Bitcoin: The Only Story This Week

January 13, 2024

That was quite a week, eh? As was widely expected, on January 10 (the last day possible, given the results of a 2023 court case), the SEC approved 11 spot Bitcoin ETFs.  The big question was “what would that do to the price of Bitcoin?”  Here’s what I said last week: My guess is it […]

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And so we wait

January 6, 2024

The discussion on crypto Twitter for the last few months is “when, or if, the SEC will approve spot Bitcoin ETFs?” The SEC approved Bitcoin Futures ETFs, but they exist to help Wall Street make money.  They don’t help investors. In its quest to protect investors, the SEC approved futures bitcoin ETFs before approving spot […]

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2023 Review and 2024 Predictions

December 30, 2023

Let’s start with the 2023 year in review: overall, it was not a great year. The SPX was up 25% this year, so you would think it was a great year.  Unfortunately, I did not “bet the farm” on the SPX.  The TSX was up 8%.  What accounts for the difference?  The gain in the […]

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A Pre-Year End Review

December 23, 2023

So where are we at? Not where we thought we would be. At the end of 2022, “everyone” predicted a recession in 2023 and a stock market correction or crash. As of the close of trading on December 22, 2023, the S&P 500 is up over 25% for the year.  The QQQ (Nasdaq) is up […]

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The Year End

December 16, 2023

This is not my year-end recap and predictions for next year post.  I might do one, or I might not.  But I can tell you which way the world is going. First, inflation is down.  Way down.  I predict that we will see a CPI print of zero in the summer of 2024.  Why? Money […]

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Quite the Run for Bitcoin

December 9, 2023

Since November 15, Bitcoin is up 25%.  I guess we should have loaded up last month, eh? Year to date, Bitcoin is up 175%.  I guess we should have loaded up on New Year’s Day, eh? Of course another perspective would be to say that since the peak in November, 2021, Bitcoin is down 29%, […]

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Bitcoin and Bonds

December 2, 2023

Two charts for you today.  First, Bitcoin: For those who haven’t paid attention, Bitcoin is up almost 140% year-to-date and is the best-performing asset class of the year.  So, in hindsight, on New Year’s Day 2023, we all should have purchased Bitcoin. More than half of that increase has happened since the middle of September, […]

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A Deep Dive on Bitcoin

November 25, 2023

I believe Bitcoin moves in cycles (that coincidentally or not are roughly aligned with the US presidential election cycle).  The all-time high was in November 2021 at around $69,000 uSD. By November 2022, Bitcoin was below USD 16,000,  for a peak-to-trough drop of over 75%. Since then, Bitcoin has been up 145% and will be […]

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TLT: Did I Get Too Cute?

November 18, 2023

I believe interest rates are heading down, so I bought TLT – iShares 20+ Year Treasury Bond ETF to profit from that. This week, TLT was up over 3%. Beautiful. But I got greedy and wanted more, so on November 14, I sold the TLT November 17 $90 calls for 66 cents.  I owned the […]

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I Have Nothing to Report

November 11, 2023

My post last week describing how to play the crash in interest rates has worked out well, but one week is not a trend, and interest rates did tick up at the end of the week, so let’s not draw any conclusions yet. We are clearly in a recession or close to it.  I won’t […]

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