I am often asked about cryptocurrencies and if they are safe investments to add to a portfolio. For investors unfamiliar with the term, a cryptocurrency is basically a digital token, or coin, which trades on a distributed and decentralized ledger called the blockchain. The best-known and most popular cryptocurrency is Bitcoin. It debuted in 2010 […]
Bitcoin
Here’s the Bitcoin Trade to Make As It Turns Positive for the Year
After running above $48,000 earlier this week thanks to key catalysts, Bitcoin (BTC) has turned positive for the year. One catalyst, as noted by CryptoPotato.com, is news that Do Kwon, the founder and CEO of Terraform Labs, intends to buy $10 billion worth of Bitcoin over time. A second catalyst is that as the overall […]
Biden’s Crypto Executive Order Could Push This Stock Higher
Bitcoin’s value was cut nearly in half over the last few weeks: from a high of $68,978, it dropped to a low of about $35,000. However, after catching major support, Bitcoin is showing strong signs of life, thanks in large part to President Biden’s executive order on cryptocurrencies and institutional buying. According to CNBC: “Biden’s […]
Trade of the Week: BITO
The market has been in a downturn lately and this include bitcoin. ProShares Bitcoin Strategy ETF (BITO), which tracks bitcoin futures, is down about 18% year-to-date. BITO trades a fair amount of options on the average day – about 70,000 – so it was surprising to see a 22,400 block of April puts trade last […]
This Stock Could Triple If Bitcoin Can Sustain Recent Momentum
Bitcoin has taken a massive hit. Since topping out at $68,978 in November, the digital currency plunged to a low of $32,990. However, after catching double-bottom support—and pricing in a good deal of negativity—Bitcoin is starting to recover. From a current price of $46,633, we’d like to see it challenge its prior high from November. […]
How Does the Bitcoin ETF Affect You?
With the launch of the first ever Bitcoin ETF… The SEC has legitimized cryptocurrencies. Although the ETF doesn’t buy Bitcoin directly, but rather, the futures of Bitcoin… It still will cause disruptions in the market. In this weekly briefing, I’m going to break down what I see could happen in the broad markets and cryptocurrencies […]
Here’s How to Trade Cryptocurrencies Without Actually Owning Them
I often get asked about cryptocurrencies and whether they are safe investments to add to a portfolio. For investors unfamiliar with the term, a cryptocurrency is basically a digital token, or coin, that trades on a distributed and decentralized ledger called a blockchain. The most popular, and well known, cryptocurrency is Bitcoin, which made its […]
How Bond Rates, Electric Vehicles, Bitcoin, and Tulips Will Affect Your Dividends
I spend my day reading financial news, and usually I have my TV tuned to one of the business networks in the background. I have been in and around the financial world formore than 30 years. I wake every day and tell myself: “We live in very interesting times.” One of the things making them […]
Bitcoin Mining Stock BTBT Takes Off With Analysts Projecting BTC to Sail Past $100,000
Bitcoin miner, Bit Digital (BTBT) had an explosive week, with the crypto bull market showing no signs of cooling off. From here, BTBT has the potential to move higher, with analysts saying Bitcoin could rally well beyond $100,000. Citibank for example says we could see $318,000 BTC in 2021. Guggenheim is calling for a valuation […]
Finding the Similarities in Gold and Bitcoin
Hey folks I wanted to take a few moments today to look at pattern recognition. While I really don’t think looking at patterns can make an investor successful in the long haul, I do believe that a multifaceted approach must be utilized to be a well-rounded investor. When utilizing pattern recognition we gain the tools […]