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Tuesday

22 June 2021

Bitcoin Miami mania, Dogecoin bounces back, Eth2 woes: Hodler’s Digest, May 30–June 5

Bitcoin Miami mania, Dogecoin bounces back, Eth2 woes: Hodler’s Digest, May 30–June 5


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Organizers were expecting a huge turnout for the sold-out event, with some predicting there would be more than 50,000 attendees.

He said:“I realized that I first bought Bitcoin one year ago yesterday, and so this is the end of my rookie year.”.

Twitter and Square CEO Jack Dorsey also declared that “Bitcoin changes absolutely everything.” He told the conference: “We don’t need the financial institutions that we have today” — and for money to be created for the world, it has to be developed internationally.

Quantum Economics founder Mati Greenspan had tweeted an innocuous comment about how Bitcoin 2021 was set to be the “Biggest crypto conference ever!”.

Although the party is in full swing in Florida, the fact that Bitcoin has been struggling to break$40,000 will undoubtedly have put a dampener on proceedings.

He also maintained that Bitcoin’s bull market appears to be intact, with a $100,000 price target more likely than a retrace to $20,000.

Alas, not everyone agrees with McGlone’s prognosis following the worst May for Bitcoin’s price in 10 years, with JPMorgan strategist Nikolaos Panigirtzoglou writing in a research note that weakened institutional demand could drag BTC below$30,000.

Dogecoin — likened by some to “digital plastic” this week — has enjoyed quite a surge of late.The joke cryptocurrency’s price climbed 40% in a single day, driven by Coinbase announcing it would open its door to DOGE deposits on June 1.

He said:“I think that based on how Bitcoin has been adopted historically and based on the trillions of dollars that the Fed is going to have to print in the coming months to years, that it would potentially be conservative to say that Bitcoin’s a unit of account in 10 years.”.

Speaking partly in Mandarin at a conference in Hong Kong, he said:“We thought it would take one year to do the proof-of-stake, but it actually takes six years.

This is the story of Jay, who created a meme by buying a Lamborghini with Bitcoin

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cointelegraph.com
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