sherman, an outspoken critic of Bitcoin, is calling for a bill to ban all cryptocurrencies. The House Democrat from California says he’s looking to introduce legislation that will make it illegal for Americans to buy and sell crypto assets, an effort he believes will protect the country’s standing as a political and economic powerhouse.

Fool’s Gold… Peter Schiff, the stockbroker and financial commentator is well-known for his early warning market calls, particularly prior to the US mortgage crisis states “I don’t think bitcoin has anything in common with gold. I mean it tries to pretend to be gold, but I think it’s fool’s gold.” He doubles down by saying “bitcoin has no intrinsic value other than the fact that people are willing to buy it because they think they can sell it to somebody else at a higher price. That’s not money, that’s a Ponzi scheme.”

Takeaways: I have followed Peter Schiff for sometime now. He is a longtime gold supporter and investor. So it is in his best interest to bash any rival to gold. Click here to watch a great debate between Peter and the CEO of ShapeShift, Erik Voorhees. Binance hack came to a surprise being that it is one of the largest and respected exchanges in the world. Goes to show that you are better off storing crypto off exchanges. This weeks podcast explains proper ways to store crypto. Countries that ban bitcoin will open the opportunity to countries that support it.

LAST WEEK MARKET MOVER’S

CRYPTO BYTES PODCAST

COMING UP THIS WEEK

Everyday
15 Minute Coinbase Coins @ 12pm CST
30 Minute Takenrun’s Favorite Coins @ 3pm CST
Top 10 Power Hour @ 6pm CST
Level 0 Challenge @ 8pm CST
Tuesday

Game of Coins: Zclassic vs. Zcash @ 8am CST
Game of Coins: OmiseGo vs. Siacoin @ 8am CST

Game of Coins: BAT vs. Augur @ 8am CST
Game of Coins: Enigma vs. Verge @ 8am CST

Wednesday

Game of Coins: Bitcoin vs. Bitcoin Cash @ 8am CST

Game of Coins: Bitcoin SV vs. Bitcoin Gold @ 8am CST

Game of Coins: Ethereum vs. NEO @ 8am CST
Game of Coins: Cardano vs. Tezos @ 8am CST

RECENT RESULTS
Game of Coins: EOS vs. Ethereum
Ethereum: +4.29% (52% picked)
Game of Coins: NEO vs. Ethereum Classic
NEO: +2.65% (44% picked)
Game of Coins: TRON vs. Cardano
Cardano: +21.56% (63% picked)

Game of Coins: IOTA vs. Tezos
Tezos: +14.41% (43% picked)