Forbes - Bitcoin dads 👨

CryptoCodex


	Good Wednesday morning. This is Billy Bambrough with what's driving the day in the world of bitcoin and crypto.


	Was this newsletter forwarded to you? Sign up here! Got a crypto-curious friend? Forward Codex to them to help get them up-to-date and ahead of the market!

24-hour crypto market snapshot

$38,531

$2,774

$1.07

$20.43

Could alt season be back? 🍃


	Cryptocurrency prices have continued their upward trend over the last 24 hours, with the bitcoin price climbing to within touching distance of $40,000 before dropping back slightly. Bitcoin's up 1% since this time yesterday with ethereum around the same. However, some smaller coins are making outsized gains even as some think bitcoin is "beginning to reassert its dominance over challengers to its cryptocurrency crown." Cardano and solana, two of ethereum's major rivals, and up 2% and 4% respectively this morning, while smaller contender polkadot is up 5%. Cardano developers have proposed a small increase to the cryptocurreny's block size in line with a broader plan for increasing network capacity. Good to know: Bitcoin halving will stir next crypto frenzy, Thai exchange says

When you make a purchase through links in this email, the author may earn a commission.

Crypto is evolving, are you?

Anyone following crypto knows how volatile the market can be. Forbes CryptoAsset & Blockchain Advisor looks at the universe of viable crypto assets with proprietary analysis and insider crypto knowledge to guide you to the best choices. Set yourself up for success in the new year and learn how to make smart investments on this breakthrough technology by leveraging deep-dive interviews and more to further establish your portfolio and fuel profits.

For successful subscription, disable your adblocker

Join Forbes Crypto Asset & Blockchain Advisor

The Dorsey and Saylor show 🎭



	Michael Saylor has pivoted his company MicroStrategy to a bitcoin acquisition vehicle Getty Images


	A panacea: Jack Dorsey, the former Twitter chief executive who left the social media company last year to focus on running his payments company Block, has reiterated his belief that bitcoin will be able to cure many of societies ills and called on companies to study bitcoin and how it could potentially improve their operations. Change is bad: MicroStrategy chief executive and bitcoin evangelist Michael Saylor interviewed fellow bitcoin believer Dorsey during the second Bitcoin for Corporations conference about how corporations could integrate and use bitcoin. "We're the closest we've ever been to having a native currency for the internet with bitcoin," Dorsey said, praising bitcoin for its dependability and immutability. "Slow things tend to last and be more predictable and secure," he added. Meta-stasis: Dorsey was meanwhile scathing in his criticisim of Meta's failed cryptocurrency project, Diem, saying the company's founder and chief executive Mark Zuckerberg should have focused on bitcoin. Meta, which will report its latest earnings and update investors this evening, offloaded Diem and related assets to crypto-friendly bank Silvergate this week. "Those two years or three years, or however long it’s been, could have been spent making bitcoin more accessible for more people around the world, which would also benefit their Messenger product and Instagram and WhatsApp." Meanwhile... MicroStrategy last night reported a non-cash digital asset impairment charge of almost $150 million in the fourth quarter, up from $65 million in the prior quarter, reflecting the decline in the price of bitcoin versus the price at which it was acquired. The company is currently rowing with the U.S. Securities and Exchange Commission over its accounting practices. Hodl on: MicroStrategy, which now holds just over 125,000 bitcoins, valued at about $4.8 billion at the current bitcoin price of $38,700, will continue to buy more bitcoin and expects more opportunities to use the currency will emerge as banks get more involved in the crypto space. "In a world where, say, Goldman Sachs and Morgan Stanley and Merrill Lynch and Bank of America and CitiGroup and JPMorgan are interested and involved in the space, I think the options that will be available to us will be greater and the counter-party risk that we would have to incur will be less," Saylor said, it was reported by Blockworks, speaking on MicroStrategy's earnings call. The bottom line: Dorsey and Saylor are preaching to the choir. The rest of the world want to see evidence of bitcoin's benefits not just promises. Now read this: Guns, germs, bitcoin and the antisocial right

Google's CEO weighs on on web3 ⚖️

🗯️ The chief executive of Google parent company Alphabet, Sundar Pichai, has waded into the on-going web3 debate, saying he is watching the blockchain space. Web3 is the idea a decentralized, blockchain-based version of the internet will eventually replace web 2.0—dominated by the likes of Google, Amazon and Facebook's Meta.

📞 "Any time there is innovation, I find it exciting," Pichai was quoted by Bloomberg as saying on Alphabet’s earnings call in response to a question about the technology. Alphabet last night reported better-than-expected fourth-quarter earnings and revenue, sending shares to all-time highs. "We are definitely looking at blockchain. It’s such an interesting and powerful technology with broad applications."

🥸 Google is one of the few major Silicon Valley companies to so far stay on the web3 sidelines, with Twitter founder Jack Dorsey leading the backlash against what he claims are centralized organizations masquerading as decentralized.

Now read this: Bitcoin—Delusions of money

	Billy Bambrough
	Forbes Senior Contributor

I am a journalist with significant experience covering technology, finance, economics, and business. I write about how bitcoin, crypto and blockchain can change the world.

Follow me on Twitter or email me.

You’ve received this email because you’ve opted in to receive Forbes newsletters.

Unsubscribe from CryptoCodex.

Or, manage your paid subscriptions on your Forbes profile here.

Manage Email Preferences | Privacy

Forbes Media | 499 Washington Blvd.

Jersey City, NJ 07130

The Great Resignation Hits Main Street | Celebrity Entrepreneurs | Common Small Business Mistakes

Wednesday, February 2, 2022

Plus: Members Of Congress Say Small Business Owners Should Watch These Trends In 2022 ADVERTISEMENT Forbes Nearly two years ago, the coronavirus started to spread across countries and continents,

How To Cope With Career Regrets | Execs Don’t Want To Commit To Pay Boosts | Minnie Mouse’s Pantsuit

Tuesday, February 1, 2022

Plus: How Spotify Is Responding To Their Unfolding Crisis ADVERTISEMENT Forbes Good morning, everyone. As we kick off the Year of the Tiger 🐅, wishing a Happy Lunar New Year to all who celebrate. This

What Keeps Leaders Up At Night | Corporate America’s Strictest Vaccine Policy | The Google Veteran Building Better Managers

Tuesday, February 1, 2022

Plus: Two essential leadership traits you must master ADVERTISEMENT Forbes Hello, and welcome to another edition of the CxO newsletter. What keeps you up at night? Supply chain constraints, policy

Forbes - Bitcoin dads 👨

Older messages

The Great Resignation Hits Main Street | Celebrity Entrepreneurs | Common Small Business Mistakes

How To Cope With Career Regrets | Execs Don’t Want To Commit To Pay Boosts | Minnie Mouse’s Pantsuit

What Keeps Leaders Up At Night | Corporate America’s Strictest Vaccine Policy | The Google Veteran Building Better Managers

7 Essential Accessories For An Ergonomic Desk Setup In Your Home Office

Fortress Russia | Elon’s Space Junk | Sony’s Deal Replay

You Might Also Like

How to Keep Providing Gender-Affirming Care Despite Anti-Trans Attacks

Guest Newsletter: Five Books

GeekWire's Most-Read Stories of the Week

10 Things That Delighted Us Last Week: From Seafoam-Green Tights to June Squibb’s Laundry Basket

🥣 Cereal Of The Damned 😈

The Sunday — March 9

☕ Chance of clouds

Federal Leakers, Egg Investigations, and the Toughest Tongue Twister

Strategic Bitcoin Reserve And Digital Asset Stockpile | White House Crypto Summit

Researchers rally for science in Seattle | Rad Power Bikes CEO departs