MicroStrategy Investors Are Buying Bitcoin At A Massive Premium
Microstrategy (MSTR) provides its customers with business intelligence, mobile software, and cloud-based services. Despite losing money and zero growth in revenues over the last ten years, investors can’t seem to buy enough of MicroStrategy. The rationale is not based on […]
Miners Fail To Keep Up With Gold And Bitcoin Rally
Gold and Bitcoin have been among some of the best-performing assets recently, yet despite their outperformance, the companies that mine for gold and bitcoin lag well behind their respective products. The lower two graphs show the price ratio of gold […]
Bitcoin Declined 13% Intraday Again
From Monday’s close to its low point on Tuesday, Bitcoin declined by over 13%. While a 13% decline in one day may seem enormous for almost any asset class, it’s not that out of the ordinary for Bitcoin traders and […]
Junk Bonds And Bitcoin Scream Wild Exuberance
It’s not just a handful of AI-related stocks that signal a speculative investment atmosphere. Many other stocks and markets are exhibiting similar behavior. For instance, Bitcoin and junk-rated corporate bonds show complacency and wild speculation. While both markets are inherently […]
Bitcoin ETF – Buy The Rumor, Sell The Fact
The price of Bitcoin rose over 10% in the first two weeks of 2024, peaking on January 11th. Driving the performance were rumors that the SEC would finally approve Bitcoin ETFs. On January 10th, they approved 11 Bitcoin ETFs. Spot […]
Bitcoin ETFs Come With Stern SEC Warnings
The SEC approved 11 spot Bitcoin ETFs on Thursday. Unlike the supportive messaging on most new products the SEC approves, Bitcoin ETFs were accompanied by plenty of caution. For starters, in his approval press release, SEC Chair Gary Gensler states […]
Bitcoin Is ‘A Hyped Up Fraud’ Says Jamie Dimon
JP Morgan CEO Jamie Dimon testified to Congress on Wednesday in a routine meeting about the banking industry. In the process, the topic of Bitcoin and other cryptocurrencies came up. Despite having significant investments in blockchain, Dimon had some choice […]
Nvidia Revenue Growth Doubles
Nvidia reported record fiscal second-quarter results Wednesday with revenue more than doubling year over year to $96 billion. After initially falling on the news, the stock rose over 8% overnight. During the earnings call with analysts, CFO Colette Kress guided […]
TGA Could Turn A Small Buyback Into A Market Mover
The Treasury General Account (TGA) is Treasury’s cash balance held at the Federal Reserve. Its balance is the net of cash inflows like tax receipts and outflows to pay the government’s bills. On Monday, we learned that Treasury Secretary Scott […]