Grim Outlook for Bitcoin - Bad News For 11/21/22

Is Bitcoin in big trouble? Many say we are in danger of much lower prices because of the continued fallout from the FTX scandal. More than 3500 Bitcoin that have slumbered for more than 10 years are now awake. And rumor is that Elon Musk is working on a crypto wallet for Twitter. 

Speaking of Twitter, it has officially become more fun to watch than Netflix. Finally, a long-time friend of the show has won his AT&T; simjack court case.

Get ready for hijinks and lowjinks on our Grim outlook for Bitcoin bad news episode #652 of The Bad Crypto Podcast. 

Full Show Notes at: http://badco.in/652

TIME STAMPS

00:00 - Intro

05:50 - Crypto market cap review; Joel thinks Solana as a token is toast as a centralized layer 1 and alleged victim of market manipulation due to FTX.  

11:40 - Sleeping Bitcoins wake up and have moved from original wallets to new ones

13:05 - Bad exchanges have taken $1.2 billion in Bitcoin out of the market

13:45 - Nayib Bukele is hodling and accumulating more Bitcoin for El Salvador. Increasing Bitcoin adoption

15:15 - Grim outlook for Bitcoin and Ethereum pricing as we haven’t yet seen the full fallout and earthquake from the FTX collapse as we await more dominoes to fall. 

16:00 - Digital Currency Group is trying to raise $1bln to save Genesis from collapse. 

20:30 - NFT God thinks Elon Musk is bringing NFTs and crypto to Twitter. Will it be powered by $DOGE and Dogechain? badco.in/638

21:15 - Elon posted a Twitter poll about reinstating DJT’s account. Let’s analyze what may have happened in the voting. 

29:30 - What Twitter has revealed is the emotional maturity people have with even Trent Reznor leaving Twitter because he can’t handle that Donald J. Trump is back on the platform. 

37:30 - SIM swap hack against Michael Terpin reaches resolution 

38:40 - Upcoming guests and interviews on The Bad Crypto Podcast, meaning more airdropped NFTs from Bad Crypto Nifty Club so SIGN UP today at http://badcrypto.uncut.fm

40:30 - Closing Remarks

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DISCLAIMER:

Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.

We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations. Support the show: https://badcryptopodcast.com See omnystudio.com/listener for privacy information.