Success goals | Crypto | Business tips 🔸

Microsoft will create a cryptocurrency wallet for Xbox (or not🙂).

Microsoft recently had a major data leak, and among the documents was information about the corporation’s plans to create cryptocurrency wallets for Xbox.

Phil Spencer, the head of Xbox, immediately gave a comment in the style of “a lot of our plans have changed” but, at the same time, did not say more specifically whether gamers should expect a cryptocurrency wallet or not.

In general, Miscrosoft does not confirm or deny the plans, but we’re hoping that if there is indeed a crypto wallet in the future, it will bring us closer to mass adoption of crypto😎

Success goals | Crypto | Business tips 🔸

What is a bear hug?

When a company makes an offer to buy a company at a very generous price—clearly above its market valuation—this is a “bear hug.”

Let’s look at an example:

Company A is going through a bad time, and its stock price is falling (a bear hug usually happens during such periods). Company B comes along and publicly, without prior negotiations, makes an extremely generous offer to acquire the company.

What happens next:

Shareholders, who are interested in profits, start pressuring the company’s management to accept the offer (if the company is sold at a high price, its stock will rise).

What’s more, management is legally bound to strive to extract the maximum profit for shareholders, and if they refuse, shareholders can easily take the company to court.

One last step:

If a bear hug works, the acquiring company will replace the management team of the “victim” of the hug.

Does this happen in crypto?

Of course it does!!! One prime example is when Elon Musk bought Twitter (after all, Twitter is an important part of our industry, just like Musk himself).

Musk started buying up Twitter shares in early 2022 and was aiming to become the largest shareholder.

He went on to sign a deal to buy Twitter for $44 billion while promising to improve Twitter’s policies on content moderation, promotion, and transparency.

In October 2022, Musk finalized the deal and became the owner of the company. This move was followed by the firing of top managers and then many other employees.

Typical bear hugs 🐻

Success goals | Crypto | Business tips 🔸

📶 Security in crypto

Another helpful tip: Be careful when using public WiFi networks or computers, as they may be vulnerable to hacker attacks.

If you are in a cafe and decide to make several crypto transactions, your personal information could be compromised. Through public WiFi networks, attackers can easily steal your data, including passwords, bank details, and personal information.

Sometimes, they launch their own access points to the free internet for these purposes.

Therefore, only conduct your crypto transactions exclusively through reliable internet service providers.

@Succuss_goals💸

🔼BTC could rise to $148k by 2025

Cryptocurrency venture capital firm Pantera Capital, which manages $3.8 billion, predicts that the BTC exchange rate could reach $35k before halving and then go into rally mode and rise to $147,843, based on the Stock-to-Flow model, which predicts bitcoin's value based on the stock-to-production ratio.

Also, analysts believe that positive decisions on Ripple and Bitcoin ETFs will create a solid foundation for the next bull market.

What is your opinion on this price Modell of Pantera Capital?
Write down in the comments below.

@Succuss_goals💸

What is a Bitcoin ATM?

In 2021, Walmart, the largest U.S. company by revenue, announced that it was going to install Bitcoin ATMs in 200 of its 4,700 supermarkets.

Today, Bitcoin ATMs aren’t exactly outlandish, but they’re still few and far between, and in many countries, they don’t exist at all.

We talk more about Bitcoin ATMs in our article “What is a Bitcoin ATM?” We invite you to read it—we’re sure you’ll learn something fascinating 😎

@Succuss_goals💸