VAULT Cryptocurrency Investments Weekly Update #11 — Surviving the Storm
This week the cryptocurrency world saw more Bitcoin FUD (fear, uncertainty and doubt) coming from the US government. Senator Elizabeth Warren, speaking at the Senate Banking subcommittee meeting, repeated much of the same environmental FUD that Elon Musk brought up weeks ago.
There appears to be a coordinated effort to push the narrative that Bitcoin is bad and dangerous to the environment. This has created a storm of controversy and Bitcoin supporters have pointed out that gold mining and even the banking industry use way more energy than Bitcoin.
Despite this continuing FUD of the harmful environmental impact Bitcoin is supposedly creating, we are seeing the corrected price hold steady through this storm. Hopefully, as this storm passes, the price will rise and Bitcoin and altcoins will emerge stronger.
VAULT Crypto News this Week
Emoji Project (EMOJ) Now Available as Masternode Instant Shares with a FREE Month of Hosting on VAULT Platform!
https://discord.com/channels/560811469932068865/560811944727281677/852226465914814504
Welcome to all the Emoji community!
Cool Down With Solidus SLDS Ice Drop On The VAULT Platform!
https://discord.com/channels/560811469932068865/560811944727281677/852559025643978763
You can keep up with all the news and developments related to VAULT via the following platforms:
VAULT Medium https://vaultinvestments.medium.com/
VAULT Discord https://discord.gg/BEDSGCs
VAULT Telegram https://t.me/vaultinvestments
VAULT Twitter https://twitter.com/VaultInvest
VAULT Coin’s Market Performance This Week
VAULT remained above $5 this week. We saw the high at $5.38 occurring last Thursday. We had a low of $4.52 on Tuesday. We closed out the week at $5.01, down from $5.67 last week for a correction of -10.1% for the week.
We saw an average of $4,167.81 traded daily. This held above the $4,000 daily level and is above last week’s number of $4,151.46.
We saw 100% of the trading volume this week occurring on CREX24. The Minimum Guaranteed Price buy wall of 1,000 VAULT at 10,500 Satoshi continues to be well-protected by investor demand, with orders currently totaling 687.54 VAULT above the wall. Current price is 14,115 Satoshi (0.00014115 BTC), below last week’s closing price of 14,599 Satoshi (0.00014599 BTC).
In addition to the platform, products, use and demand, VAULT continues to benefit greatly from being tied to Bitcoin. This week we saw BTC go down -3.7% with the continued FUD.
Bitcoin (BTC) Update
This week we saw big news for Bitcoin. El Salvador not only accepted Bitcoin but has mandated that all vendors accept its use.
Normally this would be huge news for the growth of Bitcoin. What we saw instead was renewed attacks on Bitcoin and the persistent insistence that Bitcoin is destroying the environment. El Salvador’s president addressed some of these issues by demonstrating how he would be using energy from volcanoes to responsibly mine Bitcoin.
Soon after the announcement by El Salvador, many people began to wonder if the international banks were going to let this move stand.
How could international banking interests shut down this move by El Salvador, and how is it related to all the environmental FUD we are seeing from Elizabeth Warren and Elon Musk?
The answer is something called an ESG (Environmental and Social Governance). This score rates companies and investments based on their impact on a variety of environmental and social issues. If a company or investment can be shown to have a detrimental impact on the environment or if it creates a social concern, then that product can be downgraded or outright banned from receiving funding by lending institutions.
Do you see why all the FUD about BTC is being pumped now? El Salvador has applied for millions of dollars in developmental loans to help support their economy. What happens when the banks that are supplying these developmental loans refuse to renew them because they have failed to uphold the ESG standards required to receive this funding? According to ESG standards, El Salvador is recklessly supporting Bitcoin as legal tender. They are doing severe damage to the environment and will no longer qualify for funding.
Will Bitcoin continue to be recognized by El Salvador and other countries as a currency? It is a big step, but I will be surprised if the powers that be allow it to continue and would expect it to be discontinued soon.
Cryptocurrency News This Week
Another Down Week
Crypto Price Analysis & Overview June 11th: Bitcoin, Ethereum, Ripple, Polkadot, & Matic
Superspreader BTC Conference in Miami
Crypto Attendees Positive for COVID19 Following the Biggest-Ever Bitcoin Event in Miami
People getting tired of Elon
Elon Musk With No Role in Bitcoin Mining Council, Michael Saylor Will Be a Key Member
Elon Musk Was Pressured by Tesla’s Shareholders to Drop Bitcoin Payments, Says Kevin O’Leary
Trump Gets in on the FUD
Former US President Donald Trump: Bitcoin Looks Like a Scam
Countries Still Trying to Figure out Bitcoin
The Netherlands Must Ban Bitcoin Ahead of Price Crash, Says a Dutch Official
China Strikes Again: Blocks Several Crypto-Related Social Media Accounts
India Could Benefit if Crypto is Treated Like Gold, Says Infosys Co-Founder
It’s Official: Bitcoin a Legal Tender in El Salvador Following a Supermajority Decision
The Colombian President’s Advisor to Peter Schiff: Stop Talking and Short Bitcoin
Chinese Search Engines Reportedly Block Queries of Binance, OKEx, and Huobi
China’s Police Arrests Over 1,000 Crypto Traders on Fraud and Money Laundering Charges
Scammers Still Scammin
World’s Largest Meat Producer JBS Pays $11M in Bitcoin to Ransomware Hackers
VAULT Crypto Portfolio Tracker
I wanted to give you a running tally of what you could potentially be earning with VAULT. The example I’m using is holding 1 CRYO VAULT masternode with 0.1 BTC invested in the BTC% program.
https://bitcoin-interest.vault.investments/
I wanted to show you what kind of returns you could be earning weekly and cumulatively.
One VAULT masternode of 1000 VAULT with current~ 28% ROI generated 5.39 VAULT this week for a total of 60.82 VAULT over the past 11 weeks. Total is now 1060.82 VAULT. The total dollar value earned was $304.71 at VAULT’s current price of $5.01. The total BTC value at VAULT’s current price (0.00014115 BTC) is 0.00858474.
Investing 0.1 BTC in the BTC% program earns you 11% APR, giving you a weekly return of 0.00021089 BTC. Over the last 11 weeks, this would be worth 0.00231979 BTC or $82.82.
The total value of your potential returns over the past 10 weeks would be $387.53 or 0.01090453 BTC.
We Are Here To Help You DYOR (Do Your Own Research)
I hope this week’s lesson in BTC politics has given you some new knowledge. If you have any questions please feel free to contact me Bobtilladhun on Discord (rmcowherd@icloud.com) or any team member on the VAULT Discord server:
Ian|VAULT.Investments#4786
Jules|VAULT.Investments#7692
CM| VAULT.Investments#4777
Flowguy81#9906
cryptosmith#9920
Bobtilladhun#8522
fivedaywait#7565
Harris|BITBUZZ#0043
VAULT Global Ambassadors
We want to again invite people to become a VAULT Ambassador. It is a great way for us to spread the great news of VAULT investments to everyone around the world.
We welcome Nick | VAULT.Investments to our growing VAULT Global Ambassadors team, which includes:
kikiriki#9227 — Greece
CryptoEva[Own CS Team]#3733 — Bangladesh
bevan honas#7388 — South Africa
Farting Rocket#0302 — France
wltjnes1#1227 — Nigeria
Long Miguel#6762 — Vietnam
This is not financial advice. VAULT Investments provides a service to its clients and is not responsible for projects listed or featured in its platform or ecosystem. Users should always DYOR. Invest at your own risk