The Future of Bitcoin Is Six Figures
By Teeka Tiwari, editor, Palm Beach Daily
Since 2016, I’ve been fighting a long battle to educate everyone about the value of bitcoin.
Over that time, I’ve had my reputation impugned… been maligned and ridiculed… and even received hate mail for my conviction in bitcoin.
If you’re anything like me, you’ve probably been laughed at by your family or friends just for talking about the idea of bitcoin.
There were some tough times. From the heights of the 2017 crypto bull market to the depths of the 2018 Crypto Winter… I asked my readers to keep the faith and let time do the heavy lifting.
And those who stuck with me should congratulate themselves… Because we’re starting to reap the rewards of that faith.
We’ve Gone Off The Cliff - Jerry Robinson 3-30-21
Why Monday was so unusual
It's always sketchy to make a big deal about a single trading session, especially in relation to drawing conclusions about future returns. Markets are too noisy, and sometimes there is a market event that throws things out of whack for a day or two.
At the risk of that, let's make a big deal about Monday.
Despite the S&P 500 closing within 0.1% of a record high on Monday, fewer than 35% of securities on the NYSE managed to close above their closing price from Friday. That was the weakest Up Issues Ratio since 1946.
Since 1928, when the S&P 500 was within 0.25% of a 52-week high, an average of 58% of securities on the NYSE advanced for the day. There have been 3,331 days when the S&P was that close to a high, and the histogram below shows just how unusual Monday's session was.
Fed says inflation is only temporary
What Biden’s Big Infrastructure Push Means for Silver
By Stefan Gleason
The federal government is spending and redistributing newly created cash so rapidly, it’s becoming difficult to keep track of which trillions are going where.
This week, President Joe Biden will pitch a $3 trillion “green” infrastructure package. That’s on top of the $1.9 trillion economic “relief” bill he recently signed into law.
Next month, Biden is expected to roll out plans for additional trillions to be spent on healthcare, education, housing, and more.
Republicans in Congress may object to some of the proposed spending. But they have a lousy track record – even during times when they were the majority – when it comes to actually reining in federal outlays.
Infrastructure spending is likely to garner some bipartisan support.
Cryptocurrency Investing in 2021
Why Invest In Gold & Silver, If The Price Is Manipulated? - Steve Penny
The Purest Gold Bullion in the World + Where’s the Silver? | Andy Schectman
Non-fungible token madness
By Daniel Creech
If you haven’t had your fill of madness yet this week, here’s some more…
The guy who kicked former President Trump off Twitter just sold a Tweet for over $2.5 million.
Let me explain.
This week, Twitter CEO Jack Dorsey sold the first-ever tweet (from March 2006) as a non-fungible token (NFT). An NFT is a unique asset that has a digital stamp (certificate) to prove it’s on the blockchain.
What did this valuable tweet say, or what wisdom did it spread?
Covid Caused Massive Money Printing Like Never Before – Nick Barisheff
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
Nick Barisheff, CEO of Bullion Management Group (BMG), is seeing an explosion of money printing in America and around the world. Barisheff wrote a book in 2013 that predicted “$10,000 Gold” (per ounce). Back then, the official U.S. federal debt was around $17 trillion. Now, it’s $30 trillion. Barisheff says his soon-to-be released follow-up book is going to be called “$50,000 Gold” as the U.S. now has tens of trillions of dollars in commitments, debt and off-book unaccounted for money. Barisheff says, “Based on the amount of debt that is there, the current gold price should be at $3,000 (per ounce) and not $1,700, and it’s going to keep rising.”
Powell in WSJ Op-ed: “I Truly Believe that We [the Rich] Will Emerge from this Crisis Stronger and Better, as We [the Rich] Have Done so Often Before”
Gimme a break, will ya? Wherein I rant, supported by the Fed’s own data.
By Wolf Richter for WOLF STREET.
In an op-ed today in the Wall Street Journal, Fed Chair Jerome Powell rationalized and defended the Fed’s ultra-radical, previously unthinkably monstrous, and super-fast bailout of asset holders starting a year ago, when within three months the Fed created $3 trillion and purchased assets with them, and created the biggest media hoopla about those purchases and many more trillions in future purchases, in order to inflate asset prices further, and make asset holders immensely rich.
Absolutely Original, Blockchain Secured, Digital Art Only $69 Million
Pharma Giant Jazz Makes $7.2 Billion Offer to Buy Cannabis Company
By William Mikula
On February 3, a $7.2 billion transaction forever changed the implications for one industry we’ve been following closely.
As longtime Daily readers know, we’ve been tracking the legal cannabis megatrend since 2019. We’ve covered all facets from cultivation… to recreational legalization… to cannabis-infused products… and even the medicinal aspect of the plant.
The last point is what I want to focus on… Because it just got a huge boost.
Today, I’ll tell you how you can ride this trend. But first, a little background…
The “Bros” Are Preparing Their Next Attack
By James Rickards
Most investors have heard of the GameStop frenzy. GameStop is a brick-and-mortar retail outlet for video games, equipment and accessories.
It has long been considered a dying company by Wall Street because it does not have a strong online presence. It seemed to be headed in the same direction as Blockbuster after Netflix arrived with a streaming model for movie rentals to replace Blockbuster’s model of drive-to locations with physical VHS cassettes and DVDs.
GameStop was heavily shorted. Then along came the Bros!