FLASHBACK FRIDAY: WAR IN UKRAINE, EXECUTIVE ORDERS IN THE USA, AND WHAT THAT MEANS FOR US.
As usual, we’re flashing back over what we discussed this week, let’s gooooo!
We did a quick cryptocurrency refresher: what it is, what we can do with it, what part the blockchain plays, and what bitcoin mining means (see Crypto Devo post dated Monday 3-14-2022.)
The Russian invasion into Ukraine: we saw some investors dumping their crypto assets, as the Russian ruble bottomed out and European stocks fell. But it was a good time to trade gold as the US dollar kept holding strong!
Institutional investors have moved into the crypto space in a big way - when once upon a time there were only retail investors jumping in and out of the market causing wild movements and intense volatility. These institutional investors are buying up BTC/crypto in large blocks.
Last Wednesday an Executive Order came into being concerning cryptocurrency. It focuses primarily on consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion and responsible innovation. There is also talk of exploring a digital version of the US dollar!
$1.2Billion worth of BTC left the Coinbase platform in one week, and that was “the highest single-week outflow since 2017!” This is huge, something to keep our eyes on!
We’ll chat more about these coins next week, but in the meantime and in-between time, BE GOOD TO YOURSELF THIS WEEKEND! Go to the movies, (or Netflix) take yourself to dinner, buy some workout clothes, or a handbag, or a pair of shoes. Do something nice for yourself and enjoy the weekend!
Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™ . The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestion in this post.