FRIDAY FLASHBACK!

Hey fam!

Y’all know the drill, it’s Friday so this is a recap of this week’s discussions!

We talked about the good news VS the not-so-good news. The good news was that bitcoin prices were up around 10% for the week (and as of yesterday it was at $30,404.) How’s that for change even though it’s small?😄 The not-so-good news was that crypto was still hovering near multi-year lows. 😩

We talked about how surging inflation, a halfway crippled economy, no more COVID stimulus, and a war in Ukraine, caused trillions of dollars of investors’ gains to be erased. Things will get better even if prices continue to skyrocket, and I’m still here encouraging you not to quit!

Cryptocurrency is global and it’s not going anywhere. Most Central Banks aren’t in a hurry to encourage their customers to invest in it, although last August, JP Morgan Chase began an in-house BTC fund for its Private Bank clients.🙄 (Once upon a time JP Morgan Chase was in the "never-bitcoin" lane as a mega-bank, but they’ve since changed their tune; it seems like they are now participants in the digital assets market even though it could be on a small/beginner level.

I am pretty sure that they do see the potential of crypto though! I believe that many banks are scrambling right now to try and figure out how best to get their cut from the millions generated by cryptocurrency transactions. I’ll keep you posted!

As DEFI banking continues to soar and banks are trying to figure it all out, it’s quite OK for us to be buying, selling, trading, exchanging, holding, and staking crypto, and we will!🙌🏾

Enjoy the weekend! MUAH!

Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™ . The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post.