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The Bears Are On Life Support
Bulls are in control as Bitcoin and Altcoins rally
Bears keep trying to fight the inevitability of the second bull run in this bull market cycle.
But they cannot stop this bull market. Bitcoin is approaching $50,000 once again and altcoins are moving strong. Cardano ADA saw new all time highs and Solana and Avalanche performed really well.
PlanB provided an update Bitcoin Stock To Flow chart showing we still have another bull run to new all time high prices.
Most Bullish News from the past week:
Wells Fargo has registered a Bitcoin Fund. (source)
Second-largest U.S. mortgage lender, United Wholesale Lender, will accept payment in bitcoin and other cryptocurrencies (source)
Mayor Jayson Stewart of Cool Valley, Missouri wants to give residents up to $1,000 in Free Bitcoin. (source)
BlackRock, the world's largest asset manager, has allocated over $382 million to shares of Bitcoin mining companies Marathon Digital Holdings & Riot Blockchain. (source)
Coinbase will add $500 million of crypto to its balance sheet. (source)
NBA player Cade Cunningham has partnered with BlockFi. He will receive 100% of his signing bonus in Bitcoin. (source)
WTF news of the week
Former SEC chair Jay Clayton joins crypto firm Fireblocks. Here is a breakdown of Jay’s story:
As SEC chairman he does not approve a Bitcoin ETF
On his last day he files a BS lawsuit against Ripple over XRP which hurts investors
Joins One River and helps them file for a Bitcoin ETF
Then joins crypto platform Fireblocks & now praises crypto
Bitcoin advocate Didi Taihuttu sits down to talk about his family who are known as the "Bitcoin Family" and how his journey started in selling all of his possessions to buy Bitcoin and to now living off of it. We discuss Bitcoin's growth, adoption, price predictions, bull market, mining, crypto regulations, NFTs, and much more.
Interviews in the works
Perianne Boring (Chamber of Digital Commerce) - confirmed
Mark Yusko (Morgan Creek) - confirmed
Alex Salnikov (Rarible) - confirmed
Jack McDonald (Polysign) - confirmed
Hester Pierce (SEC) - confirmed
Charles Hoskinson (Cardano) - TBD
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Disclaimer - Thinking Crypto and Tony are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This newsletter is for educational purposes and NOT investment or financial advice.