Hi there! It is Saturday, and the Bitcoin price is finally up from a recent drop below 19k. However, the world is still chaotic, and it is too early to say that the downtrend is over. It is important to prepare for the ups and downs. The Crypto markets are truly un-predicable.
During this time I always try to remember the reason why Bitcoin was created in the first place. Bitcoin was created to counteract the poor economic policies created by world leaders in hopes to "FIX" the issues they created. Bitcoin is an alternative that cannot be manipulated in numbers. It is finite and a great tool for those who prefer to live an alternative and decentralized lifestyle. However, its price at the moment continues to be affected by the same economic policies it is combating and that's why it is not the perfect tool against inflation just yet. I say that because several people purchased Bitcoin at its peak and for those people the loss is very real. However, for those who purchased it several years back and had the patience to stand the dips and the fluctuations of the market while still maintaining their Bitcoin Secure the hedge is REAL. For those, there is hope and trust in Bitcoin. I hope you get there too! Regardless of how much FUD there is the space.
And when I say FUD I mean it. I have been doing this slide for several years, and I always notice a shift in the media tone as the price changes. It is like a party when the Bull run is running, only positive and happy headlines about crypto, and then when the market shifts the fear is real. What is the catalyst for this change? And that's what I am eager to know and determined to find out.
In the meantime, let's look at some more "FUD" or better crypto headlines! (Joke)
Sunday September 4th, 2022: Repurposing Bitcoin mining heat can solve global energy crisis: Arcane - https://cointelegraph.com/news/repurposing-bitcoin-mining-heat-can-solve-global-energy-crisis-arcane
Monday September 5th, 2022: Binance taps ex-central bank head, economy minister of Brazil as advisor - https://www.theblock.co/post/167857/binance-taps-ex-central-bank-head-economy-minister-of-brazil-as-advisor
Tuesday September 6th, 2022: IMF Pitches for Comprehensive Global Regulatory Policy for Cryptocurrencies - https://cryptopotato.com/imf-pitches-for-comprehensive-global-regulatory-policy-for-cryptocurrencies/
Wednesday September 7th, 2022: A Stablecoin Law May Not Happen This Year - https://www.coindesk.com/policy/2022/09/07/a-stablecoin-law-may-not-happen-this-year/
Thursday September 8th 2022: Coinbase Backs Tornado Cash Lawsuit Against U.S. Treasury - https://decrypt.co/109267/coinbase-backs-tornado-cash-lawsuit-against-u-s-treasury
Friday September 9th 2022: Ethereum ready for The Merge as last shadow fork completes successfully - https://cointelegraph.com/news/ethereum-ready-for-the-merge-as-last-shadow-fork-completes-successfully
Saturday September 10th 2022: Enjoy your Saturday.
All my best
Michelle M
www.mammycrypto.com
Social Media links: https://cointr.ee/mammycrypto
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