Sudden Change In Outlook

Jack has the torch!!

Over the last two and a half weeks, a new bitcoin game called "pass the torch," has been growing in popularity.

The game involves a user, who can be anyone from the crypto community, receiving a transaction through Bitcoin's lightning network, then adding 10,000 satoshis (approximately $0.34) and passing the entire pot to the next player.

The fun was started on January 19th by @hodlonaut. So far the torch has changed hands 153 times and the pot is up to 0.0286 BTC ($94.61). Last night, the game was kicked up to the next level when the torch was passed to the founder and CEO of Twitter and the CEO of Square, Jack Dorsey.

Now, to say that Jack is a bitcoin advocate is a bit of an understatement. Over the weekend, he was on the air with Joe Rogan stating that bitcoin will probably become the native currency of the Internet. 

Engaging the community on Twitter yesterday he stated several times that the only coin he holds is bitcoin. He also said that he views it as a currency rather than an investment and that he wouldn't consider holding any other coins, not even Ether.

The Square Cash App has recently become a major on-ramp for people buying bitcoin. When asked yesterday whether Square would add other cryptos to the Cash App, Jack replied with a simple "Nah"

Traditional Markets

Perhaps for the first time since he became President, Donald Trump has publicly spread a message of unity and bipartisanship. 

In the annual State of the Union Address last night, Trump drew cheers and applause from both sides of Congress as he urged Republican's and Democrats to work together as one.

This is a stark contrast to what we're used to hearing from the controversial President Trump. Many were expecting that he might use the speech to declare a state of emergency in order to procure funding for his Southern Border wall but instead, he made a very pragmatic case, backed by logic, statistics and expert testimonies, for why it is necessary. Nobody could have seen this coming.

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Please note: All data, figures & graphs are valid as of February 6th. All trading carries risk. Only risk capital you can afford to lose.

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