Week of September 10, 2021
00:00 – Market overview
00:24 – Big Macs in BTC in El Salvador
01:30 – Dolce and Gabbana’s NFT project
#Bitcoin #ElSalvador #Bitpanda #DolceandGabbana #NFTs
▬ Market cap, Bitcoin dominance & Fear and Greed Index ▬▬▬▬▬▬▬▬▬▬▬▬
We have seen a swing from greed to fear in the Index this week, but after a month of greed, that’s actually quite healthy.
Let’s also look at the top moving assets for the last 7 days on Bitpanda to get your gears grinding before you start yourself:
▬ Big Macs with BTC in El Salvador ▬▬▬▬▬▬▬▬▬▬▬▬
In pretty historic news, this week El Salvador became the first country to accept Bitcoin as legal tender. What this means is that along with the US dollar, its national currency, people can now not only pay at specific businesses who allow for bitcoin payment, but also for government related expenses like taxes or debt.
This is a historic moment as we are starting to see the real-life applications for Bitcoin as a store of value.
Speaking of, have you ever wanted to buy your Big Mac with bitcoin? Or a McChicken, if that’s your burger of choice. Well, now you can! 19 different McDonald’s now accept Bitcoin as a valid form of payment and it isn’t the last, with El Salvador seeking to constantly bring in more businesses and players who will do the same.
The 7th of September was then deemed “Bitcoin Day” as a way to celebrate the event. Unfortunately, BTC then took quite a large dip afterwards, by about 16% afterwards, heading to its lowest level for weeks. Meanwhile, leading market analysts see BTC derivatives as the core driver of this development. Long-term BTC hodlers are at an ATH at the same time.
Don’t have a clue how paying with Bitcoin could work? You’re in luck, because I have linked you to a blog article below!
▬ Dolce and Gabbana’s NFT project ▬▬▬▬▬▬▬▬▬▬▬▬
Fashion lovers, this is your time to shine! If this year’s NFT craze wasn’t proof enough that tokenisation and digitisation are the future, this will certainly sway some opinions.
Iconic Italian fashion house Dolce and Gabbana, known for their eclectic styles and dresses that, let’s face it, even I could pull off, recently announced their very own NFT collection.
Designed by Dolce and Gabbana themselves, the NFTs are illustrations of various clothing pieces. Unfortunately, most people will not have access to bid on these, as they are reserved for special clients and those who are pre-approved to take part in the auction.
The fashion house tweeted: “This is a celebration of human artistry and craftsmanship. Of what humans can do that machines simply cannot on their own. These creations, both digital and physical, are magical.”
Who knows, maybe some of us will be able to get our hands on these NFTs one day.
▬ About Bitpanda ▬▬▬▬▬▬▬▬▬▬▬▬
Bitpanda is a fintech based in Vienna, Austria and was founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer. Bitpanda has 3 million users and more than 500 team members. With a PSD2 payment service provider licence, state-of-the-art security and streamlined user experience, Bitpanda has grown into a popular trading platform for newbies and experts alike. The goal is to tear down the barriers to investing and personal finance through digital assets and blockchain technology like cryptocurrencies, precious metals, fractional stocks and ETFs and to bring traditional financial products into the 21st century.
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