Every time bitcoin takes a leg up, I can’t help but feel a bit disappointed. Sure, it’s one of my biggest conviction calls and I should probably be happy, but I can’t shake the thought that next time I want to buy some, it’s gonna be that much more expensive. […]
Month: April 2020
Bitcoin Remains Firm Above $7,700 While Oil Continues to Struggle
Do aliens really exist? Have they visited our planet? I actually don’t know, but yesterday, the U.S. Navy released three videos taken by their pilots depicting flying objects that have yet to be identified. That’s right, they are UFOs. The videos had been circulating for a few years already, but […]
Bitcoin Hits New Multi-Week High, While Oil Continuous to Tank
No Limits Oil is tanking again, but that’s nothing new. The market seems to be taking it in stride, and even though crude is now sub $13 on the front contract, the Dow is managing to hold a gain of nearly 1.5%. Sure, we can claim optimism over the announcement […]
Bitcoin Remains Firm as We Move Closer to Halving Event
This question was covered in a hit song by the great economist singer Merle Hazard back in 2009. The song ” Inflation or Deflation? ” joins other classic hits like How Long Will Interest Rates Stay Low, The Greek Debt Song, and my personal favorite, Dual Mandate. As the song […]
Bitcoin “Breaks Out” to Surpass $7,450 Resistance
We’d like to wish all our Muslim readers a very blessed Ramadan. Not sure how many of you there are, but I didn’t want you to feel left out. Ramadan is a monthlong holiday of spiritual reflection and self improvement. There’s a significant emphasis on the poor and disparaged, and […]
Bitcoin Rallies by 3% As “Bitcoin Halving” Approaches
What better way to celebrate Earth Day than with clean skies, carbon emission levels at multi-decade lows, and crude oil at $1 a barrel. COVID-19 has had many unexpected repercussions. The most serendipitous by far is the positive impact on the environment. We can only hope that as we return […]
Bitcoin Remains Stable as IMF Predicts a V-Shaped Recovery
Of the many analysts who are making economic projections as if they can tell what’s going to happen in the future, we couldn’t possibly discount those at the International Monetary Fund. The people of the IMF are quite experienced when it comes to forecasting growth figures, and we quite often […]
Oil Futures Crash to Historic Low, Bitcoin Remains Firm
In some circles, today is considered a great holiday. For some, it’s even higher than Easter, Passover, and Ramadan. Now, I hope you guys don’t blast me for blasphemy, but I am talking about the stoner holiday of April 20th, which is especially auspicious in the year 2020. Nobody really […]
The Coronavirus Stock Portfolio: One Month Later
One month ago, I told you about our new Health and Wealth Portfolio, made up of four traditional stocks that would likely do well during the CoronaCrisis: Amazon (AMZN), which would deliver all our stuff; Netflix (NFLX), which would deliver all our streaming; The Clorox Company (CLX), which deliver all […]
As Stablecoin Ban Looms, Bitcoin Benefits
Now that all the major U.S. banks have released their earnings reports, we can begin to understand some of the recurring themes. First, as we’ve mentioned, volatility is up, so revenues from trading are good. Not good enough to cover the downside, but the titans have overall been profitable in […]