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Green Light for Crypto as Musk Reopens the Door? (ISWH, CAN, RIOT, COIN, MARA, HVBTF, MSTR, PYPL)

The biggest story in the cryptocurrency space has to do with Elon Musk. He started the decline last month by stating that Tesla Inc (NASDAQ: TSLA) would no longer accept Bitcoin as payment for its cars. And now, he may have ended its bear market by reversing that conclusion. According to CNBC, the Tesla CEO said on Sunday that the firm will return to accepting bitcoin transactions once it confirms there is reasonable clean energy usage by miners. This opens the door to salvation for the...

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Crypto Prospects: ISWH (OTC US: ISWH) in Focus as Operations Pick Up in 2021 (NASDAQ: COIN) (NASDAQ: RIOT) (NASDAQ: CAN) (NASDAQ: MSTR) (NASDAQ: PYPL) (NASDAQ: MARA)

The crypto space is in a corrective mode. It happens in any trend. What investors want to understand right now, more than ever, is this: what is the long-term trajectory for major cryptocurrencies like Bitcoin? In other words, was this all a bubble fantasy set for another 90 percent dive like the one we saw after the BTC futures started trading in December 2017? Or is it different this time? As we try to evaluate this question, one might consider something other than trying the endlessly...

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Crypto Stocks in Focus after Flash Crash Clears Spec Excess (NASDAQ: COIN) (NASDAQ: RIOT) (NASDAQ: CAN) (OTC US: ISWH) (NASDAQ: MSTR) (NASDAQ: PYPL)

The Bitcoin correction is upon us after the Coinbase Global Inc (NASDAQ:COIN) direct offering. The hype surrounding that process likely pulled in a lot of fast and loose money, which is now on its way out the door in violent fashion. The weekend featured what can only be described as a flash crash, as Bitcoin fell nearly 13% in less than 30 minutes on Sunday morning when it broke through it primary upward trendline in place since mid-December, when it was still under the $20k level. The...

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Why ISW Holdings (OTC US: ISWH) May be the Value Play in Crypto (NASDAQ: MSTR) (NASDAQ: RIOT) (NASDAQ: MARA) (NYSE: SOS) (OTC US: HVBTF) (NASDAQ: CAN)

The Coinbase direct listing is coming, and it’s expected to be a doozy. The leading crypto exchange will begin trading on the Nasdaq next week, and one can imagine that the timing of this decision was an indication of how confident management was in the company’s Q1 results and guide for 2021 yesterday afternoon. The report serves as a fundamental checkpoint for the space as a whole. And boy howdy: Ring the bell. Talk about a blowout report. Coinbase released performance data yesterday...

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Bitcoin Stocks in Focus as Bitcoin Nears New All-Time Highs (NASDAQ: CAN) (OTC US: HVBTF) (OTC US: ISWH) (NYSE: SOS)

If you want to understand why Bitcoin has held up so well in its current bull trend, you need look no further than the difference between the public expression of the Bitcoin views held by JPMorgan Chase & Co. (NYSE:JPM) in 2017 versus its perspective on Bitcoin in 2021. In 2017, JPMorgan CEO Jamie Dimon went on record to say that he would fire any trader that buys or sells Bitcoin “in a second”. It was publicly regarded as dirty, scammy, illegitimate. The domain of criminals and drug...

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More Momo in Crypto as Citi and Goldman Pile In (NASDAQ: CAN) (NASDAQ: RIOT) (OTC US: ISWH) (NASDAQ: MARA)

As we have noted, the argument for or against Bitcoin comes down to future prospects for legitimacy as a currency system. The "store of value", "speculative asset", and "diversification" arguments are all second-order pathways contingent upon its ability to establish itself as a legitimate, mainstream medium of exchange with widespread network-effect legitimacy. But, ironically, that legitimacy may ultimately depend on its acceptance in financial asset terms. Hence, the future is looking...

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Investors Eye Crypto Stocks as Bitcoin Explodes Higher (NASDAQ: CAN) (OTC US: HVBTF) (OTC US: ISWH) (NYSE: SOS)

A piece out in the Wall Street Journal over the weekend included speculation that Bitcoin could be worth as much as $146,000 per coin. This would have appeared absurd just a few months ago, when it was trading around the $10k level. However, nowadays, it looks like a reasonable extrapolation from recent events, with the coin already near a test of $60k. A few more months like the last few, and it will be a fait accompli. Nearly 80% of bitcoin’s supply is illiquid, according to analyst firms...

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The Next Leg of the Bitcoin Stock Bull (NASDAQ: RIOT) (OTC US: ISWH) (NASDAQ: MARA) (NASDAQ: CAN)

At long last, Bitcoin has broken above the $50k mark. That statement would seem unimaginable if it were beamed into the past by just 6 months, when BTC was trading at just a fifth of that price. The alt-currency has been powered by an increasing air of legitimacy driven by confidence in its long-term viability as demonstrated by corporate giants accepting, investing in, or otherwise working with Bitcoin. Large firms like Tesla and Mastercard showing support for crypto. Tesla last week revealed...

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Crypto Stocks Enter a New Age (NASDAQ: CAN) (NASDAQ: RIOT) (OTC US: ISWH) (NASDAQ: MARA)

The Cryptocurrency boom that got full-throated traction last fall has only accelerated, and the key point in play is legitimacy. Something like Bitcoin is ultimately only of value to the extent it can plausibly function as “money”. You can throw out all other ideas and notions. People overcomplicate the situation frequently. Is it a store of value? Is it a functional digital commodity? Is it an alternative to gold? Is it an inflation hedge? The reality is quite simple: if you can’t trade it...

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