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 […]
Cryptocurrency
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 […]
MasterCard Inc. (NYSE:MA) To Start Supporting Select Cryptocurrencies On Its Network In 2021
MasterCard Inc. (NYSE:MA) has announced that it will start supporting select cryptocurrencies on its network later this year, becoming part of other big companies that have pledged support for crypto. MasterCard announces support for cryptocurrencies on its network The payment processing company’s announcement comes at the back of Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk’s revelation […]
The Next Leg of the Bitcoin Stock Bull (RIOT, ISWH, MARA, CAN)
At long last, Bitcoin has broken above the $50k mark. That statement would seem unimaginable if it were beamed into the past by just 6 months, when BTC was trading at just a fifth of that price. The alt-currency has been powered by an increasing air of legitimacy driven by confidence in its long-term viability […]
Bitcoin Powers Huge Growth Stock Gains (RIOT, AXXA, HVBTF)
The move in Bitcoin to ascend to more than $50K/coin in just a matter of months from under $10K/coin will go down as one of the most dramatic wealth-shifting market processes in history. But it may just be getting underway. Indeed, if Bitcoin were to reach parity with the gold market in total market cap, […]
Crypto Stocks Enter a New Age (CAN, RIOT, ISWH, MARA)
The Cryptocurrency boom that got full-throated traction last fall has only accelerated, and the key point in play is legitimacy. Something like Bitcoin is ultimately only of value to the extent it can plausibly function as “money”. You can throw out all other ideas and notions. People overcomplicate the situation frequently. Is it a store […]
Bitcoin Stocks Charge Up on Tesla News (HVBTF, MARA, ISWH, RIOT)
Monday’s announcement from Tesla Inc (NASDAQ:TSLA) that it had officially changed its investment policy to allow for cash to be moved into cryptocurrencies, that it had already moved $1.5 billion into Bitcoin, and that it planned to start accepting Bitcoin as a payment for its cars was a game-changer for the crypto space for two […]
Bitcoin Stocks Back in Focus (RIOT, AXXA, MARA)
JPMorgan, one of the world’s largest investment banks, predicts Bitcoin could reach a value of $146,000. According to a Bloomberg report published last month, analysts said the digital currency could overtake gold, becoming the go-to inflation-hedge asset, helping to drive its price through the roof. Elon Musk, the richest person in the world and the […]
The Bitcoin Boom and What to Do About It (MARA, HVBTF, ISWH, RIOT)
The rapid rise of Bitcoin has been extraordinary – or “crazy” (if you haven’t been involved). It really depends on your point of view. The simple fact is: Bitcoin is now unquestionably the hottest market on the planet. A bit part of this is scarcity value as investors search for a store of value to […]
Crypto Stocks Back on the Move (MARA, RIOT, ISWH, HVBTF)
In the Bitcoin rally that reached $20,000 in late 2017, there were many predictions as to why it was destined to surge much higher. But, alas, the pundits were wrong – their theories, proven outlandish. Then came the crash and long and arduous multi-year bear market. But the sun has risen once again on the […]
