Daily Crypto NewsEDITION #247, 25 June 2021

Socialism in Salvadoran style

Hey #Moni Maker 🎸

Today, the world celebrates the Day of the Sailor. We would like to write beautiful words here that we, crypto people, also swim on the waves, surf the vastness of the blockchain and other bullshit. But the mood is now a bit different. We would like to ask FUDERS, dumps and FOMO in honor of this great holiday to swim f*ck away from us.

The digest will show them where to sail. And he will tell you about the news. Let’s go!

The President of El Salvador surprised. Every resident of the country with a registered wallet will receive $ 30 in BTC!

Yes Yes. They will make their bitcoin wallet. And residents of the country will receive $ in BTC for registering in it.

What a time to be alive!

JPMorgan released the results of a survey it conducted at the firm’s 24th Macro, Quantitative & Derivatives Conference Tuesday. The event took place on June 11; it was attended by some 3,000 investors from around 1,500 institutions. Marko Kolanovic and Dubravko Lakos-Bujas, two of JPMorgan’s top strategists, wrote:

“Investors’ view on cryptocurrency’s future is very divided.”

The survey results show that 42% of investors feel that cryptocurrency is here to stay and 9% even believe that it will become an important asset.

However, 49% of investors agree with Berkshire Hathaway CEO Warren Buffett and said that cryptocurrency is “rat poison squared.” Moreover, 16% of respondents see cryptocurrency as a temporary fad.

So what?

Investors fear that young and hungry crypto ppl will take their warm places? ... :)

Our friend Tony B continues to post about Bitcoin. Here is Twitter, follow and support Tony's creativity!

GBTC Premium rose by 66%

The Grayscale GBTC product has traded higher this week, closing the price gap to spot bitcoin by 66%.

GBTC was trading at a -14.44% discount on Friday, and now trades at a much smaller discount of -4.83%.

Earlier, Bitcoin Magazine expressed their take that a significant discount on GBTC shares will distract large investors from the spot market, pushing them to invest in the Grayscale product, which will prevent the spot price from increasing despite significant acquisitions by institutional investors.

The decrease in the discount indicates high volumes of acquisitions by big players, and if such trend continues, we may soon see a positive price dynamics on bitcoin spot market.

Crypto Tracker — is an application that allows you to track cryptocurrencies in real-time. For example, bitcoin. By the way, Moni is one of them. Get into the waitlist :)

And more you can find in our Glossary!

And you...buy Bitcoin! 😉 (it's a good time!)