DDCT #132 - 6/6/2022 (Crypto doesn’t belong in retirement accounts)
19m | Jun 6, 2022#Bitcoin #coinbase #retirement
I'd like to welcome everyone to my new YOUTUBE CHANNEL
Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
Crypto winter has come, and Coinbase is in trouble
Coinbase is pulling back on its hiring efforts. In a memo posted to Coinbase’s site, chief people officer L.J. Brock announced that Coinbase is putting a pause on hiring new employees, as well as rescinding several job offers already accepted by prospective workers, citing “current market conditions and ongoing business prioritization efforts.”
https://bitcoinist.com/bitcoin-atm-installations-drop-in-may/
Bitcoin ATM Installations Notch Record Drop In May – Demand For Crypto Waning?
Since its beginning, Bitcoin ATMs have shown to be a significant tool in nations where they are implemented. Traders may instantly deposit or withdraw crypto assets into their wallets by linking them to these money-dispensing machines.
As we approach the midpoint of 2022, the year is not shaping up to be the best for Bitcoin ATM installations worldwide. During the month of May, only 202 new cryptocurrency ATMs were installed globally, a number not seen for three years.
NFT Renting: Why You Might Want To And How To Do It
The world is experiencing somewhat of a revolution in terms of non-fungible tokens. But unfortunately, the NFT market has also taken a massive hit amid a crypto crash. Since its peak in 2021, the market is down about 92 percent! But that doesn’t necessarily mean the death of NFTs as a whole. Just possibly the end of JPEG monkeys. In reality, NFTs can provide value by utilizing smart contracts and the like on the Ethereum blockchain. But, did you know NFT renting is a thing? Here’s how and why you would rent an NFT.
Dubai's Retail Giant Majid Al Futtaim Accepts Crypto at 29 Shopping Malls and 13 Hotels in Partnership With Binance
Leading shopping mall operator Majid Al Futtaim has partnered with Binance to accept cryptocurrencies at its malls and other properties. “Majid Al Futtaim is one of the most prestigious businesses in the Middle East and has millions of customers every year,” said the CEO of Binance.
Crypto doesn’t belong in retirement accounts
I have long ago given up handicapping the price of bitcoin. I told people they were crazy to get in at $1,000. It doesn’t get much less prescient than that.
After falling by half to $29,000, bitcoin is now closer to $1,000 than it is to all-time highs around $70,000. It’s not the golden ticket it appeared to be during the pandemic investment mania, but it’s certainly made some people rich.
https://alternative.me/crypto/fear-and-greed-index/
Please subscribe, like, and share so that more and more people can view this content.
DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations
