Bad Crypto News of the Week

Bitcoin has had a rough week, down around 9 percent and trading below $6,700. Ross Ulbricht, the founder of Silk Road, believes we’re in a bear market that could even take the price under $3,200. Ulbricht is serving two life sentences for money laundering, computer hacking, and conspiracy to traffic narcotics. Mike Novogratz disagrees. The famed investor and CEO of Galaxy Digital Holdings Ltd., is seeing greater adoption of Bitcoin, including among hedge funds and high-net worth individuals. He’s shorting stocks but believes “this is the time for Bitcoin.” 

It’s certainly time for debt. The US national debt has now broken through $24 trillion as the Fed continues to print money to pay for the shutdown. That led Robert Kiyosaki to stand with Novogratz. The author of Rich Dad, Poor Dad thinks that all that free money makes Bitcoin a better buy than fiat. Meanwhile, Bitcoin comes closer to its halving. 

All isn’t quiet in the cryptoworld though. Dan Hensley, a major…