• Nobel Laureate Paul Krugman has compared the cryptocurrency craze to the real estate bubble of the mid-2000s. • Krugman has also compared the crypto to Tesla and its stocks, inquiring “Did the Tesla story ever make sense?” • Tesla’s stock price has dropped 73% in response to reports of the company reducing its manufacturing

• Bitcoin has reached a peak supply in loss of 55% at the end of 2021, according to CryptoQuant’s year-end dashboard release. • This metric measures the percentage of the total circulating Bitcoin supply that’s currently carrying some loss. • The Bitcoin supply in loss has increased in value as the bear market has become

• Lord Fusitu’a, a Tongan noble and former member of the Tongan parliament, announced that Fiji has elected a new pro-Bitcoin prime minister. • Sitiveni Rabuka was elected as the new prime minister at the head of a three-party coalition government on December 24. • Lord Fusitu’a previously held a half-hour phone call with Sitiveni