The Coinbase direct listing exposed the vulnerability of the massive run higher in risk bets ahead of the big COIN show. The stock opened for live trading right around the $381 level and took off like a shot. But the supply came in above $420 and put the top in for the day. And, when […]
Cryptocurrency
Bitcoin to $400k? Outlook from Fin Leader Drives Crypto Stocks (RIOT, HVBTF, AXXA, MARA)
Bloomberg is the gold standard for financial reporting and accessible analysis. When Bloomberg takes a stand, it is almost always an important threshold for the markets involved because it represents an emergent point of view. Last week featured just such a moment for the crypto marketplace, as the financial media giant put out its view […]
Why ISW Holdings (OTCMKTS:ISWH) May be the Value Play in Crypto (MSTR, RIOT, MARA, SOS, HVBTF, CAN)
The Coinbase direct listing is coming, and it’s expected to be a doozy. The leading crypto exchange will begin trading on the Nasdaq next week, and one can imagine that the timing of this decision was an indication of how confident management was in the company’s Q1 results and guide for 2021 yesterday afternoon. The […]
A New Reason to Like the Bitcoin Bull (BTBT, RIOT, ISWH, MARA)
Cathie Wood is probably the most important person in the world of finance right now. Her meteoric rise over the past two years as perhaps the best stock picker in the world is well documented. But she’s also a star backer of bitcoin, holding strong exposure to the cryptocurrency through a number of major portfolio […]
Crypto Acceptance Continues to Steer the Bull (HVBTF, RIOT, CLKA, MARA)
The main factor driving the Bitcoin bull isn’t the debasement of fiat currencies that we have seen in response to the global pandemic health and economic crisis over the past year – though that certainly has helped. But the root factor is a “network effect” process. It is the crowd seeing the crowd. It is […]
Bitcoin Model Projects Continued Trend (BTBT, AXXA, MSTR)
Dan Morehead, CEO and co-chief investment officer at Pantera Capital, a blockchain hedge fund, noted this week in an emailed newsletter that Bitcoin was actually ahead of schedule toward its forecast of $115k. Pantera’s prediction is apparently based on the stock-to-flow model, which is a way of understanding the value of an asset based on […]
Crypto Acceptance Continues to Build on Wall Street (MSTR, RIOT, ISWH, MARA)
The demand for cryptocurrency exposure continues to ramp. The latest example of this trend comes from Goldman Sachs. In a Reuters piece out on Wednesday, it was reported that Goldman’s President and Chief Operating Officer John Waldron said that the financial giant and legendary Wall Street player is exploring how it can meet rising customer […]
Bitcoin Stocks in Focus as Bitcoin Nears New All-Time Highs (CAN, HVBTF, ISWH, SOS)
If you want to understand why Bitcoin has held up so well in its current bull trend, you need look no further than the difference between the public expression of the Bitcoin views held by JPMorgan Chase & Co. (NYSE:JPM) in 2017 versus its perspective on Bitcoin in 2021. In 2017, JPMorgan CEO Jamie Dimon […]
Crypto Stocks Shine as Risk Capital Returns (RIOT, AXXA, CAN)
Investors have been on a wild ride in recent days, with risk assets soaring, then diving, then soaring again. In Tuesday’s buying frenzy, perhaps the strongest area in the market was anything attached to the cryptocurrency theme, with Bitcoin pushing higher, and stocks related to it going bananas. This may be a strong sign that […]
Investors Remain Focused on the Crypto Space (HVBTF, MINE, MARA)
Few themes have come to define the current surge in capital investment and asset prices – and the culture around this bull market – like the cryptocurrency space. The explosion higher in the price of Bitcoin gains most of the attention, but the larger theme is much bigger than just Bitcoin. A new concept of […]
The Bitcoin Bull Rides Again (SQ, OSTK, ISWH, BTBT)
Call it a classic Turnaround Tuesday – traders and investors came storming back into risk assets on Tuesday, driving technology shares, gold, junk debt, growth stocks, and Bitcoin back higher in a tsunami of buying. Cathie Wood’s Ark empire was a big beneficiary, along with Tesla (TSLA) shares and GameStop (GME). But Bitcoin may have […]
Top Perspectives on the Crypto Bull Trend (HVBTF, MSTR, ISWH, RIOT)
For many investors, the sticky nature of the Bitcoin boom is finally starting to kick in. To call it a bubble is to basically directly state that “most people” are overly leveraged to its current price level. For the true believers, that’s a laughable idea at this point. “Most people” have heard of Bitcoin, but […]
More Momo in Crypto as Citi and Goldman Pile In (CAN, RIOT, ISWH, MARA)
As we have noted, the argument for or against Bitcoin comes down to future prospects for legitimacy as a currency system. The “store of value”, “speculative asset”, and “diversification” arguments are all second-order pathways contingent upon its ability to establish itself as a legitimate, mainstream medium of exchange with widespread network-effect legitimacy. But, ironically, that […]
Top Minds Back Bitcoin for a Fresh Leg (BTBT, MSTR, ISWH, OSTK)
Cathie Wood and Elon Musk. The current bull market in stocks can be seen as an homage to these two names. Wood is the hottest portfolio manager in the world, with her ARK Investment Management LLC leading the universe over the past year. The “Toast of Wall Street”. Elon Musk is the world’s richest man […]
The Real Meaning of the Crypto Investment Boom (HVBTF, RIOT, ISWH, SOS)
Bitcoin. Is it “the new gold”? Is it a store of value? Is it a functional medium of exchange? Is it a digital collectible? Everyone has an opinion on the cryptocurrency world at this point, which makes the current boom very different from the one we saw several years ago. The other very important difference […]
