Expert advises withholding Bitcoins. You can get EU citizenship for investing in crypto. Musk no longer wants to promote digital assets. Hamster Kombat players will receive 60% of tokens
“Don’t sell Bitcoins, pass them on to your grandchildren” — expert
Anthony Pompliano, a major investor and founder of Pomp Investments (USA), does not advise selling the first cryptocurrency. According to him, in the future, the value of Bitcoin will only increase.
For many years, the investor has been increasing the volume of BTC in his portfolio and says that he is not going to sell coins in the next 20-30 years. In 2023, the expert started buying Solana as well, with his first purchases at $45.48 per coin.
Pompliano advises not to pay attention to Bitcoin’s price hikes, which have been observed in the market in recent weeks, noting that its value will increase in the long term. The investor is also confident that SOL will be able to capture a portion of the Ethereum market and surpass it in price.
On the night of Monday, August 5, the price of Bitcoin fell sharply to $50.4 thousand. During the day, long positions on BTC worth $720 million were liquidated. In total, the first cryptocurrency has lost 27% over the past seven days. Altcoins also intercepted the downward dynamics: the Solana rate for the last week decreased by 38.6%, and Ethereum — by 33.7%.
Experts of the Coinbase exchange explain this behavior of cryptocurrencies by seasonality. Bitcoin fell by an average of 2.8% during August in the last five years. Pressure on the rate is also exerted by macroeconomic instability and the liquidation of a large volume of coins by the crypto division Jump Trading (USA).
Despite the sudden drop, analysts believe in the recovery of the first cryptocurrency and are preparing for a bullish rally. Standard Chartered believes that Bitcoin will soar to $100 thousand by the U.S. presidential election, which is scheduled for November.
Investments in Crypto Will Help Obtain EU Citizenship
Bitcoin holders can become EU citizens by taking part in the Golden Visa program, which operates in Portugal. According to the terms, applicants must invest €500k in the first cryptocurrency through Unbound Fund.
The CEO and co-founder of the fund, Alessandro Palombo, explained about the new opportunity. He emphasized that Unbound Fund is the first organization to qualify for the Golden Visa program using digital money.
According to Palombo, Unbound Fund invests capital in Bitcoins, and they are not going to sell assets in the near future but plan to hold them, counting on long-term growth. In addition, the organization intends to start buying exchange-traded fund (ETF) shares on BTC issued by BlackRock, which should provide additional safety and security for investors.
According to Palombo, Bitcoin is a successful tool that can be used to improve freedom of movement, and the Golden Visa is a mutually beneficial initiative for cooperation between investors and the country.
Elon Musk Announced He Will No Longer Promote Crypto
Tesla and SpaceX founder Elon Musk has no plans to promote digital coins and tokens in the near future. The billionaire stated this on the X Takeover podcast.
Musk noted that Bitcoin and other currencies have their advantages, but he has no intention of pumping any asset. The billionaire said he still sympathizes with the DOGE memecoin because he loves dogs and related memes.
Elon urged traders and investors to carefully check statements on social network X made supposedly on his behalf. These could be deepfakes modeled by scammers to steal funds.
In July, attackers launched a fake video with Musk, which allegedly broadcast his speech at a conference called “Bitcoin-2024 (USA). In the video, the billionaire encouraged people to send cryptocurrency to a specified wallet to receive double the amount in return.
The video was generated using AI and put on repeat, making it seem like the broadcast had been running continuously for about 72 hours.
Hamster Kombat Players Will Get 60% of the Total Token Supply
Hamster Kombat, a Telegram mini-game, amid rumors of a delayed listing, has released an updated white paper detailing the airdrop’s reward distribution structure.
It is reported that 60% of the HMSTR project’s total token stock will be distributed to players, while the remaining 40% will be allocated to partner programs, ecosystem grants, market liquidity, and other key milestones on the roadmap.
The criteria for token distribution is still uncertain as players are involved in various activities within The Open Network Toncoin (TON). The team has yet to set an airdrop date and admitted that the process will be complicated.
The developers are advertising the token distribution as potentially “the largest airdrop in cryptocurrency history.” If all goes according to plan, the distribution could surpass the popular Telegram game Notcoin.
The white paper states that more than 300 million users play Hamster Kombat, although the number of bots may skew the actual data. The developers assured that every legitimate player will receive tokens.
Want to buy cryptocurrency for cash?
With ObmenAT24, you can exchange USD and UAH to crypto on favorable terms. Offline transactions are conducted through the cash desks of our partners in major cities of Ukraine.
