QUOTE OF THE DAY
“I owe my success to having listened respectfully to the very best advice, and then going away and doing the exact opposite.”
How Crypto Been Doing?
According to Forbes, it's been boomin' so much, that they had to write an article about how posts about cryptocurrency have exploded on Reddit this year.
MarketWatch reports that interactions on niche subreddits devoted to cryptocurrency have soared by a massive 930% this year.
Jamie Dimon Reported In Sweden
Remember how Jamie made those comments about Bitcoin a few days before the substantial correction? Yeah, someone in Sweden remembers.
You can read more about this here.
And it looks like Jamie doubled down and gave Bitcoin another gut shot. You know what this means...sales incoming.
All Hail South Korea
South Korea is now the center of the universe as it passes China in Bitcoin trading.
Malaysia On Bitcoin
Malaysia is hoping to release Bitcoin guidelines by the end of the year.
"We hope to come out with guidelines on cryptocurrencies before the end of the year: in particular, those relating to anti-money laundering and terrorist financing. We want to ensure that there are clear guidelines for those who want to participate in this sector.”
Bitcoin ETF? Coming? Maybe?
I've covered this before but I noticed this on the news again today. We may soon see a Bitcoin futures-based ETF.
Investment management firm Vaneck has filed with the U.S. Securities and Exchange Commission to list and trade a bitcoin ETF. However, the Vaneck Vectors Bitcoin Strategy ETF will not hold actual bitcoin.
According to the filing, "The fund seeks to achieve its investment objective by investing, under normal circumstances, in U.S. exchange-traded bitcoin-linked derivative instruments (“Bitcoin Instruments”) and pooled investment vehicles and exchange-traded products that provide exposure to bitcoin."
You can read the article about this here.
THINGS I LIKE
A Short Guide To Popular Cryptocurrencies
You know the only thing I love more than crypto is short guides about crypto.
So here you go, feel free to share it with your non-crypto friends.
You can find the mini-guide here.
My Current Sentiment: Neutral
Daily Number Indicator
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