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Why Bitcoin $BTC Crashed | Midas Letter Today ft $NUR

Monday, January 10, 2022 17:22

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Crypto markets have been taking a beating lately. The latest drop comes after deadly protests hit Kazakhstan resulting in power outages and a halt to the country’s rapidly expanding crypto mining industry. Kazakhstan accounts for around 18% of the global bitcoin output. The internet shutdown prevented miners from accessing the bitcoin network and dropped BTC and crypto prices.

If electricity can manipulate the price of a Bitcoin so dramatically and quickly, does this call into question the validity of its use as a currency?

James West diagnoses cryptocurrency weaknesses, the stock market today (January 10, 2022), pandemic factors on the future of markets, commodities, and tech stocks.

Today’s special guest is NuRAN Wireless Inc (CNSX: NUR, OTCMKTS: NRRWF) President and CEO Francis Létourneau

NuRAN recently announced a US$15M agreement with a development finance institution to fund its Cameroon & DRC projects. The CEO discusses the disruptive network-as-a-service (NaaS) telecom company’s latest developments and how its recurring-revenue contracts make the company’s shares undervalued.

Original article: Why Bitcoin $BTC Crashed | Midas Letter Today ft $NUR

Source: https://midasletter.com/2022/01/why-bitcoin-btc-crashed-midas-letter-today-ft-nur/

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