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Gm and Happy Wednesday!

Bitcoin is down on a hotter-than-expected inflation print. Not good! Is this just a blip or cause for concern?

El Salvador’s Bitcoin experiment is on the way out and a prominent analyst says it’s proof that Bitcoin is not meant to be money.

TOP STORY

Bitcoin, XRP, Dogecoin Decline 2% On Hotter-Than-Expected Inflation Print

Is inflation accelerating again?

It’s too early to tell, but the latest inflation print brought bad news. Inflation ticked up again, and cryptocurrencies ticked down.

Bitcoin, Dogecoin, XRP all headed lower — what happens next?

Read the full scoop here.

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QUICK N DIRTY

Floki is down 38% this month. What is going on with the memecoin?

Donald Trump has picked a new agency head for the CFTC (one of the agencies regulating crypto): who is it?

Bitcoin and memecoins have stolen the show from other cryptos, but that’s not a good thing in the long run, an analyst claims. Why is that?

FINTECH FOCUS

El Salvador Proved 'Bitcoin Is Not Destined To Be Money,' Analyst Says

El Salvador’s attempt to embrace Bitcoin as legal tender has conclusively proven that the cryptocurrency is not viable as a widespread payment system, according to an analysis by John Paul Koning.

He claims the experiment just proves Bitcoin is not meant to be money, evidenced by the poor uptake of BTC as a currency in El Salvador.

Is his analysis correct?

Read the full scoop here.

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