Tesla revealed it didn't sell any Bitcoin in Q3, defying speculation around its cryptocurrency investing activities. Meanwhile, certain low-cost cryptocurrencies have been touted as giving investors a 'second chance,' including an under-the-radar coin trading for under 10 cents, though no specific coin was pointed out. Anthony Pompliano contended that government bans would be unable to halt Bitcoin, citing its decentralized nature.
Turning to meme coins, there's been a surge of investment in these tokens, with some whales predicting up to 6000% gains. However, the MicroStrategy's Bitcoin Scheme has been criticized for not being an 'infinite money glitch,' a term used to describe foolproof methods of wealth generation.
In terms of altcoins, new contenders such as Sui's (SUI) are expected to deliver significant returns, outpacing what traditional cryptocurrencies like Bitcoin and Ethereum can offer. Interestingly, Blackrock, the world's largest investment management company, has boosted North America's inflows to $1.3 trillion, demonstrating growing mainstream acceptance of cryptocurrency.
There's been a surprising decline in the stablecoin transfer volume from $3.6 trillion to a mere $1.2 trillion. Crypto users in Salvador don't transact with Bitcoin as much as expected, with over 90% of Salvadorans refraining from Bitcoin transactions. With the influence of U.S. governmental bodies on Bitcoin being downplayed, MicroStrategy is looking forward to a $1 trillion valuation as a Bitcoin bank. Finally, a rare coin detail marked a 50-cent piece's value 100 times more.
T Coin News Analytics from Sun, 24 Dec 2023 08:00:00 GMT to Wed, 23 Oct 2024 21:55:06 GMT - Rating 2 - Innovation 0 - Information 5 - Rumor -4