Why Bitcoin's Big News Could Be a Huge Letdown

[Profit Pregame] [10 patterns to beat Wall Street bigwigs at their own game]( Tom Gentile has lined up 10 stock patterns - including tickers and projected surges - that you can trade today. And get this: Readers have already won big from his [custom-built system]( scoring 63% in eight days... 76% in six days... 90% in just over a week, and more. [Join the conversation here](. --------------------------------------------------------------- Tuesday, July 27, 2021 [Why Bitcoin's Big News Could Be a Huge Letdown]( Is Retail Ready for Crypto Payments? Rumors are swirling about a partnership between the world's biggest crypto and online retailer. Here's why I don't buy the hype. What's happening? Cryptocurrency traders, particularly those invested heavily in Bitcoin, have been desperately searching for good news for months now. After reaching highs of more than $64,800 in late April, Bitcoin prices have been in a freefall ever since, losing nearly 55% of its value before finding support around the $30,000 mark. But now that Bitcoin has found a floor following its precipitous fall, it badly needs a catalyst to attract new buyers that may be wary of investing in an asset that just lost half of its value in a matter of months. Well, the world's largest online retailer may have just supplied a huge incentive for traders to jump back into Bitcoin. And nearly the entire digital market is riding the wave of positive sentiment following this massive development. But I'm not convinced it's the watershed moment some are making it out to be. [Here's why...]( Don't Miss Your Chance to Cash in on the Digital Gold Rush As a 35-year Silicon Valley veteran and consultant for some of the biggest tech firms in the world, Michael Robinson has seen it all. But he's never been more bullish on any asset in his entire career than he is about cryptocurrencies. Right now, there are 7,800 cryptocurrencies. And navigating which ones will boom and which will bust takes real expertise. And that's where Michael comes in. Even if you've never made a single trade in your life, Michael is going to show you how you can turn even a small investment of just $1,000 into huge windfalls. Ready to get started? [Click here to learn more](. In the Spotlight: The Chinese crackdown is spreading... In recent weeks, we've talked about the Chinese government levying fines and new regulations against big tech firms in an effort to limit what it sees as vulnerabilities in data security. But now we're seeing new developments from the communist state that indicate it's not just the tech sector that's in danger. 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