Bitcoin Rules, Fiat Drools (12/10/12)

An Assortment of BTC Prices:

1 BTC = $18,175.30

1 Brand New 2019 Ford Fiesta = .784 BTC

.3 BTC = Sea-Doo Spark 2up 60HP Jet Ski

1 Ether = 0.031 Bitcoin

Thought of the Day:

The younger you are, the easier you fall into the the crypto rabbit hole. Digital livelihood is innate for millennials and younger. We have grown up interacting with our friends, entertainment, and shopping on either our phones or computers. Our reality is a small screen and blue light glasses.

Crypto makes sense. The characteristics of money wrapped onto a digital network probably sounds ridiculous to someone who struggles with the concept of an AppleID (sorry boomer). To kids who have grown up knowing that for any problem… there is probably an app for that, the idea of a natively digital currency is more of a when, than an if.

Crypto News:
  1. Citibank downgraded Microstrategy stock after the announcement of Microstrategy’s plan to sell $400 million in bonds to buy more Bitcoin. Just remember, these were the guys who were selling AAA rated bonds in 2008 and acting like it was ok. I think Citi will end up being on the wrong side of history. (https://cointelegraph.com/news/citi-downgrades-microstrategy-stock-after-bold-bitcoin-bet)
  2. Steve Wozniak, yes that Steve Wozniak, has a coin called Efforce, a blockchain token that aims to transform the energy market into something close to an efficient + green industry. (https://www.entrepreneur.com/article/361217)
  3. 3iQ, a leading digital asset manager based in Canada, launched an Ethereum based fund on the Toronto Stock Exchange. (https://beincrypto.com/3iq-prepares-ether-fund-launch-on-the-toronto-stock-exchange/)
In Other News:

Taylor Swift just dropped a bombshell with the announcement of a surprise sister album to Folklore.

-Kram

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