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This week will certainly be remembered for the fake growth of Bitcoin on CoinMarketCap, the triumph of Elon Musk, who bet on DOGE, and the departure of Justin Sun from the Tron project.
Bitcoin continued to wag the cryptans’ nerves. The debate about whether the crypto winter has already begun, or whether it is just such a prolonged bear market, continued. The Fear and Greed Index rose slightly from “extreme fear” to just “fear”, and analysts predicted a continuation of the bullish rally. But not right now. Maybe after the New Year. Who does any serious business in the last two weeks of the old year.
– Can a crypt make me a millionaire?
– Certainly. If you are a billionaire.
The creator of the most famous Bitcoin price prediction model, Stock-to-Flow PlanB, is cautiously optimistic. Despite the curses he receives on Twitter for a failed forecast, PlanB claims that Bitcoin has been in an extended consolidation phase for most of the year.
And the trader of the Amsterdam Stock Exchange, Michael van de Poppe, explained to us what to expect from the new year, 2022. In his opinion, the market is now in the middle of a bullish cycle.
You are here
How does it feel to be a billionaire?
The most popular aggregator of data on cryptocurrency rates CoinMarketCap this week pleasantly pleased the cryptans, fulfilling all their deepest desires. It’s a pity that it’s only for a couple of hours. As a result of a major disruption, everything was mixed in the cryptocurrency market – tokens rose in price to cosmic heights, the little-known cryptocurrency Cocos-BCX was displayed in the first place in the rating.
but bitcoin is still the best
Since many cryptocurrency wallets are guided by CoinMarketCap prices, many cryptans around the world have become billionaires overnight. And some are even trillionaires. The CoinMarketCap team advised users to stay calm, but Crypto Twitter could no longer sleep.
In real life
After a couple of hours, everything returned to normal, and CoinMarketCap mockingly asked Twitter readers how they felt in the role of billionaires.
How did it feel to be a trillionaire for a couple hours?😂
— CoinMarketCap (@CoinMarketCap) December 14, 2021
When I tried to withdraw my billions into fiat
Elon Musk and his four-legged crypto-friends
Elon Musk and his fans had a hot week. First, the inventor and real billionaire was declared the Man of 2021 by Time magazine for
that he dropped Bitcoin in May his “commitment to environmental protection and space exploration.”
Then his detailed interview was published, where Musk was in good spirits against the background of space shuttles and spoke about the advantages of his favorite cryptocurrency Dogecoin. According to Musk, bitcoin is slow and expensive, so it is suitable for accumulation, while DOGE is fast, cheap, but “slightly inflated,” so people prefer bitcoins to walk and DOGE to spend. This is the logic.
Immediately after the release of the interview, Man of the Year, to the delight of fans of dog coins, announced that Tesla would release a merch that would be sold for DOGE. The cryptocurrency has habitually reacted to his statement with rapid, but short-term growth.
Elon Musk, Emperor of Mars
Justin Sun: I’m tired, I’m leaving
Tron founder and CEO Justin Sun is leaving the project to pursue a political career. He is going to take the post of the representative of Grenada in the World Trade Organization (WTO). Tron has already begun to be buried, despite San’s assurances that he is only “withdrawing from active participation in it and the role of leader”:
They don’t like the future representative of Grenada in cryptovitter, so only aggressive shouts are heard after him:
Justin Sun is the same schoolmate from the back desk who always chews off your homework.
Dude, I made a ton of money off you by tossing my shitty coins, so goodbye!
Russia continues to fight cryptocurrencies
The deputies and the Central Bank still cannot come to a consensus on what to do with cryptocurrencies in order to stop being so afraid of them.
Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, knows for sure that there is no need to help the cryptocurrency sector, and miners do not produce anything socially significant. “Are they some kind of orphans or poor ones?” – the people’s choice asks.
And the Bank of Russia does not bother with such trifles as mining at all – it plans to ban Russians from buying cryptocurrencies. Now the Central Bank is negotiating with experts and market participants about a possible ban. When and if such a ban is approved, it will not affect previously acquired cryptocurrency assets.
Central Bank and State Duma deputies study bitcoin in detail before banning it
And to the news of culture
The CEO of the largest cryptocurrency exchange Binance, the mind and honor of the cryptocurrency community, shaved his head today. The cryptans were worried – was there some secret sign in this act? Does this mean that we will all be shaved too? “Perhaps the regulators have already reached him, and he is preparing to stay in prison,” the pessimists thoughtfully said.
#cryptans #billionaires #DOGE