We just posted an updated market analysis on the Investing page. Long story short, more selling is likely. Our bottom target for SPY is ~355 and for BTC we see low 20s.
Category Archives: Cryptocurrency
“…by 2040, there will be no more Bitcoins able to be mined. As a result, this will encourage excessive hoarding of the supply of Bitcoins. This will push up the Bitcoin price, but reduce the actual trading volume of the Bitcoins (i.e., deflating the float available). On the other hand, by allowing five billion Dogecoins per year to increase the supply of Dogecoins for infinity, the supply will grow, but eventually, reach a practical limit. Therefore, we can calculate the inflation rate of the currency over time.”
“Cathie Wood discusses her investing picks, plus her insight on Reddit, GameStop, Tesla and Bitcoin”
Here is the manager of the best-performing money fund talking about her market positions:
Also here she’s promoting the genomics sector (our largest holding is Bionano Genomics):