Daily Crypto NewsEDITION #32, 22 September 2020

Bull Never Stops!

Hey #Moni Maker 🧐

Today, in 2000, due to a fall in the value of shares, the wealth of the founder and head of Microsoft Bill Gates decreased by 22 billion dollars, but the "remaining" 63 billion allowed him to retain the title of the richest man in the world until 2008. Few people survived the dotcom bubble burst, and Bill was one of them. A similar situation, only in miniature was repeated in 2017 with the ICO bubble, and we are sure that we will see a lot of similar situations unfold. That's why it's important to keep a close eye on the market and sharpen your skills of recognizing the candy in the pile of 💩.

Let's go!

BTC miners apparently envied ETH miners and started selling their bitcoins. The CEO of CryptoQuant urged the public to stay calm. In his opinion, this fact won't stop the Bull Market.

So what?

Bitcoin has seen so much that nothing seems to be able to stop it. Whether to believe Ki Young Ju or not is totally up to you, though.

But we do.

Missed Mike?

Mike Novogratz said that now (yup, at this particular moment) is the best time to buy Bitcoin. He also said that people don't understand what BTC is, but when they will ... wow! Prices will fly (#tothemoon)!

The Billionaire and CEO of Galaxy Digital also noticed that Bitcoin is in its infancy, which is why its price is not so high now.

Ok. Mike's conclusion: those investors who invest in Bitcoin at today's price will win.

So what?

That's cool, Mike!

Seriously, Mr. Novogratz is known as one of the most devoted media fans of Bitcoin. His Galaxy Digital asset management company even advertised Bitcoin in the Financial Times.

That's why this dude obviously is biased, but we see sprouts of truth in his words. As soon as people understand Bitcoin, prices will jump up.

No one understood BTC in 2017. It was just an analog of a gambling platform for people. Ladies and gentlemen, Times have changed. Financial times will be changed too :)

From 1999 to 2017, the world's largest banks, including JPMorgan Chase, HSBC, and Deutsche Bank, allowed criminals to launder nearly two trillion of illegally obtained U.S. dollars. The information was published by the "Cassandra" international research project, which cooperates with 110 media from 88 countries, including ICIJ, BuzzFeed, and OCCRP.

So what?

This never happened before, and here we go again.

Yes, Bitcoin has been used in many fraudulent schemes, drug schemes, and so on. But traditional money is more loved by the gangsters.

At least Bitcoin has a transparent blockchain allowing exchanges to launch a full-scale investigation against such schemes.

What do banks have? Criminal connections and figureheads. But hashrates smell like the wind of changes…

— Since Bitcoin halving in May this year, mining difficulty has increased by 19.9%.

— USDC has reached Tether's early 2019 market capitalization. Has the stablecoins' race begun?

— After another Bitcoin difficulty adjustment, mining difficulty increased by 11.35% to 19.31 TH/s - yet another ATH.