Weekly Breakdown - June 21st - June 28th

*Although I sometimes make minor adjustments where I see fit (to make for an easier read), the bullet points featured below are taken from article bodies and headlines. If you want any of the source links, feel free to pm me ;)

Bullish breakdown:

• The Central American nation of El Salvador is preparing to give away as much as $135 million worth of Bitcoin to its citizens. (Daily Hodl Staff, the daily hodl)

• Colombian capital supports blockchain and emerging tech with $2.3M fund. (Helen Partz, cointelegraph)

• The favorite to become the new mayor of New York City promised to make it a different place to live, including becoming the “center of bitcoins.” (Jordan Lyanchev, cryptopotato)

• Over the next three years, 50,000 EV charging stations across Europe will start accepting crypto payments. (Brian Quarmby, cointelegraph)

• Reportedly, only 28% of Bitcoin held left crypto exchanges in a year despite nearly 50% BTC slump. (Samuel Town, finbold)

• Tanzania’s central bank is looking to reverse its decision to ban cryptocurrencies in the country following President Samia Suluhu Hassan’s directive. (Ryan James, beincrypto)

• Venture Capital firm Andreessen Horowitz announced the raising of a new $2.2 billion fund that will be channeled towards cryptocurrency investment. (Samuel Town, finbold)

• Jack Dorsey, CEO of Twitter and Square, announced a Bitcoin conference called the "The B Word." Elon Musk, CEO of Tesla, has also agreed to discuss Bitcoin with Dorsey when the event takes place next month. (Mike Dalton, crypto briefing)

• The Iranian government appeared to be softening its stance on cryptocurrency mining after reportedly approving licenses for several mining farms. (Samuel Town, finbold)

Bearish breakdown

• Bitcoin's price fell back to monthly lows as crypto market cap evaporated $160B (Jordan Lyanchev, cryptopotato)

• JPMorgan estimated that Bitcoin’s medium-term fair value could be between $23,000 and $35,000.

• The UK's Metropolitan Police said Thursday that it seized £114 million in cryptocurrency — an amount worth about $158 million — as part of an ongoing criminal investigation. (Michael McSweeney, theblockcrypto)

• A recent report from the Annual Economic Report came with several insults on Bitcoin. According to the report, crypto is not money but a speculative asset. (Best Owie, newsbtc)

Sorry for posting this a day late. It's still unclear the direction in which Bitcoin will eventually go, but people are predicting a sharp turn in either direction. In any case, I'm just here to give you both sides of the coin. Long live the bulls!