FTX founder arrested, 13% of American held crypto and Bitcoin investors will get richer

December 16, 2022

Crypto Market Update 16-12-22

Hello everyone and welcome back to our weekly recap with what's happening in crypto 🔥

Our curious fact for this week is old… very old… surprisingly it’s seems we’re still living in the same geological epoch (the Holocene) as our ancestors that lived 12,000 years ago 😲 but things are about to change: scientists are expected to decide by the end of the year that the Earth has entered a new epoch called the Anthropocene, a decision based on human's latest impacts on geology. Some things really do last a long time 👨‍🦳

Now to our traffic light🚦:

🔴 FTX founder Sam Bankman-Fried has been arrested.

A story no one would have imagined two months ago, ends in what we all knew now, SBF has been arrested by the Bahamas authorities (more info) and will now enjoy a stay in one of the 5 worst prisons in the world, Fox Hill prison. The curious thing is, not too long ago, when he was bailing out failing blockchain companies, SBF was being hailed as crypto’s Warren Buffett. Now, he’s being compared to Bernie Madoff. 😬

🟡 13% of Americans have now held crypto.

J.P.Morgan, the world's largest bank, has done the research and delivered the verdict - crypto adoption continues to grow (more info). The crypto market has been through a series of shocks in 2022, but this new report shows the longer trend is toward greater crypto ownership. Things keep rolling.  🙂

🟢 “Bitcoin investors will get richer”.

In a recent tweet the famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that bitcoin investors will get richer (more info) when the Federal Reserve, the Treasury, and Wall Street pivot and trillions of dollars are printed. Although many have left the space, the truth is that it’s bear times that give great gains, so we should not disregard such words. 😃

As always, positive news to go into the weekend green


Great job on learning something new today 🎉