Kolek planning to go pro
It's just an old fashioned bank run. They can only meet withdrawls if they have the liquidity to do so.
I am far from a crypto expert, but isn't one of the supreme advantages of crypto supposedly that it is better and more accessible than cash held in a bank? Correct me if I'm wrong. (I know you will.)
And how about Celcius, one of the largest crypto lending platforms, pausing all withdrawals this morning. And Binance, the world's largest crypto exchange, halting Bitcoin withdrawals for a spell.Isn't one of the supposed benefits of crypto that one can do what one wants with them pretty much any time without interference from government, the private sector, other individuals, etc? So if all of a sudden you lose access to the crypto you have spent tens of thousands of dollars (or more) buying, isn't that a pretty big problem?
My God
If I was a bitcoin investor, I don't think I'd want Cathie Wood on "my side" yelling that it's going to $1M.https://finance.yahoo.com/news/crypto-optimist-bitcoin-to-1000000-by-2030-155113653.html?.tsrc=372"I think that is pretty lofty," Valkyrie CEO Leah Wald said on Yahoo Finance Live (video above) when asked about Cathie Wood's Ark Invest calling for bitcoin prices to reach $1 million by 2030 in its January 2022 "Big Ideas" report."Bitcoin’s market capitalization still represents a fraction of global assets and is likely to scale as nation-states adopt as legal tender," Ark stated, listing several factors for its aggressive projection: (1) maturing bitcoin investor base focused on the long-term; (2) bitcoin taking market share as a global settlement network; and (3) institutional investors are being attracted to the space.
Buy something worthless, get something worthless.
Honestly STUNNED it took so long for him, and frankly many other politicians, to get in the NFT grift game.
He's completely lost it. Clown show.
Great investment idea folks--just $99 for this gorgeous NFT. Just one in a series! get it before it sells out.
Good deflection.