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Wesley Messamore



Articles by Wesley Messamore

Can Litecoin Reenergize Users With New MimbleWimble Upgrade? (Opinion)

11 hours ago

Litecoin has launched the new privacy-focused MimbleWimble upgrade. The changes have proliferated across the network for use by LTC wallets and nodes. Will it bring new enthusiasm to the flagging PoW coin?
Released earlier this month after a majority of nodes approved the MimbleWimble (MWEB) update, the upgraded implementation will be able to transact with new MWEB privacy features. The upgrade was completed at Litecoin block height of 2 million.
Lower Fees, More Privacy, Throughput, and Scalability for LTC
In the wake of MimbleWimble’s release, the update’s lead developer, David Burkett, had an urgent announcement for Litecoin node operators:
“Anyone interested in using the MWEB, and especially those who installed one of the earlier release candidates, should upgrade to

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Warren Buffett’s Advice for Beating Inflation is Actually the Key to Bitcoin’s Success (Opinion)

8 days ago

At the annual Berkshire meeting last week, Warren Buffett continued to balk at Bitcoin’s history-making ROI over the last decade. But the investing legend also gave advice to beat inflation which is precisely what makes Bitcoin so valuable.
The investment news world has been filled with responses to Warren Buffett’s latest remarks heaping scorn on Bitcoin. The legendary investor took his notorious “rat poison squared” insult from 2018 a step even further.
From the day Buffett made that joke in May 2018 until this weekend, Bitcoin’s price has returned investors a yield of roughly 300% ROI, even with the market drastically capitulating this year since last November’s all time highs.
Warren Buffett Won’t Buy all BTC for $25
At the 2022 Berkshire Hathaway annual shareholder

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Tether Has No Plans to Go Public: CTO Paolo Ardoino (Exclusive Interview)

12 days ago

The leading stablecoin by market capitalization — backed by reserves of cash and money market cash equivalents — USDT has a market cap of approximately $83 billion at the time of this writing.
Paolo Ardoino is the chief technology officer (CTO) for Bitfinex and its stablecoin, Tether (USDT). Paolo is a well-known full-stack programmer with deep experience in the financial sector (FIX protocol, Bloomberg API), he describes himself as an innovative computer scientist and creative geek. He’s been with Bitfinx for nearly eight years.
He’s also a gregarious and vocal proponent of the stablecoin project online, not shying away from fielding questions and criticisms on Twitter.
During the Paris Blockchain Week conference this April, CryptoPotato met up with Ardoino and discussed

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Crypto Companies Amid Earning Season: Numbers to Look Out for (Opinion)

13 days ago

Stock traders and investors who actively manage their portfolio are busy anticipating and scanning the quarterly filings every earnings season, beginning about two weeks after the end of each annual quarter.
Crypto stocks, shares in companies built around cryptocurrency, or having high exposure to the digital asset market are no different.
Crypto Companies to Release Earnings Reports
As required by the SEC, corporations with listed stocks publish earnings reports about the previous quarter, projections of future earnings, and guidance about the company’s overall situation and position in the market.
Investopedia explains why it’s important:
“This is a very active time in the market as participants (analysts, traders, and investors) review the earnings reports, which may

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NFTs Will Play a Critical Role and Translate into Transferable Credentials: HBAR’s Alex Russman (Interview)

13 days ago

As a part-time philosopher of digital fashion, identity, and ownership, he gave a notable keynote address in 2020 on fashion, gaming, and blockchain while directing business development for Enjin, the team behind the ERC-1155 multi-token smart contract standard.
At the Paris Blockchain Week conference in April, CryptoPotato got the chance to talk to Alex Russman, Director of Hedera’s Consumer Engagement Fund, about the future of Web3, NFTs, HBAR, as well as the growing hype around the metaverse – especially HBAR’s $250M metaverse fund.
Alex Russman Wearing Digital Clothing. Source: TwitterHBAR Modeled After Visa
Hedera Hashgraph is a decentralized Proof of Stake (PoS) network built to power and govern a digital economy of Dapps, with a proprietary underlying technology and

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An Nvidia RTX 3090 Mod Could Reportedly Make GPU Crypto Mining More Efficient

28 days ago

A PC gaming electronics researcher made headlines in the PC world this week after finding a way to boost the computational efficiency of the Nvidia RTX 3090 card per kWh. That could save the GPU crypto mining community some coin on the electric bill.
In Chemnitz, Germany, a one-man hobbyist PC gaming researcher by the name of Igor Wallossek recently found a way to cut the power consumption of the Nvidia RTX 3090.
A report about the home lab electronics caper by Hassan Mujtaba for WCCF Tech explains why this is a breakthrough for anyone who uses the GPU:
“NVIDIA’s GeForce RTX 3090 Ti graphics card is without a doubt the most power-hungry graphics card ever launched, sipping over 500 Watts of power and requiring insanely massive GPU cooling solutions to keep the heat in

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These 9 S&P 500 Companies Accept Bitcoin for Payment in 2022

29 days ago

Over the week, several major news outlets ran stories covering the basics of cryptocurrencies like Bitcoin.
One by CBS news claimed, “Crypto is not easy to spend.” That might have been true just five years ago, but in 2022, many national chain stores already accept Bitcoin.
Here is a list of nine companies that accept bitcoin for payment today.
Cryptocurrency Payments Infrastructure is Already Here
The following paragraph from the CBS Sunday Morning News article gives the impression that using your bitcoin to buy things people buy every day is some kind of big hassle:
“For now, you’ll have a really hard time spending it! Go to a pet store, a bodega, or a hot dog cart, and you’ll find it very hard to buy something with a cryptocurrency. One of the few stores that accept

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Brazil’s Push to Crypto Adoption and What Does it Mean (Op-Ed)

29 days ago

This week lawmakers in Brazil pushed to advance a bill that would legalize and regulate cryptocurrency— the National Congress of Brazil’s House bill 4401/21.
Senator Iraja Abreu, who sponsored a Senate version of the bill (Senate bill 3825/19), dropped his version in favor of the House bill, carrying some provisions over to 4401-21.
Bom Trabalho! (That’s Portuguese for “Good work!”)
Employing some deft parliamentary maneuvering, Abreu advanced the bill through Brazil’s legislative process. That’s because the Chamber of Deputies (Brazil’s lower house) has already approved 4401/21, so now it only needs to make it through the Federal Senate to get the full legislature’s sign-off to become law. (It’s already been approved by the Brazilian Senate’s economic affairs committee).

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The Rise of Bitcoin in El Salvador Portends a New US Foreign Policy Toolkit (Op-Ed)

April 10, 2022

US Rep. Norma Torres (D-CA) introduced the Senate Accountability for Cryptocurrency in El Salvador Act (ACES) Monday. Rep. Rick Crawford (R-AR) co-sponsored the bill.
Rep Torres averred:
“El Salvador’s adoption of Bitcoin is not a thoughtful embrace of innovation, but a careless gamble that is destabilizing the country.”
The bill instructs the State Department and heads of other US federal departments and agencies to study the adoption of bitcoin in the Pacific Central American nation and report to Congress within 60 days of passage.
Credible Concerns
ACES seeks recommendations for cyber and national security and to protect US interests abroad, including the US Dollar’s reserve currency status.
The bill made it to the US House just as Nayib Bukele took drastic measures in

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The First US State to Adopt Bitcoin Will Make Huge Gains (Op-Ed)

April 10, 2022

The United States could lose its preeminent financial and political influence in the world as other sovereign powers make haste to legalize and adopt Bitcoin as their reserve currency.
The threat to America is not merely a matter of leaving an (increasingly plausibly) enormous amount of money on the table. Bitcoin is the largest ever deployment of strong public-key cryptography in history to secure a financial system that is growing parabolically.
The cryptocurrency has innumerable use cases for fundamentally reordering and securing the world’s energy infrastructure. Joining the Bitcoin hashpower and accumulation race is a matter of modern cyber warcraft. Strong cryptography has always in practice been a weapon of warfare and is legally regarded by governments as

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Scientists Finish Sequencing the Human Genome: Here’s How Blockchain Can Fit (Op-Ed)

April 9, 2022

The Human Genome Project started in 1990. By 2003, with 92% of the genome sequenced, the project was declared complete. This year tech advances have finished the other 8%. Blockchain tech like NFTs can use the information from this marvelous project to build new, better biotech products for humanity.
The achievements of the human DNA research were published in the journal Science on Thursday. The UC Santa Cruz-based Telomere-to-Telomere (T2T) Consortium, an open, community-based effort with a team of nearly 100 scientists, announced it is ready to present the complete human genome for the first time in history.
The Connection Between Medial Researchers, Blockchain, DNA
The open, peer-reviewed, project-focused, humanitarian community of scientists has an ethos that many in

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How the $35M Fractal Just Raised Could Rock the NFT Space (Op-Ed)

April 3, 2022

The announcement came on April 1, but it was no joke. Neither was the amount raised, $35 million USD, a tidy sum. Justin Kan dropped a hint of what was ahead for Fractal last month, tweeting, “Yeah, I built Twitch, it has millions of users & gaming NFTs are way bigger.”
Ten days before launching the NFT marketplace on Dec 30 last year, Fractal announced the launch, and by the time it went live, the Fractal Discord had accumulated some 107,000 followers, according to Kan in an interview with GamesBeat.
Paradigm and Multicoin Lead $35M Seed Round
Along with Menlo Park, California-based Andreeson Horowitz, Solana Ventures, Coinbase, Animoca Brands, Play Ventures, Position Ventures, Zynga founder Mark Pincus, Crossover, Shrug Capital, TerraForm CEO Do Kwon, Tim Ferriss, and

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Will Tim Cook’s Apple Pay Push Slow Bitcoin Adoption? (Op-Ed)

April 2, 2022

The California Macintosh and iPhone maker is in the process of ramping up its proprietary financial services technology and increasing Apple’s lending to iPhone users of Apple Pay.
This is according to a Bloomberg report from earlier this week.
The Cupertino high-tech giant sounds serious about the project, dubbing the effort “Breakout” and seeking to replace its fintech partners with in-house solutions and infrastructure to bolster payments processing, credit checks, and other financial services.
Apple CEO Tim Cook Eyes Apple Pay Growth
That could scoop up a tidy sum of future profits from payments alone, as well as greater user enrollment into Apple’s “walled garden” of native apps and products. According to The Verge, there are over 1 billion active users of Apple

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Intel Arc GPU, Moore’s Law, and Crypto Mining in 2022

April 2, 2022

Intel’s new gaming chip is now available on laptops, and it’s being hailed by some in the crypto industry as a major disruptor to the cryptocurrency mining hash race.
Here’s a short primer on Moore’s Law from Intel:
“In 1965, Gordon Moore made a prediction that would set the pace for our modern digital revolution. From careful observation of an emerging trend, Moore extrapolated that computing would dramatically increase in power, and decrease in relative cost, at an exponential pace.”
Will the inexorable march of Moore’s Law lead to swift democratization of hash power on cryptocurrency networks, with home gaming computers and consoles making massive earnings spinning away at SHA-256 questions when they’re not busy creating visually lush, simulated environments for players

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Hedge Fund Chief’s Inflation Prediction And What it Could Mean for Crypto (Opinion)

November 30, 2021

In a CNBC interview over the week, a major hedge fund manager predicted that “massive inflation” will lead the Fed to hike interest rates six times by 2024. Crypto traders are keeping a close watch on the macro-financial environment as they wrap up another volatile month.
Federated Hermes has over $600 billion in assets under management. Phil Orlando, the investment firm’s chief equity strategist, has been a long-time stock market bull but expects the big changes at the Federal Reserve to dampen this year’s surging stock market rally.
Orlando: Big Inflation and Fed’s Actions
Speaking to Stephanie Landsman on CNBC’s “Trading Nation” Wednesday, Orlando projected a slew of rate hikes ahead, but probably not until Q3 of next year:
“Our best guess is that we will see two

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Fed Balance Sheet Hits $8.357 Trillion, Is It Hastening Crypto Adoption? (Opinion)

September 13, 2021

This week the U.S. Federal Reserve’s balance sheet charted another all-time high. At an astounding $8.357 trillion, are the rapidly growing assets of the Fed speeding crypto adoption?
The Federal Reserve publishes updates to its balance sheet numbers every seven days. This week’s report was a doozy, revealing another $8 billion in assets purchased over the period.
The U.S. central bank has been busily hoovering up mortgage-backed securities and Treasury bonds, buying them with new dollars it creates at its own discretion.
Fed Balance Sheet Hits New Record High
The Fed’s balance sheet now stands at an incredible $8.357 trillion. Are we looking at a dollar bubble in the making? “There is no end in sight,” remarked crypto proponent Anthony Pompliano.
Source: Board of

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Bitcoin’s Price Has Correlated With US Stocks for The Last Month

September 11, 2021

Over the last month, Bitcoin’s price (BTC) has correlated tightly with stocks. Here’s what could be causing it.
The last week saw hundreds of billions of dollars wiped from the cryptocurrency industry’s overall market cap. Bitcoin’s price is down 8.8% over the last 7 days. Ethereum’s price (ETH) is down 15.4%. Binance Coin BNB) is down a further 17.9% over the same period. And pity the Dogecoin holder (DOGE) who bought last Saturday for a 20% loss by today.
In fact, all of the top ten cryptocurrencies by market cap, other than Solana (SOL), are in the red for the week.
Why Is Bitcoin’s Price Falling With Good News?
The market route has tempted a central bank governor to issue another one of those Bitcoin obituaries. But cryptocurrency traders could be forgiven for thinking

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El Salvador Officially Becomes First Country to Buy Bitcoin with Initial 200 BTC Purchase

September 6, 2021

President Nayib Bukele announced the milestone on Twitter, telling followers his country “just bought its first 200 coins.”
Bukele noted the Central American nation will be buying more bitcoin as the deadline approaches to make El Salvador the first nation to officially recognize a cryptocurrency as legal tender. The president tweeted early Monday afternoon:

El Salvador has just bought it’s first 200 coins.
Our brokers will be buying a lot more as the deadline approaches.#BitcoinDay #BTC??
— Nayib Bukele ?? (@nayibbukele) September 6, 2021

At the current bitcoin price of $52K for 1 BTC, the purchase is worth approximately $10.4 million.
History Made With 200 BTC Purchase
Bukele also expressed gratitude toward the blockchain technology and Bitcoin industry for the

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COVER Isn’t Covered: Devs Abandoned the DeFi Insurance Protocol, Token Plunged 16%

September 5, 2021

Following the announcement by core contributor “DeFi Ted,” COVER price plummeted 16% as trading volumes soared. Cover Protocol, a DeFi insurance cryptocurrency minted on Ethereum, will no longer receive support and development after engineers in the core team left suddenly.
The insurance coin’s core contributor, “DeFi Ted” announced the project would be shutting down early Sunday morning. COVER had a market cap of around $21 million at the time he made the announcement. Within hours, the price fell over 16%, from $269 to the low $220s as of writing these lines.
24-hour trading volumes surged from below $4 million to nearly $20 million as COVER holders scrambled to exit. DeFi Ted advised coin holders to “withdraw any funds from both protocols asap, as we can no longer

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Vitalik Buterin Tells How Jack Dorsey’s TBD Might Build the Bitcoin DEX

August 31, 2021

The success of DeFi (decentralized finance) blockchain apps has not escaped the notice of Square Payments (NYSE: SQ) CEO Jack Dorsey.
The engineer, businessman, and BTC advocate recently announced that his blockchain project, TBD, will enter the space by creating a Bitcoin DEX.
Vitalik Buterin “Skeptical” About Bitcoin DEX
In a recent interview, Ethereum co-founder Vitalik Buterin told Bloomberg Technology he wasn’t very impressed with the new endeavor.
Buterin thinks it fundamentally lacks a sense of the qualitative difference between Bitcoin and smart contract, Turing-complete chains like Ethereum among a growing field of others continuing to attract millions in capitalization.
Buterin said:

“I’m skeptical about these decentralized, finance-on-top-of-Bitcoin type of

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Not Just MicroStrategy, These Corporations Hodl: Top 10 Stocks With Exposure to Bitcoin

August 29, 2021

Microstrategy just bagged $177M more BTC between July 1st and August 23rd. That brings Michael Saylor’s company’s total hodlings to $5.3 billion USD worth of bitcoin. Other big corporate buyers include Tesla, Square, and Galaxy Digital Holdings.
The business intelligence company can’t get enough bitcoin. And it’s not the only extremely relevant and proactive company in the high tech or investing sector to be this incredibly bullish Bitcoin. In fact, Michael Saylor says he was one of the influences on Elon Musk that led to Tesla piling bitcoin into its balance sheet.
Here are 10 more publicly traded companies that give any investor’s stock portfolio equity exposure to bitcoin’s price growth as well as corporate innovation and enterprise in one instrument:
1. Tesla (NASDAQ:

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How the Life of El Salvador’s People Could Change Following Bitcoin Legalization in 10 days (Opinion)

August 28, 2021

El Salvador will, in ten days, adopt Bitcoin as an official currency. It’s making massive investments in projects to develop end-user products to hold and spend bitcoin. The opportunities of this venture are enormous, though some warn there are risks.
El Salvadorians Will Soon Find Imports Attractive
Because Bitcoin is a deflationary cryptocurrency, and the oldest blockchain with the most of its limited currency already mined, and especially given the history of the BTC price since its inception in 2009, it’s easy to see a future for El Salvador of suddenly increasing purchasing power against other countries’ currencies.
That’s especially so given the rate at which most central banks are devaluing their currency, while Bitcoin’s supply is not only limited, but new coins

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Industry Grows Lobbying Efforts as U.S. House Takes Up Crypto Tax Proposal (Opinion)

August 26, 2021

With the gargantuan $1 trillion U.S. infrastructure bill in parliamentary limbo, the fate of the crypto tax proposal tacked onto it remains in question. Meanwhile, the cryptocurrency industry is getting organized with a new sense of urgency to lobby and campaign.
The Senate has passed the trillion-dollar bipartisan infrastructure package without an amendment hoped for by cryptocurrency industry stakeholders and blockchain-friendly delegates in Congress.
But the fate of the infrastructure bill is tied to the U.S. House Democrats’ $3.5 trillion spending package potentially for weeks. That gives the cryptocurrency industry time to focus its efforts on educating members of Congress and lobbying against legislation that is unfair or unclear.
U.S. House Has Crypto Tax Proposal

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Infrastructure Bill Will Hasten USD Devaluation and Bitcoin Hedging (Opinion)

August 25, 2021

The $1 trillion bipartisan infrastructure bill in the U.S. Congress is currently on pause until Sept 27th or later. Meanwhile, House Democrats want to spend $3.5 trillion. After $6 trillion in Covid appropriations in 2020. Here’s why that’s a favorable macro environment for crypto.
The fate of the relationship between the U.S. and cryptocurrency is wrapped up in the $1 trillion bipartisan infrastructure appropriations bill. The resolution of a contentious tax rule inserted as an amendment to the gigantic infrastructure package will determine both the government’s stance toward the industry and the nature of the sector’s tax obligation to the IRS.
But setting that aside, the sheer force of fiscal magnitude exercised by the U.S. Congress in moving to pass this bill, with the

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PayPal Mafia Goes Full USD Bear Jacket: What Does it Mean for Crypto (Opinion)

August 24, 2021

Palantir says it’s preparing for a black swan event with its massive gold purchase this month. Bloomberg reports the company also accepts bitcoin and gold as payment, but no one has paid in either.
The Peter Thiel cloud computing company is also interested in accumulating bitcoin, Per a recently report:
“The company spent $50.7 million this month on gold, part of an unusual investment strategy that also includes startups, blank-check companies, and possibly Bitcoin. Palantir had previously said it would accept Bitcoin as a form of payment before adding precious metals more recently. A spokeswoman for Palantir said no one has yet paid in either Bitcoin or gold.”
Palantir Technologies (PLTR) disclosed in its Aug 12 earnings report that the big data analytics and intelligence

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PayPal Co-Founder Warns: Get Ready for Big Tech ‘No Buy’ List

August 9, 2021

PayPal’s co-founder, David Sacks, recently warned that big tech companies and political operatives are on the verge of creating a “No-Buy” list for controversial creators, platforms, and firms. Cryptocurrency was invented in part to solve problems like this.
Sacks warned readers of Common Sense with Bari Weiss on Substack that large corporate payment processors, including PayPal, are hard at work to build what is, in essence, a “No-Buy” list, a play on “No Fly” lists. Sacks says the difference is that this financial censorship isn’t the work of the government. Instead, its activist organizations with an apparent political agenda coordinated together with a consortium of private companies.
David Sacks, Source: VoxPayPal, Big Tech Financial Censorship on The Rise
He clearly

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U.S. Senators Deal on Contentious Crypto Amendment Has Failed (Updated)

August 9, 2021

Key senators have reached an agreement on IRS reporting rules for cryptocurrencies, U.S. Senator Rob Portman (R-OH) announced in a tweet Monday. The industry and regulators await further details, but it looks like lawmakers have found clarification on who is and isn’t a broker in the blockchain business.
UPDATE: The Amendment Has Failed
As of August 9, 20:30 UTC, The proposed crypto amendment had failed, as Senator Richard Shelby (R-AL) has objected to the compromise amendment.
According to Lawyer Jack Chervinsky, “He didn’t get his own amendment for $50b in defense spending, so he’s against all others. Unless he changes his mind, that’s it. The compromise amendment is dead.”
Crypto Amendment Was Nearing Finalization in Senate
Sen. Portman said in a tweet early Monday

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Recently Reported Tether DOJ Probe Isn’t Necessarily Bad for Bitcoin (Opinion)

August 1, 2021

Though the Justice Department declined to comment for the article, Bloomberg was able to report last week that the DOJ is investigating U.S. banks and the backers of popular stablecoin USDT. There is some ongoing speculation about how this might affect bitcoin’s price.
What’s Supposedly Going on With Tether and the DOJ?
The Justice Department is reportedly seeking to determine the extent of U.S. banks’ knowledge of Tether Limited’s business and the prolific use of its stablecoin to buy other cryptocurrencies like bitcoin (BTC) and ether (ETH). According to Bloomberg, the focus of the probe is on conduct from years ago, when Tether was still new, and is concerned with whether the company concealed from its banking partners that transactions were linked to crypto.
Bloomberg

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Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

January 24, 2021

A Fortune magazine story about bitcoin began making the rounds Friday. In it, senior Fortune and Data Sheet writer Aaron Pressman cops to tripling his money in bitcoin– then losing half of it.It’s a cautionary tale alike for prudent long-term investors in cryptocurrency and day traders who are very smart at getting very stupid with money. The endlessly interesting and complicated question: “Where is bitcoin’s price going next?” is no idle curiosity. It’s a question with a lot of zeroes on it.Here’s a tweet from an extremely early adopter that aged painfully and humorously as only hindsight this pain can be. It’s from 2011. So he was an absolute lunatic to give up a dime for something that admittedly did look the part of an obvious Internet scam. Bitcoin still looks that way today if you

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Dear J.K. Rowling, Bitcoin Is Just Like Harry Potter

May 16, 2020

Friday was a big day for Bitcoin Twitter. Harry Potter author J.K. Rowling asked Twitter to explain the cryptocurrency to her. All the big whales on Bitcoin Twitter jumped into the thread to offer various explanations and summaries to the legendary fantasy writer.J.K. Rowling asks Twitter to explain Bitcoin. | Source: TwitterElon Musk even chimed in:Source: TwitterSince Rowling ultimately concluded in the threads that followed that she just couldn’t understand Bitcoin no matter how people try to explain it, here are some Bitcoin explanations in Harry Potter terms.Dear J.K. Rowling,Bitcoin Is Like The Philosopher’s StoneBitcoin is like the Philosopher’s Stone. It has the power to turn any metal into gold and to produce a potion of immortality. Bitcoin takes the metal and silicon of

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