Daily Crypto NewsEDITION #149, 10 February 2021

Crypto eats Apple (nom-nom)

Hey #Moni Maker ✋

Today, in 1996, the first chess match between the IBM Deep Blue supercomputer and Garry Kasparov took place ... G. Kasparov won 4-2,. After a couple of decades, we should not treat AI disparagingly. Who knows - maybe "Terminator" is actually a documentary that came from the future 😱? Gotta have a Plan B! Ours is stock up on crypto - AI definitely won’t accept neither USD, nor gold...

Let’s go!

The capitalization of the crypto market increased sharply, right after Tesla announced the purchase of $1.5 billion worth of BTC. It surpassed the capitalization of some large companies such as Tencent, Tesla and others, approaching the capitalization of Google.

So what?

As ppl say, let the market decide. We see that the odds of this "decision " are in favor of crypto.

After all, Tesla is now the guru of these startups and companies. CEOs look up to Mr. Musk and try to follow him. So they will invest in crypto.

But who will invest in Apple? (Okay, few will, but not too many)

Analysts at investment bank RBC Capital Markets believe that Apple could earn more than $40 billion a year from launching its own cryptocurrency exchange.

According to Mitch Steves of RBC Capital Markets, the company should launch its own cryptocurrency exchange based on the Wallet app.

”The wallet initiative appears to be a clear multi-billion dollar opportunity for the firm (potential for well over $40 billion in annual revenue with limited R&D),” Steves wrote in a note to clients.

Companies like Square Inc. and PayPal Holdings Inc., along with closely held exchanges like Coinbase, have all validated the exchange model as a real business, he said, and Apple would immediately gain market share if it were to enter the industry. In addition, Apple’s ecosystem would offer improved security relative to the companies that would be its competitors.

Cryptocurrency derivatives exchange FTX has launched a charity fund. Now, 1% of FTX's commissions will be donated to the world's most effective charities.

Over time, the fund's website will be updated with new information and resources, as well as options for selecting charity organizations to support.

And one more thing...Buy Bitcoin! 😉