some daunting news came out today that spreading a lot of fun for all dogewing holders and this is why we need to address it hello guys and welcome back to crypto fire where we talk about dogecoin cryptocurrency and investing before we go any further please keep in mind that we're giving away a hundred dollars to a random subscriber all you have to do is like the video subscribe and leave a comment on your favorite cryptocurrency read our description for more info about it now let's get started with today's video now before we talk about all the news that's creating fun in the market let's talk about the most incredible news for doge today so burger king brazil announced that it's going to accept dojoin as a payment method now that is incredible for a lot of reasons right now it's only accepting doge to buy a dog snack called dogber but the point is that this is just the beginning after this move we can totally see burger king in other countries accepting dogecoin for other food items too and when it does a lot more money will come into doge now let's talk about the thing that's creating fud in the market so earlier today elizabeth warren said some pretty nasty things about crypto and just half an hour ago she said something even worse let's start with the first one so she said that i have become increasingly concerned about the dangers cryptocurrencies posed to investors consumers and the environment in the absence of sufficient regulation in the united states the demand for cryptocurrencies continues to grow and these assets become more embedded in our financial system the longer that the united states waits to adapt the proper regulatory regime for these assets the more likely they will become so intertwined in our financial system that there could be potentially serious consequences if this market comes under stress so as you can see she's clearly very unhappy about how crypto is moving it bothers her that crypto adoption is on the rise now a statement like this could create a lot of fun in the market especially the part where she said that these cryptos pose a danger to investors i'll come back to it in a minute before we move forward let's talk about a really interesting token i came across today called mansion token basically it's the native token of mansion platform so the mansion platform is going to build mansions all over the world as an early holder you'll get vip access to its mansions webcam parties and live shows with supermodels and you'll be able to hand pick these supermodels like playboy's hugh hefner himself now a couple of things about it the token runs on the deflationary protocol on the bsc chain it has a total supply of one quadrillion and 50 percent of it was burnt at launch it also says here that your funds will be protected from market manipulation from wales so mansion will keep the whales at bay for the first year after launch and another thing is that one percent fee from every transaction will be distributed among holders so that's money spent coming back to your wallet currently you can buy it on by clicking on this pancake swap button now coming back to it let's take a look at what elizabeth warren said just half an hour ago so she went on an interview with cnbc and said that cryptocurrencies won't serve as a good hedge against inflation she said that people can make their own investment decisions but to do that somehow assumes two things one is that what's happening with bitcoin or any other cryptocurrency is somehow going to be divorced from what's happening elsewhere in the economy now again a statement like this could create a lot of fun in the market there's a similar one that came out recently from the wall street journal it said that bitcoin is failing its first inflation test it says that bitcoin has lost half its value since april now what saddens me is that they never reported how bitcoin went up after that and they didn't report how bitcoin has served as a better hedge against inflation than gold since january in fact some institutions are still betting on it big time as a hedge against inflation so it says that the fund manager horizon kinetics is betting on crypto as a hedge as inflation rises if you don't know horizon kinetics is one of the year's best performing u.s fund managers so it's safe to assume that these are smart people who are making these decisions and i think they do have a reason to think of it as a good hedge against inflation since the beginning of 2021 bitcoin has risen by 33 percent it started the year at 29 000 and it's standing at 40k right now if you look at gold its value has been pretty much the same i think these people are wary of crypto because of their volatile nature but as i've said before this is the inherent nature of cryptocurrencies and this is what makes them so exciting now let's come back to what elizabeth warren said this morning so she's basically asking the sec to regulate cryptocurrencies as soon as possible if you remember earlier this month she also gave the sec a deadline of 28 july to regulate crypto now i think she's so wary about it because of all the bad news that's been coming out about crypto frauds and another one came out today so abu dhabi court has sentenced nine people to 10 years in jail for a new crypto fraud they basically created a shell company and asked people to invest in crypto viat so as i said elizabeth warren is wary about crypto because of news like this now i know that this statement from the senator is creating fud in the market but we have to consider the fact that after crypto is regulated it's only going to help us in the long run it's going to help reduce all the crypto scams and because of this more and more money will come into the market and the wolf of wall street agrees with that so jordan belfort recently said that massive regulation of crypto is going to lead to mainstream adoption he said that the sooner that massive regulation comes into the market the better it is for bitcoin stable coins and everything else he then also talked about how the fear of regulation seems irrational referring to the junk bond market he said that everyone said oh no the regulators are coming in but ultimately the market got much bigger so i think it's a good thing so the point is that regulation isn't a hindrance it just might be what dogecoin needs right now to grow now let's take a look at dogecoin price for a minute currently it's trading at 20.5 cents and is up by 2.44 in the 24-hour chart but we can definitely expect it to go way higher than this this is because bitcoin saw a massive rise today it broke past the key resistance level of 40k for the second time this week now this is going to help doge because this is what we've observed till now bitcoin being the market leader has always pulled other all coins up with it now let's talk about some other interesting news for doge from today so a dogecoin fan is offering 10 percent on the sale of his house his only condition is that he wants to be paid in dogecoin instead of fiat money now this proves that the love for dogecoin from its community is incredible it just might be its biggest catalyst and it also proves that retail or individual investors really believe in the future of doge and another big news for it was that one more crypto exchange is listing doge on its platform it's called kick x crypto exchange now while it may not be as big as coinbase or binance i think it's still something to celebrate it proves that more and more exchanges have their eyes on doge right now and this really matters because these small things will collectively bring more money into dogecoin now i think we'll see dogecoin rise from here but i'd still love to know where you think dogecoin is headed from here and with that we've come to the end of this video thanks for watching till the end if you enjoyed it please consider liking and sharing it with your friends also please subscribe to the channel and turn on post notifications for daily videos on dogecoin and cryptocurrency if you have any questions or suggestions please leave them in the comments section below goodbye take care

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