Five Crypto Headlines You Might Have Missed

Cutting through the noise takes effort

I get it. The noise is loud.

Lots of people are screaming about a bear market, prices are falling, and people are straight wondering what will happen next for Bitcoin and the rest of the cryptocurrency space. Naysayers are having a day, a week, and maybe even a month.

In all the clamor, you might have missed some key developments that show what’s happening with the asset class. I know I have—I’ve needed to dig.

So here’s what I found:

• A dude who says he makes over $800 a month mining cryptocurrency with his Tesla. That’s against manufacturer advice, but to this enthusiast, the risk is worth it. More on his hobby right here.

• Forget what Jamie Dimon says about crypto, his clients have their own idea. About 55% of JP Morgan’s surveyed clients believe Bitcoin will hit $60,000 or higher by the end of 2022. They’re into it, even if he’s not too sure.

• A real estate developer just outside of Seattle plans to accept cryptocurrency as payment for several projects. The developer will take the payments starting on January 24th.

• Messaging app Signal has turned its cryptocurrency feature global.

• Thieves stole about $2.2 billion in crypto assets of DeFi platforms in 2021... whew!

I share all this to point out—even with prices falling and gleeful bears out for blood, the asset class is moving to new places. And as I always say—the long view is a good one.

What do you think?

The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.