This week (Feb 15th) bitcoin’s market value rose above $1 trillion, but short-term indicators are flashing red. This issue digs into the following additional events that point to continued institutional and individual adoption. Microstrategy (NASDAQ – MSTR) issues ~ $1bn bond to buy bitcoin – bond excess! BlackRock’s Chief Investment Officer (CIO) said they are […]
Archives for February 2021
View blogs, podcasts and recommended videos I follow.
http://blog.yardeni.com/ – Mostly stocks markets and stocks
https://www.calculatedriskblog.com/ – US economic data analysis
http://gorozen.com/ – Commodities
A slew of high-profile institutional adoption news this week moved the bitcoin price from the $38K area on early Monday (Feb 8th) morning to the ~ $48K range as I type on Friday morning. BNY Mellon’s announcement is most significant for continued institutional adoption, in my view, but it’s hard to argue that Tesla’s $1.5bn […]
If you already own bitcoin and/or other crypto assets or think you might in the coming months, it is worth understanding FinCEN’s (Financial Crime Enforcement Network, part of the Treasury Dept) proposed reporting rule changes. These changes were proposed on Dec 18th, 2020 with a surprisingly short 15-day comment period, which included both Christmas and […]