/ investanswers  
#Bitcoin #Algorand #HUT8 #GalaxyDigital #DeFi #TimDraper

IA Quick news synopsis from Thursday 10th June 2021

0:00 U.S. Inflation Is Highest in 13 Years as Prices Surge 5% The rapid rise in consumer prices in May reflected a surge in demand and shortages of labor and materials

1:00 Crypto Disruption - Massively - Tim Draper 4 industries - Draper says crypto will reshape finance, insurance, government and healthcare.What is government but a bunch of insurance companies put together? That government can also be much more streamlined and all put in smart contracts. HC, workman’s comp insurance and unemployment insurance and welfare and pensions, social security

2:00 The CEO and co-founder of hedge fund Avenue Capital Group Marc Lasry harbors one MAJOR MISTAKE over his Bitcoin investment. In a new interview with CNBC, Lasry who is worth approximately $1.8 billion says that he ought to have purchased more Bitcoin when it was trading lower.

3:00 FUD TIME Elizabeth Warren - US Senator Elizabeth Warren calls cryptocurrency “a lousy investment” and believes it does not offer the average American a safe alternative to Big Banks. 4th Rate investment. I can attest that that is complete BS owning BTC in 4 digits and ETH at 200. “I’ve got a plan for that” became her signature phase during her presidential campaign

4:00 A Broken Clock - Dave the Wave identifies a key resistance level at around $42,000, and spotlights key areas of support for Bitcoin to hold onto at $33,000, $27,000, and about $20,000 and then $16,000.

5:00 Stock Mkt news S&P 500 Sets New Record as Investors Dismiss Hot Inflation
The Dow Jones Industrial Average gained 0.1%, while the technology-heavy Nasdaq Composite rose 0.8%.

6:30 Brokerage firm BTIG rated Galaxy Digital Holdings (TSE: GLXY) a “buy” with a price target of C$31 in a research report published Thursday. The stock was C$22 as of recording - HUT 8 up 25% on Nasdaq listing... 

7:20 More BTC Good News - The Bank for International Settlements’ Basel Committee, a European regulatory agency, attempting to place much-needed rules Thursday around banks being allowed to hold various cryptocurrencies. 

8:00 Arrington Capital Launches $100M Algorand Ecosystem Fund TechCrunch founder’s second crypto fund will bet on Algorand projects and coins. Algorand, like other protocols, is eager to gain an edge in the lucrative decentralized finance (Defi) arms race. 

International Monetary Fund warns of risks after El Salvador adopts bitcoin as legal tender - course they do. What are they going to do? 

9:00 Willy Woo - super bullish indicator - “What we’ve seen is a lot of value go into stable coins. They’re sitting there on the sidelines just to fly back in once the picture of price action starts to move bullish. It is a good picture.”

10:00 Spencer Schiff Trolling Dad - Bitcoin is a bargain at any price below $10 million.
long/short ratio on binance has been an incredible bottom signal throughout this bull. 100% hit rate so far. 
Jimmy Song If you have a scarce item lumber used cars, possibly a house in a desirable zip code I'd bet you could demand to get paid in #Bitcoin and people would willingly oblige.