Bitcoin has been on a downward streak for the last week, down around 15 percent over the last seven days. That’s bad but it could be worse. You might have put your money in stocks. Some people, though, remain optimistic. RT’s Max Keiser predicts that the coronavirus will push Bitcoin up to $100,000, and JPMorgan’s CEO Jamie Dimon will be begging the Fed for money to buy coins. Dimon might want to diversify though.
Brian Armstrong, CEO of Coinbase, has suggested that it might not be BTC that pushes the number of cryptousers from 50 million to 5 billion. He didn’t say which coin would do the job but it’s likely to be one that uses decentralized finance protocols, or DeFi. Bitcoin still isn’t one of them. And in the meantime, the Bitcoin clock keeps ticking. Less than two months to go now before the next halving.
YouTube is still banning videos about cryptocurrencies, and as always, it’s never clear which videos they want to remove and which they’re willing to keep. US congressman Paul Gosar (R-AZ) is trying to bring some clarity but only to the regulation of cryptocurrencies. His new bill, the “Crypto-Currency Act of 2020” tries to categorize different kinds of crypto assets and assign them to appropriate regulators.