Dubai: Crypto & Coffee at 8: 🚨 06th Dec 🚨 💯 Crypto Price predictions are 100% right 50% of the time! ❌ Crypto Winter: You’re Fired🚨 Asian countries Love for Central Bank Digital Currencies (CBDC)
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06th December

🤣💯 Crypto Price predictions are 100% right 50% of the time!

🏦 Multinational giant Standard Chartered Bank considers potential downside for Bitcoin in 2023 as the cryptocurrency ecosystem weathers the collapse of FTX. Eric Robertsen weighed up a potential drop in Bitcoin’s value correlated with a surge in physical gold. Article by Bloomberg https://tinyurl.com/yckk6btz . It also states Nicholas Frappell, global head of institutional markets at ABC Refinery in Sydney that “Gold will benefit going forward from the problems in crypto, with the sudden decline in confidence in the crypto ecosystem,”

👀 Peter Schiff in response to the article yesterday mentioned via Twitter #Bitcoin has far more downside risk than 70%. After such a decline Bitcoin will still be way over-priced, so $5,000 will not even be close to the bottom. Tweet here https://tinyurl.com/57cdeduf

👀 Last week Mark Mobius told CNBC last week that he sees bitcoin falling to $10,000 in 2023 due to rising interest rates and tighter monetary policy from the U.S. Federal Reserve. Article here https://tinyurl.com/y5czxxru

🟠 Meanwhile, an article by Cointelegraph states that renowned Venture capitalist and blockchain investor Tim Draper touted Bitcoin hitting $250,000 next year, According to him the FTX fiasco would lead to greater decentralization, adoption of BTC and increased self-custody by users.

If you had $10,000 what would you invest in?

• Gold

• Bitcoin

• Shitcoins

🚨 Asian countries hate Bitcoin, Love for Central Bank Digital Currencies (CBDC)

The State Bank of Pakistan (SBP) signed in new laws for Electronic Money Institutions (EMI), EMIs are non-bank entities that will be licensed by the State Bank of Pakistan (SBP) to issue e-Money for the purpose of digital payments. News via arabnews today here https://tinyurl.com/5n7jpfbv

Cointelegraph article states this is done to ensure the timely issuance of a CBDC in the next three years. In addition to timeline adherence for the CBDC launch, the regulations warrant preventive measures against money laundering and terror financing while considering consumer protection and reporting requirements. https://tinyurl.com/2p8memfx

🧐 The regulations have been designed with the help of The World Bank

❌ Crypto Winter: You’re Fired

🚨 Bybit & Swyftx have announced headcount reductions as crypto winter continues

• Bybit: Official news via Twitter by CEO here Ben Zhou https://tinyurl.com/2k7t33ba The downsizing will be across the board.

• Earlier today, Swyftx co-Founder and CEO Alex Harper sent the following note to all our team members after addressing colleagues at a town hall. Unfortunately, they are saying goodbye to 90 talented friends and colleagues. https://tinyurl.com/362nctac

💥 2 UAE news (Slides)

⚡Dubai Future Labs signs agreements to drive innovation in aviation and logistics (Blockchain) DUBAI FUTURE FOUNDATION

⚡ UAE launches initiative to support top 100 start-ups

For slides: https://tinyurl.com/2p9cz7dk

LinkedIn Profile: https://tinyurl.com/569zh78j

To help support the channel click the links below ⚡Startup Oi Link here: https://bit.ly/3f46zC5

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