DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.
Watch Out For Opposite Day On Bitcoin
As you know, in securities markets it is always Opposite Day. When you think the market is going to rock, it rolls, and when you expect to roll, it rocks. Right now, Bitcoin and for that matter Ether should be in the toilet. The SEC is gunning for crypto, at least one would think that’s the case, since it is hitting Binance and Coinbase and others with lawsuits right now. So it’s all over. Right?
Er, apparently not.
Up 100% from the 2022 lows.
So what on earth is happening?
We covered this question in our Tech Select Pro webinar yesterday after the close. If you missed it, and you’re a Pro-tier member here, just scroll down to watch the video.
By the way - if you’ve been thinking about moving up to a paid membership here, you might want to do so in June. Our prices rise come 1 July. You can sign up right from the button below.
Cestrian Capital Research, Inc - 22 June 2023.
DISCLOSURE - Cestrian Capital Research, Inc staff personal accounts hold long positions in, inter alia, BITO 0.00%↑ BITI 0.00%↑ $ETHE TQQQ 0.00%↑ SQQQ 0.00%↑