Archive: crypto
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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 life lately. Ethereum is leading the way and is currently trading around $468. I’m watching one of our speculative picks from a few years back — Haven (XHV)…
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…
Bitcoin is Looking Better Than Ever
By Adam Sharp on October 16, 2020
Long-time readers know I’m always bullish on bitcoin over the long-term. But recently I’ve become extremely bullish over the short- and mid-term. Let me tell you why. On October 7th, Square — a publicly-traded $82 billion financial giant — announced that they purchased $50…
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…
Economic Freedom Plan
By Vin Narayanan on September 30, 2020
I’ve been thinking a lot about freedom in the wake of Supreme Court Justice Ruth Bader Ginsburg’s passing. As Americans, freedom is in our DNA. It’s written into the Declaration of Independence. We hold these truths to be self-evident, that all men are created…
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…
Crypto Monitor: How Stocks Affect Crypto
By Early Investing on September 4, 2020
The crypto markets took a tumble this week. After cracking the $12,000 mark, bitcoin is now trading below $11,000. Ethereum fell from a high of $482 to around $400. So what happened? What does it mean for the crypto markets? And how is it affecting the…
Fidelity Doubles Down on Crypto
By Adam Sharp on August 28, 2020
As you all probably know, Fidelity is one of the biggest asset managers in the world. It boasts at least $2.46 trillion in assets under management (AUM). That’s why the crypto world was shocked in 2018 when Fidelity announced that it was launching Fidelity Digital Assets…
A Glimpse of Bitcoin’s Future
By Adam Sharp on August 21, 2020
A couple of weeks ago something unprecedented happened. Microstrategy — a $1 billion+ publicly traded company — switched $250 million of its dollar reserves into bitcoin. Here’s an excerpt from a Coindesk report, which I strongly recommend reading.
Don’t Choose Between Gold or Bitcoin
By Adam Sharp on August 14, 2020
This week, Barstool Sports founder Dave Portnoy interviewed the Winklevoss twins about bitcoin. The Winklevoss twins are noted tech founders. Today they operate Gemini, one of the largest crypto exchanges in the world. The interview was… strange.