This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible.
Bitcoin possesses the same characteristics as money: durability, portability. acceptability, limited supply, divisibility, and uniformity. There is no commonly accepted physical coin that represents Bitcoin. Bitcoins can be converted to other currencies. No one person controls Bitcoin it exits on a Blockchain. Bitcoins are kept in software wallets. The maximum amount of Bitcoins will be […]
$SPY is still bullish over all moving averages. $SPY is within striking distance of all time highs. The 10 day EMA has acted as end of day support since November 16th. $SPY has gone parabolic with upward momentum carrying price over the 70 RSI to 73.79. Every dip in price continues to be bought. The average […]
What does the greatest investor of our time have to say about the Bitcoin mania? Bitcoin breaks all the rules in Mr. Buffett’s methodology for buying cash flowing businesses at a great price that have a moat around their business model. He missed growth stocks Amazon, Tesla, and Google because they did not fit into […]