4 Coins We Are Trading and Why
Market Meditations | January 15, 2021
You told us what coins you are trading and why. Now, it’s our turn.
Dear Meditators
Thank you to everyone who participated in our thread earlier today.
You told us what coins you are trading and why. Now, it’s our turn.
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Miami Mayor Wants to Put City’s Treasury Reserves Into Bitcoin ?
Francis Suarez, the major of Miami, is considering putting some of the city’s treasury reserves into bitcoin. In an interview with Fox Business, said that “if I would have done it last year, I would have made 200 plus percent. So I would have looked like a genius.” The mayor is also looking into allowing citizens to pay taxes and fees to the city with bitcoin, in an effort to make Miami “one of the most crypto forward and technological cities” in the country. Read more.Jerome Powell on CBDCs: ‘We Don’t Feel a Need to Be First’ ?
The U.S. is not in a rush to launch a central bank digital currency (CBDC) considering the risks they may pose to the dollar’s dominance. During a webinar, Federal Reserve chairman Jerome Powell said that “clearly there’s a need for, and we’ve been very focused as you know, on better regulatory answers for potential global stablecoins”. He estimates a U.S. CBDC will take years rather than months, but said that the central bank is investing heavily in understanding the technology and potential policy questions. Read more.Capital Manager: ETH Price Will Double Once Bulls Takes Out $1,400 ✨
According to Moonrock Capital Managing Partner Simon Dedic, ETH isn’t far from roaring past its former peak at $1,400. In a recent tweet, the capital manager argued that as soon as bulls breach the former peak, Ether will double in a flash, similar to what BTC did. “You remember how $BTC pumped from 20k to 40k in just 3 weeks once it broke its ATH? $ETH will pump from 1.4k to 3k in less than 2 weeks once its ATH is broken imo,” Dedic predicted. Read more.Billionaire Marks’ Son Owns ‘a Meaningful Amount‘ of Bitcoin for Family ?
In his latest client memo, asset manager and billionaire investor Howard Marks has said that his son Andrew owns a meaningful amount of bitcoin for the family. Regarding his own opinion, he wrote that ‘I probably allowed my pattern recognition around financial innovation and speculative market behavior to produce my skeptical position’, but was also willing to learn ‘in the spirit of open-mindedness’. Marks was not always open to the idea of bitcoin and has called it a pyramid scheme before, calling cryptocurrencies ‘nothing but an unfounded fad’ at the time. Read more.
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4 Coins We Are Trading and Why
The Crypto Lark: Emerging Crypto Trends
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