Summary of the Week
Despite some relative sideways action during the week, there was a lot of excellent news and even more bullish news; a new layout for this week’s roundup. It was another week of ETFs, billionaires and politicians being bullish and Jack Dorsey’s companies pushing further into the bitcoin space. Let’s have a look at this week in bitcoin.
Monday
The week started off bullish, despite dipping below $60,000 last weekend. A report revealed that Mastercard, in partnership with Bakkt, plans to allow its merchants worldwide to accept bitcoin[1] payments in the near future. Sadly, VanEck’s bitcoin ETF was delayed from launching on Monday.
Billionaire investor, Anthony Scaramucci, confirmed that his bitcoin investment[2] was worth over $1 billion dollars, seeing a dramatic climb over the last few months and Notorious “crypto clown,” Elon Musk, confirmed that both he and Tesla were still holding onto their bitcoin.[3] U.S. Senator Rand Paul also stated that bitcoin will become the reserve currency of the world[4].
If all of that wasn’t hyperbullish, news broke that payments giant Square would release the white paper[5] to the not-so-secret bitcoin exchange project some time in November 2021. Reports also emerged that Twitter was testing bitcoin tipping for Android[6].
Tuesday
Tuesday had big shoes to fill and started with news that Argentina’s largest futures market was working on creating bitcoin futures and options contracts[7]. An Ohio Senate candidate told voters at a rally that they should “buy bitcoin and avoid debt.”[8] The U.S. FDIC chair, Jelena McWilliams, stated that they were working on a more precise set of rules for banks[9] interested in engaging with bitcoin and cryptocurrency.
U.S.
