Bitcoin Price in U.S. Dollars:
Nineteen thousand one hundred forty two dollars and fifty two cents
Shocking Stat of the Day:
22% of all money in the U.S. was printed in 2020
Crypto News of the Weekend:
- Microstrategy put another $50 million dollars of cash into Bitcoin. Over the past three months Microstrategy, led by their enigmatic CEO Michael Saylor, has pioneered the narrative of Bitcoin as a reserve asset (aka store of value). (https://www.benzinga.com/markets/cryptocurrency/20/12/18663624/microstrategy-buys-50-million-worth-of-bitcoin-topping-up-holdings-to-766m)
- Head of the OCC has hinted at a positive set of regulations to be announced in the coming weeks (https://news.bitcoin.com/us-banking-regulator-positive-cryptocurrency-regulation/).
- India is planning to tax Bitcoin gains. While this may seem bad for bitcoin holders, it is probably good in the long run, as regulation should boost the confidence of investors that BTC will not be banned. (https://www.coindesk.com/india-plans-to-tax-income-from-bitcoin-investments-report).
Thought of the Day:
Cryptocurrency security is the biggest problem in the industry. Hardware wallets are too difficult for non-tech savvy individuals. Exchanges are too big of targets for hackers and cannot be trusted. Many of the hot wallets are confusing. Seed phrases, private keys, and public keys are not intuitive.
We need to do better if we are going to the moon.
Hope y’all have a good weekend,
-Kram
KRAM 