This Week In Bitcoin:
Friday 08/11/2023
Bitcoin As A Stablecoin?
From George Glover of Business insider:
“The price of #Bitcoin is as stable as it's been for five years, according to one gauge.
That's largely because nobody is trading the token anymore. Investors fled “crypto” after a nightmarish 2022 – and bitcoin's still way below its $69,000 record.”
Someone tell Mr. Glover that Bitcoin moves in cycles, and this is the accumulation phase. $69k? – wait until the next bullmarket is in full swing.
PayPal To Issue It’s Own Coin?
#PayPal launches its’ own stablecoin – Pyusd. It is being build on the Ethereum layaer 1 network. BUT will they run into the same issues Fakebooks libre ran into? Only time will tell. `
When In doubt, Blame The Digital Asset Market,
Clown News Network (CNN), once again blames the digital asset market fir the nations woes. This time for Fentanyl trafficking, but for some reasons they forgot to mention the banks role in laundering the dirty dope money, I wonder why?
#plebchain #nostr #coffeechain #bitcoincommunity #liberty #fakenews