Crypto Market Overview by Noozzle
🤑🤠🤤We start off with some bullish news as financial advisory firm Cannaccord Genuity preducts bitcoin will return to all time highs of $20,000 by 2021 based on retrospective analysis. Also pointed out by Canaccord are scheduled mining rewards as a cause of bullish momentum, although they provided obligatory clarifications that it is very difficult to predict and may not necessarily be reliable. It is a given that crypto is very volatile, but it has been a long time since we have seen these types of predictions coming from more reliable sources and not just John Mcafee.
🤷Our next article takes a closer look at Twitter and what could potentially give a bump to the slumping stock. As many of you know, Twitter’s CEO Jack Dorsey is a cryptocurrency bull, although ICOs and token sale topics are banned from Twitter, with “hot wallets” and “crypto exchanges” advertising being restricted. Some believe that if Twitter were to potentially create their own crypto, or change their stance towards the rest of the industry it could help srit some interest and boost relevancy. Although Jack might perhaps take his crypto desires to Square, it will be interesting to see!
https://www.ccn.com/twitter-stock-jack-dorsey-crypto-ads
🥺It is easy to get caught up with the current discussions about Ethereum’s forecasted transition from POW to POS, and even easier to get confused with all of the minutia. It has been previously reported that this transition might be just around the corner, however it has been reported that expert Ryan Selkis has mentioned that the process will take considerably longer than many think, and might not happen until at least 2021. The comment comes in light of predictions of an impending “smart contract war” as a variety of platforms continue their development within the highly anticipated sub industry.
As world governments continue to grapple with how they plan to attack shadowy dark web retailers they have scored a small victory with the taking down of “Wall Street Market” a dark web retailer accused of having over 5,000 online transactions of illegal substances. The three arrests made in the case are of German nationals who have yet to be named as they are still assumed innocent at the time of this publishing. This is a bitter sweet moment for authorities as it has taken them over two years to make the arrests. In the meantime countless others have continued to operate unfettered in what appears to be a game of whack-a-mole.
https://www.ccn.com/authorities-crypto-dark-web
In a slightly less related story story we have global trade efforts escalating between the world’s two largest economies, the USA and China as trade talks once again diminished. As a result, Tesla’s Model 3’s which are produced in China will be hit with a 25% tarriff by the Trump Administration as they were rejected from exclusions being deemed “too important” for the trade war. It is difficult to pick winners in this tit-for-tat war, but it seems as if matters continue in this direction, only truly global products (looking at you bitcoin) will flourish. Short the banks, long bitcoin!
https://www.ccn.com/tesla-model-3-us-china-trade-war-maga
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