congratulations to all of you celebrating bitcoin's new all-time highs if your portfolio
is up today give this video a like it's thursday the 21st of october my name is jessica and let's
see what we've missed in the last 24 hours there is a lot to catch up on jumping straight in price
did someone say 67 000 usos for a single bitcoin we'll take a look at the price action of the
largest crypto is mcdonald's much love in the new china digital juan the fast food chain rolls out
test restaurants across china and dm the payment system linked with facebook hits back at u.s
politicians and an end to a seven year wait will the users that fell victim to the mount got hack
finally receive their compensation well let's jump straight on in we have to start with the price
what 24 hours bitcoin rallied to 66 930 us dollars on wednesday increasing almost two
thousand dollars in the value in space of 25 minutes all eyes on bitcoin but you can't ignore
ether was another strong performer up eight point two percent in a single day at the time we'll be
bringing this video the price is up four thousand two hundred dollars and the price beat for a new
all-time high is 4.3 k and it may have been broken by the time you're watching this video
twitter broke out with bitcoin tweets of course elon musk jumped in with a netflix and chill
homage to bitcoin and ether prices tesla revealed it hasn't sold any of its bitcoin investments in
the most recent quarter third quarter does show value of bitcoin stood at 1.26 billion dollars
and after the recent price rally chances are it's significantly higher so with the global markets
cap at 2.68 trillion dollars let's see what's next there is still the pending chinese property
development avigran default uncertainty that could weigh in on bitcoin price research analyst martin
gasper said smaller cryptocurrencies may end up lagging in the near term
but could run higher in december and january you can listen to the full statement on the recent
coin market cap podcast next up the digital juan is being tested across china and one fast food
chain may be expanding the trial even further mcdonald's which stretches across 270 of their
outlets are apparently keen to ensure the digital juan is more widely accepted as a payment method
according to the financial times mcdonald's aren't the only ones supporting the chinese government in
roll out testing nike and visa are also being encouraged to accept the digital juan
one analyst spoke out if we start to see more u.s large household brands like nike visa and
mcdonald's except the digital one it will be pretty good reputation for the digital currency
this still doesn't answer concerns the public have when it comes to privacy of
the use of a digital currency but china does have to be commended for its speedy rollout
far ahead of other regional counterparts in the cb and dc race beijing has been determined to ensure
that its cbdc will be available across china ahead of the winter olympics so time will tell if they
meet the february 2022 deadline in a battle of the strongly wooded letters dm has responded to u.s
politicians this week started with democrats calling for facebook to abandon its plans to
trial the novi crypto wallet in a partnership with coinbase writing time and time again
facebook has made conscious business decisions to continue with actions that have harmed its users
and broader society in a quote they also said facebook cannot be trusted to manage a payment
system or digital currency when its existing ability to manage risk and keep consumers safe
has proven wholly inefficient dm responded that it is an independent organization and facebook's novi
only represents one of more than two dozen members and that facebook's know we will only use paxos
not the dm stablecoin well in a response to u.s politicians calling out the issue of how dm will
prevent financial illicit flows and other criminal activity dm responded that we do believe we have
the most robust controls in the industry when dm comes to market they said in a direct quote
we will do so having reflected the feedback of regulators from around the world with confidence
that dien's payment system is secure will protect consumers and will combat financial crime finally
let's check in with the mount gox hack from 2014. the exchange in 2014 was handling 70 of all
bitcoin transactions worldwide and approximately 850 000 bitcoins were stolen only valued at the
time at 450 million dollars now a rehabilitation plan to reunite victims of the hack had been
approved 99 of affected creditors cast a vote on the proposals with 83 saying they were in favor of
the plans that had been put forward by the trustee the payouts could begin as early as next month and
some victims could become millionaires overnight especially as bitcoin was just a fraction of
today's price all the way back in 2014. now there are some concerns the return of lost funds
could spark a large sell-off however cross-tower analyst martin gasper said if they were involved
in mount gox they were early adopters and early believers i don't think we're going to see much
selling pressure from these sorts of investors he also said in a direct quote bitcoin has continued
to outperform all of the assets during this time frame so i think a lot of them will feel it will
just be safe safer to hold their bitcoin well what do you think in the comments let me know
if you do have any other questions about the wild world of crypto you can always ask alex
in the description box below and don't forget to subscribe to miss any more videos like this