I loaded up last week on two bitcoin mining stocks. Why? Bitcoin is trading today at $27,600 USD at the time of writing. Its all-time high is $64,000. The price today is 43% of its all-time high. Have a look at the chart below of a general sample of bitcoin mining stocks: There are NO bitcoin mining stocks… Read More »
Best quote of the week, possibly the year, and let’s pray it’s not the quote of the decade. Jerome Powell testified in front of the banking committee this last week. COMMITTEE: “Do you see any systemic risk in the banking system because of the rapid rise of interest rates?” POWELL: “No” https://twitter.com/GRDecter/status/1634926576105320449 And then this morning, this is… Read More »
The failure of Silicon Valley Bank is the second largest in US history. The bank had US $209 billion in assets and US $175.4 billion in deposits at the time of failure, according to the FDIC. In comparison, Lehman Brothers on Monday, September 15th, 2008, filed for Chapter 11 bankruptcy protection citing bank debt of $613 billion, $155 billion… Read More »
Lawyers, Lawyers, Lawyers Everywhere ETHDenver is supposed to be a conference for developers, but there were lawyers everywhere. This does not sound good until you realize where there are lawyers, there is … money. The number one topic at ETHDenver was the machinations of the head of the US Securities Exchange Commission SEC Gary “I will prosecute a… Read More »
n a software company (crypto project), who creates value? Answer: the software developer. This should be obvious. But over the years, I’ve had a large number of startups hit me up for financing that don’t even have a development team (but instead have a really nice Powerpoint file). In that investor presentation, there are always… Read More »
If that chart doesn’t convince you that the bull market has started, nothing will. Some people refuse to believe. My Twitter feed this week has been filled with the anguish of bears who are slamming out multiple tweets that this is nothing but a great bull trap. Ethereum is up “only” 43% this year. Bitfarms, my favourite public… Read More »
