The perfect storm for Bitcoin, the Coinbase scammer making 5 figures per week

Bitcoin has been highly volatile in the past 24 hours, particularly on the back nine, but very much in crypto's favor as it chases a six-figure price tag. So, to start with, I'll take you through some of the reasons for the momentum, what's going on behind the scenes of the markets and what might happen if and when the $100K threshold is breached. Outside of Bitcoin, Trump considers a dedicated crypto post within the White House, Japan looks to overhaul its "nebulous and variable" crypto taxes, and a Coinbase scammer who claims to make five figures per week from his exploits chats with a potential victim.Further reading:A perfect storm is brewing for BitcoinBitcoin 'teleportation' due as traders bet on BTC price passing $100KTrump mulls creating first White House crypto post: ReportJapan passes stimulus package, commits to crypto tax reformCoinbase scammer claims to earn 5 figures a week targeting crypto CEOsRise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.