Stocks

Diminishing returns: Is Bitcoin underperforming compared to altcoins?

The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has been far more lackluster. The recent market sell-off resulting from the Evergrande crisis has compounded fears. However, it can’t be ignored that many altcoins, particularly platform tokens, have undergone impressive runs and, in some cases, even bucked broader

Episode #339: George Davis, Hotchkis & Wiley, “We’re In Unchartered Territory Right Now”

Episode #339: George Davis, Hotchkis & Wiley, “We’re In Unchartered Territory Right Now” Guest: George Davis serves as CEO and is responsible for setting the firm’s strategic direction. Mr. Davis also serves as a portfolio manager on the Large Cap Fundamental Value and Large Cap Diversified Value portfolios. Date Recorded: 7/21/2021     |     Run-Time: 49:27 Summary: In today’s episode, we’re talking long term value investing. We start with George’s investment philosophy and then walk through how he views the market today, seeing value in both financials and energy stocks. We talk

How to value the stocks of digital banks: J.P. Morgan

The addition of digital banks, finance-embedded internet companies, and other challengers to incumbent banks creates a puzzle for stock analysts: how to figure out what these companies are worth. Most of these new entities are not publicly listed, although that is changing, with upcoming IPOs from the likes of Kakao Bank, Paytm, Bukalapak, and Grab’s SPAC acquisition – not to mention the possibility of a restructured Ant Group. Public or private, these challengers are all getting bank licenses, which means they need to be weighed by anyone researching financial institutions

Bambu’s acquisition takes it into new wealthtech turf

Bambu, a Singapore-based robo-advisor wealthtech company, announced the acquisition of a Dubai-based fintech called TradeSocio on July 13. The move sets Bambu on a path to better service advisory-led wealth markets such as the U.S. – and sets it up for a planned Series C funding round. Ned Philips, CEO and co-founder at Bambu, says the company wants to close on a new $25 million raise in the fourth quarter this year. Its lead investors are Franklin Templeton (also a client) and Chicago-based Peak6 Investments. Bambu has raised a total

Here’s Binance CEO’s take on how to ‘sort of slow down crypto-adoption’

When it comes to cryptocurrency adoption, the past year has been dominated by the fact that institutional investors are now pouring into the digital asset market. In light of growing regulatory clarity and products like those offered by Grayscale that make traditional investors feel right at home when dealing with crypto, the last 12 months have demonstrated that the realms of traditional finance and the digital assets market are bridging the gap.In a recent interaction with Charlie Shrem, Changpeng Zhao [CZ], Founder and CEO of Binance, elaborated on how the

Nexo Chief: Bitcoin Boomers Flock to Semi-Centralized Finance Platforms

In 2020, crypto assets have outperformed gold and equities. Stocks have seen a lot of volatility leading up to the 2020 US presidential election. Antoni Trenchev, CEO of the Nexo online lending/borrowing platform, explained why Ethereum and other assets are on the rise. In part, the crypto space is seeing a rocketing interest among baby boomers. Start With Bitcoin Trenchev sat down with Bloomberg TV to share his thoughts on the huge surge in crypto-asset prices. He believes the DeFi craze has powered the market. The Bulgarian told Bloomberg that

How the Dollar’s Fall from the Top Could Fuel the Future of Bitcoin

Bitcoin was built and designed to be directly opposed to the dollar in every way. In a sense, it is its destiny to trade against the dollar until it meets its untimely demise. That demise could very well be beginning thanks to the pandemic, and its fall from glory could also fuel a future where Bitcoin takes its throne. Here’s what that could look like from a technical analysis perspective. DXY Dollar Currency Index Short-Term Reversal Failure Could Lead To Devastating Breakdown The dollar is one half of every most

Bitcoin is Eerily Copying Gold Trends; Analyst Fears Breakdown

Bitcoin is laggingly tailing the gold chart trends, and it may face trouble for its delayed correlation. That is due to the precious metal’s latest breakdown move, wherein the price broke out of a Symmetrical Triangle pattern to the downside. Incidentally, Bitcoin is now consolidating inside a similar technical structure, and one analyst predicts it would break bearish just like gold. “Since the COVID Crash of March 2020, it is apparent that gold has been leading Bitcoin,” the TradingView.com contributor wrote in his analysis, placing their performance against each other