Monday, April 12, 2021

Bitcoin Stocks Soar Over Weekend

Could the future hold good things for the cryptocurrencies sector or is this just another spontaneous market bubble that is bound to pop?
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Bitcoin Stocks Soar Over Weekend

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Wall Street's love/hate relationship with Bitcoin caused some rumblings in the investing world this weekend as Bitcoin numbers rose to a near record high of $60,000. This is up 116% from the yearly low of $27,734 reported this past January.

Could the future hold good things for the cryptocurrencies sector or is this just another spontaneous market bubble that is bound to pop?

"Why I Sold TSLA and Bought a Bitcoin Stock"

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Bitcoin has had quite the weekend and market pro Jack Carter is sharing his thoughts on the companies recent rise and why he traded in one stock to be able to further invest in the cryptocurrencies market.

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Sixty years ago, if someone had been asked to describe the future there probably would have been the mention of a robot maid, whole meals in pill form, condos in the clouds, a Spacely Sprocket or two and some flying cars mixed in for good measure.

While the world's not quite as advanced as William Hanna and Joseph Barbera had once predicted we would be, we are living in a world that may not be as far off from the one lived in by our favorite futuristic family as we had once believed.

… And when one thinks of today's most futuristic company, it would be no surprise if the first name to pop into most people's minds was TESLA.

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The S&P 500 continues down its record-breaking path as it hits historic all-time highs.

This news comes as a shock to some as it stands in direct contrast to the recently reported rise in jobless claims, again proving that one sector is not necessarily dependent on the other.

As more Americans file for first time unemployment benefits (the total reported number now being 744,000) one can't help but wonder if the recent rise in certain sectors of the markets will be able to hold out or if we could soon see our economic bubble pop...

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