Latest 2022 CRYPTO CRASHING DUE TO *THIS* + Instagram Integrates Ethereum Solana Matic (7 Reason To Be Bullish)
that's making bitcoin go down well the u.s federal open market committee last week voted to raise interest rates by 50 basis points marking the biggest upward adjustment in over two decades is that it no that's not it but that's part of it why is bitcoin going down well TLDR runaway inflation war in Europe parabolic did raising interest rates s p and Nasdaq putting in new lows. the fact is the macro environment is risk-off and bitcoin and crypto are a risk on the asset class in the short term whales in full control so where does that leave us well in the cryptocurrency market for those uninitiated we're seeing extreme fear is extreme fear in the market now there was extreme fear in the market yesterday there was extreme fear in the market last week of the course. you know what they say if your investment thesis has not changed when there's fear in the air that's the time to get greedy when there's blood in the streets that's the time to buy so my question to you has your investor's thesis changed for bitcoin or ethereum or whatever it is for you for me no it hasn't kept my eye on the prize over three billion users coming to crypto by the end of the decade total global crypto users are in the orange total global internet users from 92 to o6 are in the white the technology adoption curve is still in growth mode and when you look into what's going on behind the scenes these are things we talk about on the channel nearly on a daily basis you come to understand that building integrations are getting put in place today that's going to be here for years down the line if not decades for instance this is really big.
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| Latest 2022 CRYPTO CRASHING DUE TO *THIS |
meta's Instagram Instagram to support nfts we already knew that the news is they will be supporting nfts from Ethereum from polygon from solana and from flow the social media powerhouse won't charge users for showcasing their crypto art find out the details and understand why this is big nfts from some of the most popular blockchain networks for crypto art are coming to Instagram with the announcement of a pilot as soon as Monday the pilot will feature a small group of nft aficionados based in the u.s it wasn't immediately clear whether Instagram would support nfts from all four chains at launch what we tend to see is Ethereum. first and then maybe polygon or Solana or maybe flow but Ethereum seems to always be one of the first Instagram intends to support widely used crypto wallets such as metamask plugging in their wallets users will be able to prove nft ownership showcase them on their profiles and tag creators who made them coin desk has confirmed Instagram will not charge users for posting and sharing nfts as Twitter initially did with its hexagonal nft profile picture in januar thimeans to me way more people will take advantage of it the decision likely spells a rush of.
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| Latest 2022 CRYPTO CRASHING DUE TO *THIS |
new cultural visibility for nfts Instagram has over 1 billion monthly active users many of whom use the platform to promote and market their art how about this google cloud forms web 3 team with a blockchain focus the division will primarily serve business customers looking to leverage blockchain google getting in is a big deal how about this Robinhood lists grayscale's bitcoin and ethereum products well wait a second i thought robin hood laid off nine percent of its workforce last month i thought we were seeing bearish things from robin hood well understand this yes robin hood laid off its workforce last month almost 10 but its crypto business is proceeding unabated this is the tl dr robin hood now supports the greyscale bitcoin trust and the greyscale Ethereum trust while its overall business has suffered. robin hoods crypto revenue grew from q4 2021 to q1 2022 grayscale has also submitted new crypto-based products to the sec for consideration of course we're talking about the spot etf but robin hood's crypto side of the business has not suffered and that is a big metric the fact is we have by pressure coming from so many different types of entities now compared to where we were two years ago four years ago definitely six years ago did you realize that terra is now beating tesla as the second-largest corporate bitcoin holder after their 1.5 billion purchased last week now you might be saying well wait a second terry ecosystem is facing pressure the stable coin just got de-pegged true terra's ust stable coin briefly lost its peg to the dollar earlier this morning due to intensified selling pressure and borrowing demand and it's important to note that terra did not sell one satoshi.
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| Latest 2022 CRYPTO CRASHING DUE TO *THIS |
terra did not sell one satoshi yes it briefly lost its peg it's getting battle-tested this is how we can have greater confidence in the future as these protocols get battle-tested like bitcoin's been battle-tested for 13 plus years but tara did not sell one satoshi the reason I bring this up is that lets a pivot and talk about what Cardano is doing do we have any Cardano fans in the audience let's update you on what's going on with their algorithmic stable coin Cardano set to onboard game-changing algorithmic stable coin rivaling terra's use the more types of these the better the more competition the better for us as users the concept of algorithmic stable coins has.
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