ilmscore | Why Crypto Is Crashing

Why Crypto Is Crashing

Published: 2021-11-19
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
JP Morgan predicts Bitcoin will reach $146,000.
"jp morgan just announced that they think bitcoin is going to go to 146 000"
Bitcoin Price Prediction
Pending
Ethereum is predicted to reach $15,000.
"and that means ethereum is going to go closer to 15 000"
Ethereum Price Prediction
Pending
JP Morgan predicts Bitcoin could fall to $35,000.
"things could go equally just as low to maybe 35 000 according to jpm"
Bitcoin Price Prediction
Pending
Starting in 2022, the wash sale rule will prevent selling assets at a loss and then buying them back to claim tax deductions.
"by 2022 we will no longer be able to sell our assets at a loss and then buy the same thing to claim those tax deductions"
US Crypto Regulations
Pending
The Taproot upgrade is expected to bring improved privacy, efficiency, and smart contract capabilities to Bitcoin.
"the taproot upgrade went through which means that bitcoin will have better privacy better efficiency and the capability to do smart contracts kind of like ethereum"
Bitcoin Taproot Upgrade
Pending
The SEC's rejection of a spot ETF is expected to negatively impact Bitcoin's price, which had factored in its approval.
"the sec rejected another spot etf and this is bad because a lot of bitcoin's price this year was baked in on the assumption that this year we'll get the spot etf but now it looks like that's not gonna happen"
Bitcoin Spot ETF Approval
Pending
Tether's market cap increased fivefold from $15 billion to $75 billion between October of last year and October of this year.
"last year in october their market cap was sitting at 15 billion dollars and this year in october it went up to 75 billion that's a factor of exactly 5x"
Tether Market Cap Growth
Pending
A widespread panic to convert Tether to dollars could lead to a liquidity crisis and the collapse of the stablecoin system due to insufficient dollar backing.
"if enough people panic at the same time and want to convert their tethers for dollars we might find out there's not enough dollars to convert back to and if that happens there could be a huge liquidity crunch and a whole collapse of the whole stablecoin system"
Tether Liquidity Risk
Pending