Originally aired on February 06, 2023
The United States Congress will hold a crypto crash hearing on February 14, 2023, where lawmakers will discuss the regulatory framework for cryptocurrencies. Meanwhile, old school investor Charlie Munger thinks the government should ban cryptocurrencies while Michael Saylor disagrees and says Munger doesn’t understand Bitcoin. The NFT market is experiencing a comeback with SingularityNet up 117%, and Zoomer Shiba Inu up 24%. FTX has invested in many projects, and if some of them blow up and get huge, investors may end up getting their money back while retail may get screwed.
Should Congress Regulate Cryptocurrencies?
- The US Congress is scheduled to hold a crypto crash hearing, where lawmakers will discuss the regulatory framework for cryptocurrencies.
- Charlie Munger thinks cryptocurrencies should be banned, while Michael Saylor disagrees and says Munger doesn’t understand Bitcoin.
NFT Market Resurgence
- SingularityNet has experienced significant growth at 117% while Shiba Inu is up 24% signaling a NFT market comeback.
FTX’s Massive Investments
- FTX has invested in several projects that may blow up and if they get huge, investors may get their money back while retail may get screwed.