After hitting a record high of $73,135, Bitcoin plummeted to about $60,000.
“The leading token by market value has been buffeted by a six-day streak of outflows from dedicated US ETFs. Adding to fears of increased selling pressure, the rehabilitation trustee of Mt. Gox — the Japanese crypto exchange that was hacked more than a decade ago — announced that it would start repayments of Bitcoin and Bitcoin Cash in July,” says Bloomberg.
However, it appears the pullback is overdone.
|
And if that’s the case, investors may want to jump into a long Bitcoin ETF, miners, and stocks that benefit from rising Bitcoin prices, including: If you believe the value of BTC will push higher, you can invest in the Pro Shares Bitcoin Strategy ETF (SYM: BITO). With an expense ratio of 0.95%, the ETF tracks the performance of spot Bitcoin, and is the world’s largest and most actively traded cryptocurrency ETF, according to ProShares. BITO is mimicking the price of Bitcoin as closely as possible without investing in the cryptocurrency itself. As noted by Money, “Like all crypto ETFs, part of the allure of BITO is that investors don’t need to deal with cryptocurrency wallets and private keys but can instead invest through a broker they already use.” |
Paradigm Press
Biden out by August 19?
A former CIA insider just announced a disturbing prediction…
Biden will withdraw as the Democrat nominee before August 19.
See his shocking evidence in this new report.
|
Company: MicroStrategy (SYM: MSTR) With MicroStrategy (SYM: MSTR), the stock can push even higher. All because it holds about 214,000 Bitcoin. Just like with the miners, the higher the value of Bitcoin, the higher the potential value of MSTR. In addition, with the recent pullback in Bitcoin, MSTR pulled back to $1,481.26. From here, if BTC can push higher, MSTR is sure to follow. |
Colonial Metals
Petrodollar Death Sentence?
The death of the “petrodollar” seems imminent. China and India have decided to abandon the petrodollar. For one main reason. To get around the energy sanctions on Russian oil and gas. The rumor mill expects the already weak US dollar to potentially collapse. Which means every dollar you hold in a retirement account could instantly drop in value. In answer to this issue, we have released a Special Report to the public.
Click here to get your free copy.
|
Company: Riot Platforms (SYM: RIOT) RIOT also pulled back with Bitcoin, finding support at $9.25. From here, we’re looking for it to jump back to about $11 initially. Potentially helping, analysts at Bernstein say Bitcoin could rally to $200,000 by 2025 and to $1 million by 2033 – which would easily catapult RIOT to higher highs. |
Monument Traders Alliance
Forget 99.987% of Stocks (Use This ONE Instead)
A strange market force studied by the likes of Harvard University, the Federal Reserve and the Securities and Exchange Commission has shown the opportunity to make profits of 141%, 333% and even a rare 2,614% in under 11 days…
With just ONE ticker!
See how to make massive profits by abandoning 8,251 of the 8,252 publicly traded stocks.
