Daily Crypto NewsEDITION #83, 21 November 2020

Bitcoin outplayed MasterCard, Telegram CEO talks about Apple and iPhone

Hey #Moni Maker ✋

Today, in 1877, Thomas Edison invented the phonograph, the first device for recording sound. Our gratitude to Mr. Edison is difficult to overestimate because, despite numerous obstacles, he did not stop, and his breakthrough inventions have changed the world for the better. We like to think that we, in a sense, are also visionaries, like the great scientist, and we also have the ups and downs ahead. That's the beauty of being a pioneer, so...

Let’s go!

According to AssetDash, Bitcoin's current market capitalization is just over $336 billion, having increased by 3.6% in the last 24 hours. At the same time, Mastercard's market capitalization fell by more than 0.5% to $332 billion.

Bitcoin's capitalization also outperformed Bank of America, Adobe, Disney, and Nvidia. We can see the largest American bank JPMorgan and the payment giant Visa higher up the list.

Let us remind you that just recently, Bitcoin overtook PayPal and entered the top 20 global assets list.

So what?

As video games players say - GG! (good game)

Top 10 is not that distant, and after Bitcoin can gnaw Apple..

Let's do it, BTC!

If someone asks you about Bitcoin, whether it is worth investing in, just refer them to our digest. Deal?

Nick Carter, the founder of the analytical company Coin Metrics, told Bloomberg TV that fiat currencies' infrastructure and inflation support BTC growth, and as a result, the current growth is more stable than in 2017.

The analyst recalled that in 2017, the market was driven by retail investors who were experiencing FOLO (fear of losing out), but now the market doesn't have many such players.

The new type of investor is more inclined to hold on to bitcoin long-term as part of its inflation hedging strategies.

Carter believes large investors have once again turned their attention to BTC due to the risk of inflation, but unlike 2017, they now have the infrastructure they need. At that time, investment in BTC was impossible for most prominent companies, but recent examples, such as MicroStrategy and Square, show a significant improvement.

So what?

Every cloud has a silver lining. Let's paraphrase this way: every crisis has a bitcoin lightning 😉

Guys, we have a lot of space on the ark, Satoshi calls everyone. Waves of inflation will soon overwhelm the market, so it's up to you to choose whether to sink or survive.

The choice, of course, is obvious, ha-ha.

Despite the growth above $18,000, which hadn't happened for three years now, interest in Bitcoin does not exceed usual levels.

Regarding the maximum values for a "bitcoin" search query, Google Trends estimates the current interest at 18 points compared to 100 points in December 2017.

In other words, new investors are not yet even remotely demonstrating such interest in Bitcoin, as in 2017. So we can expect a new round of bitcoin growth.. at least in terms of interest.

But the analyst Brad Mickels disagrees.

Analyst Brad Michelson pointed to a huge discrepancy between the data provided by SEMrush and Google Trends:

In November 2020, the global monthly search volume for Bitcoin was 8.9 million, which is 356% more than in December 2017, which was 2.5 million.

So what?

In general, the analyst will not lie, but the "word of mouth" is still significant.

You know, when BTC will break 20k, and then 30k, you, our reader, will know about it: you will be overwhelmed by calls with requests to show where and how to buy bitcoin.

We gave an answer at the end of the digest, in advance, so to speak 😂

"Softbank CEO Masayoshi Son said that he "doesn't understand" Bitcoin and that he spent a good chunk of his time tracking its movement while invested in the cryptocurrency.", Business Insider writes.

Masayoshi Son was considered one of Japan's richest people in 2017. Son said that one of his friends advised him to invest 1% of his personal assets in bitcoins, which was about $200 million at the peak of the market in 2017.

Then Son decided to spend about five minutes every day watching currency price fluctuations.

He also added that the investments "distracted his attention from his own business". As a result, he decided to sell all cryptocurrency, having lost about $50 million on it, according to his own estimates.

The businessman decided to get rid of crypto in early 2018 when it fell sharply in price. According to the newspaper, he lost $130 million.

So what?

The problem of ALL modern businesses is a lack of flexibility. A person starts a company, works for ten years, and thinks it will always be this way.

Well, so did the taxi companies think... but what did Uber do with them? :) We all know.

Today it is not even knowledge that matters, but the flexibility of your mind. If you are ready to catch the wave, learn new things, and stay open minded - you win.

If not, you are Son.

Everyone remembers how heavy TON was.. :)

Here is Pavel's post. Let us save your time:

– an oversized version of a 2012 iPhone 5

– incredibly clunky piece of hardware

– the ugly array of cameras sticking out at three different levels

– in 7-10 years' time, the global market share of iPhones will be negligible.

Recently Durov made a post about 7 Reasons Every iPhone User Should Be Worried About the App Store's 30% Tax

So what?

MoniTalks has only one claim to Apple. We have already made it here.

As for Durov ... Pavel has made very loud statements recently. The rules of life, and the iPhone critique, and shame on Apple.

But we all love him very much, Telegram is the best messenger in the world (not advertising!), and, Pavel, you are partly right. Like SON from the news above, Apple has lost the flexibility of thinking.

Tim Cook, we warned you...

— Tether has printed 120 million USDT;

— Synthetix (SNX) was launched on FTX. Trading is available on spot and futures markets with up to 101x leverage. You can register on FTX here;

Thank you, buddy, It touched our editor's hart so much that he even called his mom to tell her about it.

Friend! Don't forget to tweet about us using #MoniTalks hashtag. We will definitely find you and thank you, we will remember and love you.

Well, that's it! Have a nice weekend, see you next Monday!📡

And one more thing...Buy Bitcoin! 😉