Archive: Crypto Asset Strategies – Updates
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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. Crypto markets are still young and volatile. I think this kind of cycle will be the case for years to come. Bitcoin is the possible exception here. It…
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 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…
‘Money Printer Go Brrr’ Goes Mainstream
By Adam Sharp on June 26, 2020
We’ve been talking about the inevitability of massive money printing for the past few years. It’s one of the big reasons I like crypto so much. Now everyone, including mainstream CNBC shows like “Fast Money,” are talking about how the Federal Reserve’s actions are causing stock prices to go up.
Crypto Bull Case Strong Despite Near-Term Risks
By Adam Sharp on June 12, 2020
Yesterday we had one of the biggest sell-offs in stock market history. The Dow Jones dropped almost 7%. And the S&P 500 dropped nearly 6%. The sell-off was extremely steep. At one point on Thursday, Bitcoin was also down around 6%. But it has rebounded since and is…
Conditions Ripe for Institutional Rush to Bitcoin
By Adam Sharp on May 15, 2020
The bitcoin halving has finally happened. And things are certainly looking up in the crypto world. As I write this on Friday morning bitcoin is trading over $9,500. Last week I told you that respected institutional investor Paul Tudor Jones announced he was bullish on bitcoin. I think that…
Crypto Market Update
By Adam Sharp on March 12, 2020
Adam Sharp shares his take on the 20% drop in bitcoin and the even more severe drop in altcoins.
The Fed Fesses Up
By Adam Sharp on November 15, 2019
The Federal Reserve is finally beginning to acknowledge the country’s massive debt problem. That’s an important step toward resolving it.
First Regulation ICO a Welcome Relief for Altcoins
By Adam Sharp on July 26, 2019
Bitcoin is still outperforming altcoins. But Blockstack, a prominent crypto project, is giving altcoins a boost.
Crypto’s Bull Market Returns
By Adam Sharp on June 14, 2019
The crypto bull market is back. And things are looking up from here.
Crypto and Financial Market Update
By Adam Sharp on January 11, 2019
Dear Member, Nothing demonstrates the need for cryptocurrency better than the current financial world. The absurdly low interest rates. The piles and piles of debt. The continued growth of that debt. It’s a monetary system with no check on government recklessness. Central banks (like the Fed) can create money…
Crypto Market Update
By Adam Sharp on November 20, 2018
Dear Member, The crypto market hit fresh lows today, with bitcoin dropping as low as $4,400. The latest reason cited for the drop is a Department of Justice probe into whether tether, the dollar-backed stablecoin created by Bitfinex, was used to boost the price of bitcoin higher last year.