Daily Crypto NewsEDITION #92, 02 December 2020

Go Go Go

Hey #Moni Maker 🙃

Today Russia celebrates Bankers' Day. Moni team would like to congratulate every bank employee and invite everyone to the other side of the crypto rabbit hole.

You can start your journey by diving into our digest👇

The launch of Ethereum 2.0's phase zero was successful. The genesis block and the first block have been launched in the network.

So what?

So, Buterin, you're probably getting high on success there in front of your computer right now? Beautiful! Regards!

Let's bust the next DeFi hype & make our shitcoins grow, bro!

Early Bitcoin investors and the founders of Gemini cryptocurrency exchange, Tyler and Cameron Winklevoss said in an interview with CNBC that BTC would grow more than 25 times from its current value because more and more investors use cryptocurrency as a hedge against inflation.

The brothers believe that Bitcoin's price in the future will reach $500,000 with a market capitalization of about $9 trillion. This will be affected by the recognition of cryptocurrency by major players in the traditional market.

"I think a lot of people are starting to realize that bitcoin is really the best hedge and offers the opportunity for an asymmetric return of something like 25 to 40x from here. I don't think there's an asset in the universe that can credibly offer that kind of potential and protect against inflation," said Cameron Winklevoss.

So what?

Everything is ok, but why did Dave Portnoy leave BTC :(?

Well, f*ck it, bitcoin's price is not the first thing to pay attention to. A HUGE crisis is coming, and BTC may become a shield in good hands.

Today is the beginning of December. How will the price of Bitcoin behave this month? To understand this, let's look at the average monthly BTC price change since 2011.

So, the average monthly growth of Bitcoin in November throughout 10 years is 54%, and this November 2020 also showed a good result.

In December, Bitcoin is used to grow by an average of 7.3%. We wonder what will happen in December 2020?

Fan of gold, one of the Bitcoin critics and part-time CEO of brokerage company Euro Pacific Capital Peter Schiff said on Twitter that Bitcoin still can not compete with gold. BTC jumped on the hype wave, but in the very near future we will have another drop.

According to the financier, the large BTC or "whale" holders specifically "pumped" Bitcoin and then brought it down.

Euro Pacific Capital CEO stressed that his attitude to the cryptocurrency has not changed. BTC can be compared with casinos, sports betting, lottery and extremely risky papers.

Let us remember, that Peter Schiff lost his bitcoins, and blamed it on Bitcoin, and then found out that he was to blame for the loss of the bitcoins, as when creating a crypto wallet mixed up the password with the pin code.

So what?

We had one white-brown Bitcoins hater, so he is thrown out of the White House, and his wife is leaving... Are you ready for such a fate, Peter?

Seriously, the man predicted the fall of the BTC and he is sitting rejoicing. Ok, MoniTalks says that very soon the bitcoin may fall. Why aren't we being quoted by the publications? :(

And one more thing...Buy Bitcoin! 😉