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On today’s show:
I would like to share with you 5 good news stories about Bitcoin and cryptocurrencies to help balance out all the negativity everyone seems to be focused on. So let’s focus on what we want, rather than on what we don’t want.
If you do decide to go shopping for cryptos any time soon may I recommend Binance, my favourite exchange right now.
1:03 **Story – Past sell-off were follow by 150% rallies within 84 days**
So there is fellow called Tom Lee who was JP Morgan’s top strategies for equities before he co-founded Fundstrat Global Advisors back in 2014.
He is one of the few guys on Wall Street to be open and willing to make crypto price predictions.
2:42 **Story – Bitcoin ATM Installations Now Outpacing Regular Bank ATMs**
Key infrastructure to allow money to flow back in.
The main downside to Crypto ATMs are the fees which can be as high as 10%.
4:17 **Story – CryptoKitties Coming To Mobile**
The article is written with a strange tone, however they make one good point here.
Also if you are into CryptoKitties:
Kitty #500,000 is about to be born.
6:04 **Story – Australia’s Major Banks Confirm They WILL NOT Be Banning Bitcoin**
6:59 **Story – Hearings By The US Senate Today On Virtual Currencies**
This is due to be livestreamed so if you’re interested you can tune in to that.
Posted links to 2 documents that are pre-written testimonies that have been prepared for this hearing.
The fact that the files are hosted on banking.senate.gov lead me to believe that these are authentic and give us a sneak peak into what they are going to say.
As you can imagine they are quite length so I haven’t read them myself yet but this Redditor summarises them by saying the SEC intends to keep an eye on scammy ICOs but other than that no crazy regulation.
I personally want to see if anything else comes out in the official hearing so we’ll see what happens later today.