As of now, Bitcoin hovers near $86,935, a slight descent after failing to hold its recent gains. The holidays, with their sparse trading volumes, ETF exoduses, and a mountain of options expiring, have turned the crypto arena into a battleground of despair. 🧊📉
Let’s not forget the saga of India’s crypto legislation-more twists than a soap opera. Last year, CoinDCX was a victim of a cyber heist, with scammers siphoning off ₹285 crore through fake jobs and shady investment apps, converting their loot into USDT like it was some magic trick. Meanwhile, ₹8.46 crore was seized by the ED, adding a touch of bureaucratic flair to an already colorful tale. 🎭
Guillemot explains that Midnight will act as a privacy layer-or, as I like to call it, “the blockchain version of a really good therapist.” Users can now interact across ecosystems without switching wallets, which is like saying you can eat dessert and main course at the same time. 🍰🥩
The distributed asset value has continued to climb, reaching a new all-time high despite unfavorable market conditions. Because obviously, who doesn’t want to own a piece of a building in a world where reality is just a suggestion? 🤯
Cannabis stocks have been the emotional support plants of the market-loved in theory, disastrous in practice. Until now. Enter President Trump’s executive order, reclassifying marijuana from Schedule 1 to 3. On paper, this is the regulatory equivalent of trading a chainsaw for a cheese knife. Researchers can now poke at cannabis without fearing federal frowns, banks might finally deign to serve growers (shocking!), and tax deductions? Oh, sweet normalcy! But let’s not forget: Schedule 3 isn’t exactly a golden ticket. It’s more of a “we’ve slightly reduced the likelihood of your arrest” pass.
On that fateful day of October 6, Bitcoin reached a dizzying height of over $126,000, only to plummet into the depths of despair shortly thereafter, following a $19 billion liquidation event. Today, as we muse over the state of affairs, our beloved Bitcoin hobbles along at $87,015 per coin, down 6% in a mere fortnight, according to the ever-reliable CoinGecko. One might say it’s as if Bitcoin has taken a tumble down a particularly steep hill, gasping for breath at every turn.
Now, here’s the plot twist: Kiyosaki, who used to be quite the Bitcoin cheerleader, has recently shifted gears. Instead of shouting “Buy! Buy! Buy!” he’s been more like a monk in silence, focusing on silver and gold. Because nothing screams ‘safe investment’ like shiny, heavy metals – perhaps more reliable than a volatile crypto roller coaster with all the grace of a drunken elephant.
According to the proclamations of its architects, developers may now forge quantum-resistant accounts and execute transactions, their sanctity guarded by this new algorithm. A bold claim, indeed, in a world where Bitcoin, the once-unassailable titan, now appears as a lumbering giant, its developers confessing that their transition to such standards shall be a marathon, not a sprint. Jameson Lopp, the sage of Casa, estimates a decade or more for Bitcoin’s network to adapt-every node, wallet, and coin must bow to the new cryptographic decree. A Herculean task, no less. 🏃♂️💨
But fear not, dear investors! There’s still a glimmer of hope that some brave souls may swoop in to buy up this beleaguered altcoin before the clock strikes midnight on New Year’s Eve.
They strutted onto the stage, charted their volatile courses-gold with its dramatic swings, a true prima donna, and Bitcoin with a more understated, dimmer spotlight, gently building momentum like a shy poet. 📈🎭
