Hey Guys,
I don’t even know where to begin with this week’s crypto review. There is so much going on that it’s almost hard to keep track. Some would say that the bull market is back, and I’d be inclined to agree if all the news was good, but as you know it’s been a bit of a mixed bag.
On the one hand, inflation seems to be cooling and this has the crypto markets rallying. Ethereum’s transition to proof of stake is happening faster than expected, and we’re seeing institutional investors like Blackrock let their clients loose on crypto coins and tokens (well, just BTC for now).
On the other hand, the chaos caused by the sanctions against Tornado Cash are doing serious damage to EVM compatible smart contract cryptocurrencies of all kinds, and even developers are starting to be locked up for code which is completely legal. Never mind that the protocol was made illegal after it was completed.
It looks like a mixed bag is what we’re going to get this week when it comes to price action, and there might be a few cryptos that will continue pumping regardless. I talk about a few of those at the end of the video so be sure to stick around until then to get the full scoop!
Enjoy!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Cold CPI Print: https://www.cnbc.com/2022/08/10/consu…
► Ethereum Merge Accelerated: https://cointelegraph.com/news/coming…
► Tornado Cash Developer Arrested: https://www.theblock.co/post/163297/a…
► Blackrock Launches Bitcoin Trust: https://cointelegraph.com/news/blackr…
► Thailand Plans CBDC Pilot: https://cointelegraph.com/news/the-ba…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
