BitDigest May 20 · Issue #906

• Bitcoin finding support as crypto supporters hope bottom has been found
• Central bankers not viewing bitcoin as risk to financial system
• Central bank of Cuba issues warning about crypto Ponzi schemes

Weekly Stock Update

Glass is Half Full…Let’s Celebrate

I wear an Apple watch and you may not be surprised to know that one of the ‘complications’ on my watch face is the price of bitcoin. I look at this every day, every hours, possibly every minute. I love my involvement in the crypto world but my exuberance probably occasionally leads to anxiety especially as I watch bitcoin go up and down. Sometimes its helps to step back and take a reality check.

Bitcoin’s price broke $30,000 for the first time in early January and ether started the new year at $735. This morning the pricing for the top two digital currencies encompassing 61% of the total crypto marketcap is $39,785 and $2,655 respectively, a year-to-date increase of 36% and 261%.

Crypto prices are definitely down over the past two weeks, but rather than worry about the losses you may have encountered in your portfolio by looking at the glass as half empty (or a third empty in man of our cases), look at the glass as half full and let’s celebrate these year-to-date returns and the progress that this technology has achieved.  Quoting Mike Novogratz (see below) “the revolution has happened.”

The Headlines

Market Data

Thoughts on the Ecosystem

Daily Cartoon