6:59 am on July 8, 2023 | Read in 3 minutes
The crypto sector has been a mix of optimism, bold predictions, and cautionary tales this week.From Elon Musk’s silly promise to eat McDonald’s Happy Meal on live if fast food giants adopt McDonald’s Happy Meal dogecoin (Crypto: DOGE) The story was both intriguing and varied, from a man’s unfortunate decision to sell his home at the peak of the 2021 bull market and invest the proceeds in cryptocurrencies. Let’s dive into the details.
Dogecoin’s Challenge to Elon Musk’s McDonald’s
Elon Musk If fast food giant adopts McDonald’s Happy Meal, he reaffirmed that he would eat McDonald’s Happy Meal on live TV dogecoin (CRYPTO: DOGE) can be used as a payment method. This follows a Twitter exchange with Mr. Musk. doge designer, who proposed this idea. Dogecoin continues to build momentum and awareness throughout 2021, but has yet to see widespread adoption by the majority of retailers. Read the full article here.
Enter to win $500 in stock or cryptocurrency
Enter your email to get the ultimate Benzinga morning update, a free $30 gift card and more.
Man sells house for cryptocurrency investment
In an unreleased documentary titled “The Highest of Stakes,” a man sells his house at the peak of the 2021 bull market, with the proceeds going to cryptocurrencies. Hexadecimal. The man claimed to have done everything in his power to dispose of all of his family’s assets for this risky business. The specific amount was about 240,000 HEX. Read the full article here.
Dogecoin Soars on Biggest Short Sale
dogecoin It experienced a significant rally, recovering the $0.070 level for the first time in four weeks.On-chain analytics company santimento The recent rise could be attributed to DOGE’s biggest short sale in 2023, it reported.Prominent pseudonymous analyst Kaleo expressed optimism about DOGE’s future, suggesting that the cryptocurrency could hit $0.10 sooner than expected. Read the full article here.
Mark Cuban on DeFi’s advantages over traditional finance
Mark Cuban Traditional banking systems have many layers of protection against corruption and social engineering hacks, but they also come with drawbacks such as increased costs, complexity, and limited access to those in need. said. He argued that the risks associated with smart contracts would diminish over time and encouraged individuals to gain a basic understanding of cryptocurrency lending. Read the full article here.
Tim Draper’s Revised Bitcoin Prediction
Billionaire and long time supporter of Bitcoin Tim Draper corrected his predictions for Bitcoin (Crypto: BTC) crosses the $250,000 mark. He now believes Bitcoin could soar above $250,000 by 2025. Read the full article here.
You can read more about Benzinga’s cryptocurrency coverage by clicking this link.
Join us at Benzinga’s Future of Crypto on November 14, 2023 in New York to stay up-to-date on trends in AI, regulation, SEC action, institutional adoption and more in the crypto space. SECURE YOUR EARLY DISCOUNTED TICKETS NOW!
Photo by Chinnapong on Shutterstock
Hello, this is Benzinga Newsbot. We’ve compiled a roundup of the most read articles in specific segments of the Benzinga website above. You can always read the full article written by a human colleague by clicking on each link. This article was reviewed by Benzinga editors in accordance with the publication’s editorial guidelines prior to publication.
© 2023 Benzinga.com. Benzinga does not provide investment advice. all rights reserved.
