Cryptocurrency Markets are now worth $3trillion, what are the potential drivers moving forward
Ed Moya, Senior Market Analyst at OANDA joins us to focus on the continued leg higher in the crypto sector. Bitcoin is close to all time highs while Ethereum broke-out to all time highs. The whole cryptocurrency sector is now worth $3trillion. We discuss where the next drivers and risk factors could come from.
Being a Gemini I’ve always had two trains of thought. One of them at the moment says my mining stocks are so ‘yesterday’ and the buggy whip stage is just around the corner. The future is crypto!
At least for the time being, there’s little question of where the younger generations of traders/investors are headed. jmo
Crypto Market Hits $2.8tn As US House Passes $1.2tn Infrastructure Bill
.
Teuta Franjkovic – November 7 2021
.
“It follows a move by the US House of Representatives to pass the $1.2tn Infrastructure Bill which is almost the same value as the entire market cap of Bitcoin.”
.
“The bill says some obligations for the crypto community must be fulfilled, including all digital asset transactions worth more than $10,000 to be reported to the IRS.”
.
“The overall crypto market cap of $2tn was crossed seven months ago while the $1tn cap was surpassed three months before that. It took 13 years – from the publication of the Bitcoin whitepaper at the end of 2008 – until this January for the market to hit the first trillion.”
.
https://coinrivet.com/crypto-market-hits-2-8tn-as-us-house-passes-1-2tn-infrastructure-bill/
The crypto market is now more than big enough to crash the financial system. It could be The Black Swan that brings down The House Of Cards. It dwarfs Evergrande, no gainsaying “The Bigger It Gets The Harder It Falls. DT
If The US Government plans to introduce a digital currency they should have curtailed the size of the crypto market a long time ago. It has now become Too Big Too Fail! The muddle headed bureaucrats have got themselves in another box, a box within a box.
Wow. DT…Crazy..
Aurion sells 70% of Finnish property Silaskaira to Kinross.
Another solid transaction with the big boys by Aurion. (AU) closed up 8% on the day on the news. Nice!
.
https://ceo.ca/@newswire/aurion-signs-definitive-option-agreement-with-kinross
Aussie U miners up 4-5% Tuesday AM.
Deep Yellow leading the Aussie pack +10%, followed by PEN and VMY at 8% and Paladin at 7%
Just read the last posting on Kingworld news….Gold Bull Preparing……There is a small chart half way thru showing gold 2000 to present vs. Us markets year to 2000 to present… quite interesting!!My apologies for not attaching the link..not sure how to do it…..
Thanks Terry.. that’s the link.. I’ve never learned how to add links… guess I’ll google it ,lolCheers
I am getting the distinct feeling that Corporations just don’t want to pay a fair price for commodities and all the rest is smoke.
Off the subject, but what would be the best ways to invest in water as Michael Burry is doing?