Elon says Dodge will be better than BTC and ETH

Over the years, Thuan has consistently identified average price investments in Bitcoin, as well as a number of other altcoins. With a good asset, including stocks, real estate, etc., the long-term averaging strategy is still effective and helps investors make big profits.

With Bitcoin, the price has grown significantly year after year. Investors who believe in the long term future have received returns on their investments. Achieving such results is a disciplined process that regularly averages prices even when the market is trending down or sideways, which puts investors off. For each person we need to have a specific plan for deciding what to do at each moment.

After a quiet time, Elon Musk shared a tweet about Dogecoin yesterday. He said that Dogecoin will have a new update soon that can handle more first-level transactions and possibly better than BTC and ETH. And Elon Musk, with BTC and ETH in mind, is pursuing a second-level transaction system to solve the problems of slow networks but slow base layer transaction speeds and high transaction costs.

Following that tweet, Dogecoin price rose slightly by 5% after falling more than 11% in the past week. Elon Musk’s influence on tweets about Dogecoin has waned and is no longer the same as it was before. This is good news for the crypto market.

Following the announcement of the Circle company’s listing behind the USDC, the Bullish company also made a similar announcement. Bullish Global, the cryptocurrency company managed by blockchain software company Block.one, announced plans to list on the New York Stock Exchange (NYSE). That news caused EOS to jump 10% over the past day.

According to the announcement, the bullish company plans to list shares through a merger with a special purpose vehicle (SPAC) called Far Peak Acquisition Corporation. Far Peak is led by Thomas Farley, who previously served as NYSE President from 2014 to 2018. Upon completion of the transaction, Farley will serve as Bullish CEO while Brendan Blumer, Director Executive Block.one, will become President.

The merger, which is expected to complete before the end of 2021, is currently being approved by the boards of Bullish and Far Peak. The value of the SPAC merger is expected to reach $ 12 billion for Bullish.

Some other information:

• Capital International, a $ 400 billion investment company, bought MicroStrategy shares for $ 600 million and became the second largest shareholder.

• Apple co-founder Steve Wozniak spoke out in favor of BTC, saying that Bitcoin is the greatest math miracle. He also said that BTC is better than gold, gold can’t know how much is left, but BTC tells us that.

• In a letter to the President of the SEC, Senator Elizabeth Warren asked for answers on crypto regulation by July 28th. She has previously made many statements expressing her aversion to crypto, but now she is demanding clear legislation from the SEC. Currently, the SEC doesn’t have much movement regarding crypto, but if there are clear laws around crypto it will help investors feel more secure about entering the crypto market. At the same time, the chances of getting a Bitcoin ETF are higher if there is a crypto law.

• A Disruptiva poll found that 54% of Salvadorans are opposed to the government’s new Bitcoin law. In addition, 46% of respondents said they know “nothing” about Bitcoin. What the Salvadoran government will need to bring more information about Bitcoin and crypto to its citizens. El Salvador has reached the historic milestone when BTC was first accepted as a national currency. The country will also take a lot of effort to determine the steps to apply for BTC.

• Paraguay wants to be a crypto-friendly country and next week will introduce a bill to accept BTC as a legal investment and encourage companies to invest in crypto.