The Truth About The Elon Musk BBC Interview [ Crypto Espresso 4.12.23 ]

It's Wednesday and you know what that Means well it might be crypto espresso Your teeny tiny daily shot of Caffeinated crypto headlines as your Host Andrew I take great pride in Launching news at your face like it's Some kind of comedic news pie uh first Up later today the ethereum blockchain Will complete its latest Milestone two Upgrades called Shanghai and capella or Chappella if you will take place tonight And this means that validators who have Locked up their ethernet deposit Contract some since back in December 2020 we'll finally be able to initiate Withdrawals if they want to of course The big question is how eth's price will React and whether it'll trigger selling Pressure past major upgrades have proved Underwhelming when it comes to ether's Performance possibly because they've Already been priced in and when it comes To whether validators will shut up shop Glass node estimates that just one Percent of the 18.1 million eth that's Within the deposit contract will be Offloaded long-awaited Consumer Price Index figures from the US have landed And inflation during March came in at Five percent slightly less than the 5.1 Percent economists have forecast while Still above the target rate of two Percent this is their lowest level in Two years and all of this will fuel

Analyst expectations that the Federal Reserve is gonna slow the pace of Interest rate hikes coin market cap data Shows that Bitcoin neared thirty Thousand five hundred dollars on Wednesday but failed to accelerate Beyond this the world's biggest Cryptocurrency has risen by 6.67 over The past week comfortably outperforming Most major altcoins and bitcoin's Dominance its overall share of the total Market cap of crypto is continuing to Creep up and currently sits at 47.4 Percent for much of 2022 microstrategy Was on the losing side of an enormous Bet but now the business intelligence Firm is on the brink of changing the Narrative bitcoin's recent Spike meant That Michael Saylor's company was Briefly sitting on a modest profit when It came to its vast War chest of 140 000 Bitcoin at the time of writing Microstrategy has spent 4.28 billion Dollars on its Bitcoin reserves and they Currently have a value of 4.2 billion Dollars of course this is still a long Ways off from the billions of dollars in Paper profits that the company had Enjoyed at the peak of the 2021 bull run But Michael Saylor is holding firm and He has continued to increase Microstrategy's Bitcoin allocation in Recent months he recently points to how Bitcoin was the top performing asset

Class in q1 billionaire crypto and Doge Enthusiast Elon Musk has given a hastily Arranged interview to the BBC in which He admitted that the pain level has been Extremely high since he bought Twitter The CEO revealed that he often sleeps in The office because of his punishing Workload which also involves running Tesla he also acknowledged that some of His past tweets have been controversial And conceded that tweeting after 3am It's probably not a good idea while There wasn't much discussion on crypto Matters on the live interview days after He inexplicably changed the website's Logo to Doge he did claim that Twitter Is back to breaking even after wooing Back advertisers it's not been boring It's been quite a roller coaster musk Said and finally a former investment Banker has been charged with operating a Crypto investment fraud scheme Rashawn Russell was arrested in Brooklyn and is Accused of defrauding numerous investors To fund his lavish lifestyle as is Common in such cases it's alleged that He had promised victims large and Guaranteed returns but in reality it's Claimed that this Capital was used for Gambling extravagant purchases and Repaying other investors one victim who Requested to withdraw their funds was Allegedly sent a doctored wire transfer Confirmation to make it seem like the

Transaction had been finalized Russell Is 27 years old and used to work for Deutsche Bank if he's convicted he faces Up to 20 years behind bars and speaking Of bars of all the engagement spiels and All the crypto news and all the internet You had to like this video subscribe to Our YouTube channel and click on that Little bell icon to get buzzed whenever A new crypto espresso video goes live Thoughts on today's episode well drop us A line in those comments below because I Read them and I take them far too Seriously and I have to have a Discussion with my therapist about that Questions about today's headlines or Crypto in general take the plunge and Ask Alex in that description below Alex Is always a great resource for all Things web 3 and the metaverse and that About does it for today again I've been Your host Andrew these have been your Headlines and we'll see all of your Beautiful shining faces tomorrow