Big Macs for stacking Sats: Bad Crypto news of the week

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According to the Big Mac Index, a Bitcoin will now buy as many as 6,3421.

The coin already has a market cap bigger than that of Bank of America, Netflix, and Shopify.

Eric Wall, chief investment officer of crypto hedge fund Arcane Asset, is betting a million dollars that Bitcoin's stock-to-flow model will be broken by 2025.

PlanB had predicted a Bitcoin price of $100,000-$288,000 by December 2021.

Douglas Tuman, a crypto enthusiast and Monero podcaster, lost his bid for New York's 4th District.

Regulations have already landed on one Bitcoin user.

Looking abroad, the China Construction Bank, one of the four biggest banks in China, is selling $3 billion worth of bonds and letting buyers pay for them with Bitcoin.

In Hong Kong, a proposal to require crypto exchanges to obtain a license and only target professional investors has met with criticism.

The proposal, say some experts, will limit volume and suggest that crypto assets are speculative.

Finally, while the last few weeks have been pretty eventful for Bitcoin, Bitcoin Cash is about to have its moment.

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