Nasdaq Article Compares Bitcoin to a Honey Badger
A Nasdaq Article (Which you can read here) has drawn parallels between Bitcoin and Honey Badgers. At the Wealth Gap we once saw a rabid Honey Badger attacking an adult Rhinocerus. This particular Badger was a spitting, frothing screaming ball of absolute terror & fury (normal for badgers).
It kept attacking this Rhino. The rhino would flip it 20ft into the air with its horn, the badger would be screaming as it went up and howling when it came down. Once it hit the ground it would look dead for a moment before getting up and attacking the Rhino again and again. It was amazing - Eye Witness
To help with tell the difference we have created the following technical chart:
Honey Badgers cannot be stopped. Thank God they don’t have opposable thumbs!
JPM Reaffirms Bitcoin price prediction of $146k. Meanwhile JPM CEO stil says it’s rubbish.
JPMorgan's Jamie Dimon still believes 'that Bitcoin is worthless' ...
“Our clients are adults, they disagree, that's what makes markets, so if they want to have access to buy yourself Bitcoin, we can't custody it but we can give them legitimate, as-clean-as-possible access.”
Elon Musk Isn’t Pleased With The Unrealised Gains Tax Idea
There is an idea in the US to tax American citizens on their unrealised gains.
Janet Yellen, the former Chair of the US Federal Reserve, wants investors to pay a tax on the increase in value of stock they own every year, even if it is not sold. So if you bought some stock at $100 and the stocks jumps to $150 you will have to pay tax on that $50 gain every year you hold it.
Elon isn’t pleased and by saying he will sell his stock he is threatening to tank the market by driving prices down. If the markets shrink the blame will fall on the government and make their lives much harder.
US Mayors Want To Be Paid In Crypto
Francis Suarez, the Mayor of Miami, is going to take his entire salary in crypto. Eric Adams, Newy York Mayor Elect, tweeted he will take his 1st 3 cheques in Bitcoin when he takes office.
Jane Castor, Mayor of Tamps Florida, has also floated the idea of getting her paycheck in Bitcoin.
Entrepreneur Apparently Tortured For His Crypto Passwords
Zaryn Dentzel, cofounder of trhe Spanish Social Network Tuenti has claimed he was tortured for hours in his Madrid flat by 4-5 assailants who later fled with his crypto passwords.
The attackers apparently gained access to his flat, covered all the security cameras before beating him, torturing him and slashing him with a knife. The alarm was raised by neighbours who heard screaming and cries for help.
The Wealth Gap View: We hope this story is a tax scam rather than authentic.
Elon Cracks a Funny…
Explanation (we think):
Michael Saylors MicroStrategy company owns all its Bitcoin through a subsidy company called Macrostrategy LLC
‘Hard’ could be referring to hard currency (capped amount) which would be Bitcoin
Microsoft is the biggest company in the world (does not own Bitcoin)
Ok it’s not that funny
Until Next Time
The Wealth Gap