NASCAR driver Landon Cassill never imagined that something he’s passionate about from the Internet would cross over to the track. Cassill however, has become the first driver to have primary sponsorship paid entirely by cryptocurrency for nearly an entire season.
More investors are getting involved in the crypto space, ranging from seasoned venture capitalists to internet celebrities. Addison Rae’s family has joined the digital crypto rush through their investment in Gryphon Digital Mining.
Bitcoin continued its downward trajectory on Monday, touching a low of $31,700 on the Bitstamp exchange as markets digested a downbeat inflation report from the US Federal Reserve coupled with an intensified clampdown in China.
Julian Assange’s continued imprisonment at the hands of nation-states is a testament to the fact that he could only be stopped through force on his person. It is a reminder of bitcoin’s unique resiliency to the strongest of attackers — and a reminder of why bitcoin matters in the first place.
Maybe, just maybe, the experience is more than the thing.
And that might be just in time to save a sector from over-hype, a crypto collapse, and massive over-saturation as everyone’s Microsoft Paint juvenilia floods into the NFT markets.
What drives El Salvador and other Latin American economies’ interest in the use of bitcoin as legal tender? Obviously, perceptions of cryptocurrency risk are not the same for strong economies as for those that have long been subject to fluctuations in monetary policy and hyperinflation.