Is crypto headed for a 'Banana Singularity,' where everything goes up?
Episode description
Bitcoin fell a little further yesterday, dipping below $92,000 before beginning its recovery. However, something ahead looms large: It seems the US government may try to sell $6.5 billion in BTC before President-elect Donald Trump takes office. What would that mean for Bitcoin’s price? Also on Bitcoin, a judge in Wales has thrown out the case of the missing hard drive with $770 million of BTC on it! Elsewhere, one crypto commentator with a good track record predicts altseason is around the corner, and an art gallery is the target of a class-action lawsuit over an NFT collection it sold.
Further reading:
- Bitcoin speculators panic sell at $92K in 'good time for accumulation'
- US cleared to sell $6.5B in Bitcoin — Will it crash BTC price?
- UK judge dismisses $770M Bitcoin landfill hard drive case
- Crypto headed for ‘Banana Singularity’ where everything goes up: Analyst
- Art gallery argues NFT holders can’t sue it due to ‘market decline’
Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.
Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com
The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.