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Happy Monday, Zingernation! Bitcoin is harmful and dangerous and could ‘impoverish society.’ Don’t take it from us, take it from the European Central Bank’s latest paper.

Today, we look at Dogecoin’s latest rally, what Jamie Dimon has to say about Bitcoin (again) and more.

Plus, each week, Benzinga’s Stock Whisper Index uses proprietary data and pattern recognition to showcase five under-the-radar stocks that warrant your immediate attention.

Get access to these stocks right here.

TOP STORY

Dogecoin Up 28% Over The Past Week And Major Bitcoin Move Could Send It Beyond $0.50, Says Veteran Trader

Dogecoin has taken its sweet time to stage a rally but now it looks unstoppable.

It gained 28% last week and a major Bitcoin move could send it to (at least) $0,50, a veteran trader said.

Plus, there is a key indicator that finally flashed green.

Which one that is?

Read the full scoop here.

Five Under-Followed Stocks With Potential To Move This Week

Each week, Benzinga’s Stock Whisper Index uses proprietary data and pattern recognition to showcase five under-the-radar stocks that warrant your immediate attention.

Get access to these stocks right here.

QUICK N DIRTY

Donald Trump’s election odds are on the rise again. After the 45th President appeared at a Pennsylvania McDonald’s to dish out fries, he’s now a 61.3% favorite.

Dogecoin is doing well but there is another memecoin that’s doing even better: GOAT, the AI-created memecoin erased a small dip on Monday and netted a trader over $3M.

Bitcoin’s early adopters could ‘impoverish society.’ Yes, that is what the European Central Bank wrote in a new paper, warning about Bitcoin’s detrimental effects.

FINTECH FOCUS

JPMorgan Boss Jamie Dimon Doubts Bitcoin's 21M Supply Cap Despite 5 Lines In Source Code Imposing The Hard Limit: 'You Guys All Believe That?'

Jamie Dimon sure talks a lot about Bitcoin considering he said he thinks it’s a ‘pet rock.’

For example, he challenged Bitcoin’s hard cap of 21 million with the words: "I’ll just challenge the group to one other thing: how do you know it ends at 21 million? You all read the algorithms? You guys all believe that? I don’t know, I’ve always been a skeptic of stuff like that.”

Everyone laughs, but how do you really know the hard cap cannot be changed?

Read the full scoop here.

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