The Dypto Times

One by one, the Bitcoin haters are fading into the sunset. Don’t worry, we’ll see their beautiful faces the next time the market dips. But Jerome Powell. He’s not scared of Bitcoin. He doesn’t see it as a threat to the US dollar. And that was enough to make some previously loud people instantly quiet. Thank you for that, Mr. Chairman.

But you guys didn’t come here for a deep dive into everything the Fed has to say, did you? You want that dirty, grimey, meme coin news.

Except today…we actually do. Let’s get after it.

From the Dypto Crypto Newsroom

Fed’s Jerome Powell: Bitcoin Rivals Gold, Not the US Dollar

TLDR

• Fed Chair Jerome Powell views Bitcoin as a gold-like asset, not a dollar competitor.

• Powell dismisses claims Bitcoin fuels distrust in the Fed or US dollar.

• Powell supports cryptocurrency in banking if it ensures stability but doesn’t own Bitcoin himself.

• Bitcoin nears $100K, boosted by Trump’s pro-crypto election win and cabinet picks.

• Powell rejects stepping down despite Trump’s criticism.

United States Federal Reserve Chair Jerome Powell has again compared Bitcoin to gold. In his eyes, Bitcoin is directly competing with gold as an asset not the US dollar like many believe. 

Speaking at the DealBook Summit in New York on Dec. 4, Powell emphasized that Bitcoin’s role is actually limited to being a virtual equivalent to gold rather than a form of payment or store of value.

HODLing Is Making a Comeback

TLDR

• Bitcoin is being HODLed harder than ever before.

• Over 170,000 BTC has been pulled off the market and into cold storage.

• Blackrock has increased its holding to half a million BTC — valued at nearly $50 billion.

If you’ve been dipping your toes into the crypto world, you’ve probably heard a term thrown around quite a bit lately — HODLing. 

It’s a quirky way of saying “hold on for dear life” and refers to sitting tight with your Bitcoin instead of selling it off at the first sign of market volatility. HODLing isn’t just a meme. It’s the original crypto strategy — and it’s making a serious comeback.

Memecoins Helping to Build a Network? Seriously?

TLDR

• Solana used to be the joke of DeFi.

• It has become a top-notch ecosystem riding meme tokens to enhance the network.

• Anatoly Yakovensko is thankful for meme season, as it has helped him make Solana better and stronger than ever.

Dear readers of Dypto Crypto. I’m going to do something I’ve never done before. I’m going full Deadpool here, and I’m breaking the fourth wall. I think this is the article that deserves it, and by the end, you’ll probably understand why.

When you think of blockchain technology, terms like “efficiency,” “innovation,” and “financial freedom” often come to mind. But meme coins aren’t what anyone, at least not I, imagined would play a key role in strengthening networks. 

Apparently, I was wrong.

Meme of the Week

Source

Question of the Week

Why are there so many blockchains?

Deep Dive – The XRP Hype

Ripple and XRP are creating waves, but not all of them are good. While RippleNet offers real-world use cases for banks and saves them money, hardcore crypto fans question its centralized structure and lack of decentralized principles. 

Legal drama with the SEC and skepticism around XRP’s actual utility only add to the controversy. Social media hype and whale activity have driven attention, but the math doesn’t quite check out — minimal DeFi use, low TVL, and no robust developer activity raise red flags. 

At the end of the day, Ripple seems more like a tool for banks than a revolutionary crypto asset, and the centralization makes it even harder to swallow. Be careful, folks — DYOR (Do Your Own Research). Read our full article here to get all of the details on what it is and what’s going on.

Question of the Week Answer – Sorry Guys, This Is a Long One

Why are there so many shoe companies?

They’re all doing something different. They use different materials, have different proprietary tech, and are designed for different people. Some have a collector’s market. 

Chuck Taylors are the original sneakers. That doesn’t mean they’re the best in 2024. And the one that is the best right now probably won’t be in 2025.

People wear shoes because they’re comfortable, they’re fashionable, and let’s be honest here, because some influencers got paid to push them on their followers.

Secondly, when people say “I don’t understand the purpose of all these blockchains”, we say, so what?

Using the above to continue hammering this point home, do you know where all of your sneakers are made? Do you know who makes them? Do you research the individual shoe companies, P and L statements, quarterly reports, etc…?

The majority of people don't, which would suggest that it doesn't matter what the shoes are made of, much less where the materials are sourced. The vast majority of people do not understand the archaic financial system that they use today.

If people don’t know anything about the shoes they wear or the financial system they use every day, why do they need to know so much about blockchain? For the most part, it’s like everything else in this world. You don’t always need to know how everything works. You just need to know that it does.

Closing Shenanigans

Thanks for reading. Dypto Crypto is a safe place where crypto newbies can learn and ask questions to help them make informed decisions in this exciting and volatile world. We’re having a lot of fun with YouTube shorts and TikTok. 

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