Archive: Crypto Asset Strategies
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2020 Turned Into a Great Year for Crypto
By Adam Sharp on December 31, 2020
It’s been an amazing year in crypto! We had a nasty dip in the spring — followed by a roaring comeback once people realized crypto was created for these economic times (massive money printing and even lower interest rates). Things are truly starting to get interesting now. Our long-awaited institutional rush into crypto is finally underway — and I expect it will continue for a long time to come. Bitcoin continues to lead the way, but…
Six Crypto Predictions for 2021
By Adam Sharp on December 23, 2020
Today I’m going to try to make some predictions about the crypto markets in 2021. Let’s dust off the crystal ball and get started. Here’s what I think will happen: Bitcoin will reach at least $50,000 next year. At least five more large publicly-traded…
Crypto is Rising – And It’s Going to Last
By Adam Sharp on December 18, 2020
Cryptocurrencies moved up dramatically over the last week. From our portfolio bitcoin was up 25%, Decred was up 49%, XHV was up 45% and NANO was up 17%. This is what we’ve been waiting patiently for. Those of you who held…
Crypto Pullback Provides Buying Opportunities
By Adam Sharp on December 11, 2020
Crypto prices have pulled back from recent highs over the last week. Bitcoin is trading around $18,000. Ethereum is around $548. Smaller altcoins on the whole have pulled back sharply. This is completely normal action during a bull market. A larger pullback wouldn’t surprise me either.
Don’t Be Fooled by Crypto Hype
By Adam Sharp on December 4, 2020
Lately I’ve been extremely bullish on crypto. And for good reason. But I want to take a step back today. I want to make sure we don’t get too far ahead of ourselves. It will take time for these big institutional firms to fully move into…
Crypto Monitor: Bitcoin Bull Run Charges Ahead
By Early Investing on November 20, 2020
It is an exciting time to be in the crypto markets! Bitcoin cracked the $18,000 mark this week and looks poised to continue its bull run. And select altcoins are surging alongside bitcoin. So how high will bitcoin surge? How long will this crypto bull market last? When…
Crypto Rally Stays Strong
By Adam Sharp on November 13, 2020
Bitcoin and the alts have had an excellent few months recently. Bitcoin is over $16,000 and approaching new all-time highs. Altcoins are rallying with strength as well. I continue to believe that Bitcoin is the safest way to play this market. However, altcoins have come to…
Bitcoin Soars Over $15k
By Adam Sharp on November 6, 2020
It’s been an amazing few weeks for bitcoin, ethereum and other coins. Interest in these alternative assets is absolutely soaring. What’s driving all of this? I believe the world’s troubling financial situation is beginning to register with the average investor (you, of course, have known about…
Iran Loosens Bitcoin Restrictions
By Adam Sharp on October 30, 2020
Some interesting crypto news broke this week. Apparently Iran has changed its laws to allow cryptocurrency to be used for purchasing imports. According to Decrypt (a pretty reliable crypto news outlet), crypto miners will have to sell coins directly to Iran’s…
Bitcoin’s Growth is Just Beginning
By Adam Sharp on October 23, 2020
Well, that happened faster than expected. Last Friday I wrote a piece for Early Investing about how bitcoin was in a very sweet spot. I covered the bullish institutional case, along with other factors leading to a very positive environment.
Bitcoin and Crypto Poised For Big Gains
By Adam Sharp on October 16, 2020
Bitcoin dropped slightly today on news that Korean crypto exchange OKEx is under investigation by Korean authorities. OKEx has suspended withdrawals — apparently due to at least some of its holdings being held by police. This is not great news. But…
Crypto Monitor: Looking to the Future
By Early Investing on October 9, 2020
There’s been some exciting crypto events recently. Jim Cramer is bullish on bitcoin. Digital payment company Square just bought $50 million worth of bitcoin. And that’s just the tip of the iceberg. All this activity has…
Another Stimulus Package Will Come
By Adam Sharp on October 2, 2020
Over recent weeks there’s been a lot of debate about whether or not the U.S. will see another stimulus package. I have no doubt we’ll see another one — but it may have to wait until after the election. More stimulus checks and corporate bailouts are…
Why I’m Steering Clear of Chainlink
By Adam Sharp on September 25, 2020
Chainlink (LINK) is one of the hottest crypto projects in years. It’s been up as much as 1,000% this year and has attracted a large community of followers. I haven’t bought in or recommended it. And I don’t plan to. I’ve spent a lot of time…
Jim Cramer Goes Bullish on Bitcoin
By Adam Sharp on September 18, 2020
This week CNBC’s Jim Cramer sat down for a podcast interview with well-known crypto personality Anthony Pompliano (AKA “Pomp”). Cramer revealed that he owns “so much gold” — but he also said he plans to move 1% of his portfolio into bitcoin.
The Short-Term Threat to Crypto
By Adam Sharp on September 11, 2020
This week former Federal Reserve Chairman Alan Greenspan — AKA “The Maestro” — talked with CNBC. It was a fascinating discussion, and I highly recommend watching. Here are some excerpts. “My overall view is that the inflation outlook is…