The Elon Musk NFT Situation & MicroStrategy Suffers $170.1M Loss [Crypto Espresso 05.4.22]

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• Elon Musk Has Dig at NFTs, ‘Steals’ Bored Ape Picture and Says Some Users May Pay for Twitter

The world’s richest man has changed his avatar to a collage of Bored Ape NFTs — and the image’s creator wants Musk to remove it or give him a credit.

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• The WSJ Says NFT Sales Are ‘Flatlining’ — But is This the Full Story?

The market has cooled substantially in recent months — but statistics from DappRadar indicate that demand for NFTs might not have fallen by as much as the newspaper suggests.

• MicroStrategy Suffers $170.1M Impairment Loss on Bitcoin in First Quarter of 2022

Rather awkwardly, this impairment charge actually eclipses MicroStrategy’s total revenues between January and March 2022, which stood at $119.3 million.

• Crypto Mortgages: Investors Must Be ‘Skeptical’ as They’re Risky, Analyst Warns

Looking at the current financial climate, an analyst from Weiss Ratings warns that the value of property — and major cryptocurrencies — has the potential to fall in the short-term.

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  1. <Always good to hear your thoughtful and logical analysis. I think we are entering a crab market Personally. We will still get our pumps and dumps but based purely on what the Fed are doing. That being said, as traders we can still make good money Thanks to Katherine P Mandell for her amazing skills for helping me to earn 10 Btc through trading chart.  Great TA as always>

  2. Nice content mate! So happy to announce that I have gained financial freedom by investing in digital currency. Now I know that multi creation of various streams of income is the ideal Principle for financial sustainability.

  3. way to blend two different Elon topics to make him look like the villain, the FUD is real

  4. Despite the economic fluctuation, I’m so excited I’ve been earning $45,000 from my $10,000 investment everyday 10days.

  5. I believe that the inflation is already priced in crypto market since the end of last year. These manipulative rats are always 2 steps ahead of everybody because they are market makers. I hope I’m wrong and they won’t keep dumping it on retail investors as always. Those who hold the longest will profit the most, I trade and hold profits keep up the great work! and also Lei Yiming has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio from 1.76BTC to 8.9 BTC lately.

  6. Excellent!! You ARE a great teacher. Very humble and confident. Thanks I am going to try to make money by NFT.

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