Bitcoin continued to show resilience despite a continued onslaught of negative news…
Last week, China’s government said it plans to ban bitcoin mining. And that came on the heels of Elon Musk’s rant about bitcoin mining’s energy consumption.
Then SEC chairman Gary Gensler joined the fray… He proposed tougher regulations on cryptos to prevent “gaps in investor protections.”
While it remains to be seen what these protections would entail, it doesn’t come as a surprise to us…
Daily editor Teeka Tiwari has warned we’d see volatility in the crypto space as mass adoption of this asset class moves forward. And despite all the fearmongering we’re seeing in the mainstream press… bitcoin’s price has stabilized.
Since hitting a low of $30,000 on May 23, it’s rallied to $40,000 – a 33% gain. No other asset shows that type of resilience.
Clearly, governments are afraid of bitcoin… But like the internet, they can’t ban it, they can’t get rid of it, and they can’t put it out of business. So, treat these pullbacks as the buying opportunities they are.
Ignore the crypto naysayers out there, and then read on for Teeka’s latest insights on the crypto market…
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Regards,
Chaka Ferguson
Editorial Director, Palm Beach Daily
P.S. Many folks who’ve listened to Teeka’s crypto calls have achieved their 24/7 freedom.
But now, Teeka says he’s found a new idea that could potentially beat the performance of cryptos and all of the other deals he’s found…
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