The degree to which cryptocurrency and bitcoin in particular have become part of the current investment world as well as the broader society, has been nothing short of startling.
For those of you that follow the circus in Washington D.C. known as the United States Congress, you would be aware that there was a contentious debate in the U.S. Senate over wording in the so-called infrastructure bill regarding cryptocurrencies.
Crypto came out on the losing end of that debate but will most likely have its way with the wording in the House or otherwise.
But the point here is that crypto’s are being addressed and debated in Congress, something that would have been unheard of in a short time ago.
In addition, an article from the NASDAQ notes, “Some of the biggest names on Wall Street and even a handful of U.S. states ended Q2 with multimillion-dollar bets on Coinbase, possibly the ultimate crypto proxy stock.
“A review of regulatory documents reveals that a parade of megabanks, including Goldman Sachs, JPMorgan, CitiGroup and Bank of America; asset managers such as Millennium Management, BlackRock, Miller Value Partners and Bridgewater; and even states such as Tennessee’s Treasury, have told securities regulators they held COIN on June 30.
“The investments speak to the exploding demand for exposure to the crypto economy, not just the assets themselves. In COIN, one of the largest crypto exchanges and certainly the best-known one on Nasdaq, these institutional investors sought a comfortable in.”
The $2 Trillion dollar cryptocurrency market will continue to expand as a factor in both the U.S. and global economy. It is definitely here to stay.
If you want to stay on top of this rapidly expanding element of the country’s investment and financial sector, I strongly suggest that you subscribe to Strategic Financial intelligence at www.strategicfinancialintelligence.com/product.
The cost is $99 a year – two bucks a week. Is it worth it to spend two dollars a week to stay on top of this rapidly expanding investment sector and receive recommendations on individual crypto’s that we view as having handsome upside potential?
One example, I bought Cardano in January of 2021 for $.33. It’s currently trading at $2.47, a 748 % increase in 7 months.
Do all my recommendations do this well? No. But none have last money. And all have nice gains.
That said, please be aware that past performance is no guarantee of future results. Moreover, these crypto markets are very volatile. And never invest money you cannot afford to lose.
I write the newsletter to keep people informed of what has become a rapidly changing economic and investment world and to make recommendations that I hope will help them to flourish and prosper.
Keep Your Powder Dry
John Truman Wolfe