社区
首页
集团介绍
社区
资讯
行情
学堂
TigerGPT
登录
注册
SuperAngel
IP属地:未知
+关注
帖子 · 73
帖子 · 73
关注 · 0
关注 · 0
粉丝 · 0
粉丝 · 0
SuperAngel
SuperAngel
·
2021-06-23
Gd! Mooning..
Microsoft reaches a $2 trillion market cap
New York (CNN Business)Microsoft has officially entered the most elite of clubs: corporations with a
Microsoft reaches a $2 trillion market cap
看
382
回复
2
点赞
3
编组 21备份 2
分享
举报
SuperAngel
SuperAngel
·
2021-06-16
Yes
【老虎7周年】集卡瓜分百万奖金
@小虎活动:
老虎7周年给大家发福利了,集齐TIGER五个字母即有机会瓜分百万奖金,你准备好了吗? 戳我即可参与活动 如何参与? 用户可通过完成活动页面展示的当日任务列表来获得字母卡,每完成一个任务即可随机获得一个字母,用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券,每个用户单日最多可获得20张字母卡(不包括好友赠予和魔法卡)。 用户在活动期间邀请累计7名好友完成注册并开户(注册时间和开户时间均在活动期间),即可获得一张魔法卡(每人仅可获得一张魔法卡)。魔法卡可用于兑换TIGER中的任意一个字母。如果用户的某一字母卡数量为0,则字母卡为灰色,用户可通过点击灰色的字母卡向好友索要卡片;如果用户的字母卡数量大于0,则字母卡为彩色,用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。 如何获得奖励? 用户可在2021年7月1日至2021年7月2日期间进行开奖,所有集齐TIGER的客户可点击活动页面的“开奖”按钮,即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。 奖励发放: 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心,用户需要在奖励发放后的20天内前往【Tiger Trade APP > 我的 > 活动奖励】领取,过期未领取的奖励将自动失效。 重要提示: 本次7周年活动涉及不同国家和地区,由于各地区的监管要求不同,不同地区的活动奖励会有所区别。欲知详情,请点击下方活动链接,登陆您的账号,并点击“活动规则“查看详情。
【老虎7周年】集卡瓜分百万奖金
看
368
回复
评论
点赞
点赞
编组 21备份 2
分享
举报
SuperAngel
SuperAngel
·
2021-05-17
👍🏻
Sundial Growers Stock Seems To Have Bottomed Out and Ready To Move
An $873.5 million cash buffer will enable aggressive organic, inorganic growth and fuel SNDL stock g
Sundial Growers Stock Seems To Have Bottomed Out and Ready To Move
看
518
回复
评论
点赞
1
编组 21备份 2
分享
举报
SuperAngel
SuperAngel
·
2021-05-17
FUD
Cryptocurrencies: Bubble Or A New FX Frontier?
This article was written exclusively for Investing.com. Are cryptos currencies, commodities, or som
Cryptocurrencies: Bubble Or A New FX Frontier?
看
466
回复
评论
点赞
点赞
编组 21备份 2
分享
举报
SuperAngel
SuperAngel
·
2021-05-17
Share
看
559
回复
评论
点赞
点赞
编组 21备份 2
分享
举报
SuperAngel
SuperAngel
·
2021-05-16
Go! To the moon 🚀🚀Like n comments. Will return comemnt
非常抱歉,此主贴已删除
看
510
回复
1
点赞
1
编组 21备份 2
分享
举报
SuperAngel
SuperAngel
·
2021-05-16
$Walt Disney(DIS)$
Share
看
540
回复
评论
点赞
1
编组 21备份 2
分享
举报
SuperAngel
SuperAngel
·
2021-05-16
Share
看
399
回复
评论
点赞
1
编组 21备份 2
分享
举报
SuperAngel
SuperAngel
·
2021-05-15
$Walt Disney(DIS)$
Share
看
684
回复
1
点赞
1
编组 21备份 2
分享
举报
SuperAngel
SuperAngel
·
2021-05-14
Buy buy buy! To the moon🚀🚀🚀
非常抱歉,此主贴已删除
看
648
回复
1
点赞
3
编组 21备份 2
分享
举报
加载更多
暂无粉丝
热议股票
{"i18n":{"language":"zh_CN"},"isCurrentUser":false,"userPageInfo":{"id":"3582017708065945","uuid":"3582017708065945","gmtCreate":1618923684007,"gmtModify":1623815555266,"name":"SuperAngel","pinyin":"superangel","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":8,"headSize":37,"tweetSize":73,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-2","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"资深虎友","description":"加入老虎社区1000天","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.16","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":2,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":121006995,"gmtCreate":1624442275617,"gmtModify":1631890938002,"author":{"id":"3582017708065945","authorId":"3582017708065945","name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582017708065945","authorIdStr":"3582017708065945"},"themes":[],"htmlText":"Gd! Mooning..","listText":"Gd! Mooning..","text":"Gd! Mooning..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/121006995","repostId":"1177243335","repostType":4,"repost":{"id":"1177243335","kind":"news","pubTimestamp":1624439241,"share":"https://www.laohu8.com/m/news/1177243335?lang=&edition=full","pubTime":"2021-06-23 17:07","market":"us","language":"en","title":"Microsoft reaches a $2 trillion market cap","url":"https://stock-news.laohu8.com/highlight/detail?id=1177243335","media":"cnn","summary":"New York (CNN Business)Microsoft has officially entered the most elite of clubs: corporations with a","content":"<p>New York (CNN Business)Microsoft has officially entered the most elite of clubs: corporations with a market value exceeding $2 trillion.</p>\n<p>The tech giant is only the second publicly traded American company, behind Apple (AAPL), to reach such a valuation. Oil company Saudi Aramco, which went public in 2019, has also previously passed that mark, though its market cap on Tuesday was $1.88 trillion.</p>\n<p>Microsoft's (MSFT) market capitalization topped $2 trillion during trading on Tuesday, and closed just $300 million shy of that mark. Its stock on Tuesday climbed 1.1% to $265.51.</p>\n<p>The company reached the $2 trillion milestone just over two years after it first passed the $1 trillion market cap mark.</p>\n<p>Covid-19 helped get it there. The pandemic meant people were spending more time on their devices, boosting demand for Microsoft's computers, gaming systems and cloud computing platform. And a stock market rally — along with the success of tech companies in particular — lifted its shares.</p>\n<p>Microsoft's stock has gained 64% since March 2020, when pandemic lockdowns began going into effect in the United States.</p>\n<p>In April, Microsoft reported sales were up 19% year-over-year to $41.7 billion for the three months ended March 31.</p>\n<p>\"Over a year into the pandemic, digital adoption curves aren't slowing down,\" CEO Satya Nadella said in a statement at the time. \"We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform.\"</p>\n<p>Apple's market value passed $2 trillion last August, and it currently stands at $2.24 trillion. Now, Microsoft has joined its ranks, with two other Big Tech firms, Amazon (AMZN) and Google (GOOGL GOOGLE), nipping at their heels. Amazon's market cap hit $1.77 trillion on Tuesday, and Google parent Alphabet's reached $1.67 trillion.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft reaches a $2 trillion market cap</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft reaches a $2 trillion market cap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 17:07 GMT+8 <a href=https://edition.cnn.com/2021/06/22/tech/microsoft-2-trillion-market-cap/index.html><strong>cnn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Microsoft has officially entered the most elite of clubs: corporations with a market value exceeding $2 trillion.\nThe tech giant is only the second publicly traded American ...</p>\n\n<a href=\"https://edition.cnn.com/2021/06/22/tech/microsoft-2-trillion-market-cap/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://edition.cnn.com/2021/06/22/tech/microsoft-2-trillion-market-cap/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177243335","content_text":"New York (CNN Business)Microsoft has officially entered the most elite of clubs: corporations with a market value exceeding $2 trillion.\nThe tech giant is only the second publicly traded American company, behind Apple (AAPL), to reach such a valuation. Oil company Saudi Aramco, which went public in 2019, has also previously passed that mark, though its market cap on Tuesday was $1.88 trillion.\nMicrosoft's (MSFT) market capitalization topped $2 trillion during trading on Tuesday, and closed just $300 million shy of that mark. Its stock on Tuesday climbed 1.1% to $265.51.\nThe company reached the $2 trillion milestone just over two years after it first passed the $1 trillion market cap mark.\nCovid-19 helped get it there. The pandemic meant people were spending more time on their devices, boosting demand for Microsoft's computers, gaming systems and cloud computing platform. And a stock market rally — along with the success of tech companies in particular — lifted its shares.\nMicrosoft's stock has gained 64% since March 2020, when pandemic lockdowns began going into effect in the United States.\nIn April, Microsoft reported sales were up 19% year-over-year to $41.7 billion for the three months ended March 31.\n\"Over a year into the pandemic, digital adoption curves aren't slowing down,\" CEO Satya Nadella said in a statement at the time. \"We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform.\"\nApple's market value passed $2 trillion last August, and it currently stands at $2.24 trillion. Now, Microsoft has joined its ranks, with two other Big Tech firms, Amazon (AMZN) and Google (GOOGL GOOGLE), nipping at their heels. Amazon's market cap hit $1.77 trillion on Tuesday, and Google parent Alphabet's reached $1.67 trillion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163992932,"gmtCreate":1623855604226,"gmtModify":1631890938004,"author":{"id":"3582017708065945","authorId":"3582017708065945","name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582017708065945","authorIdStr":"3582017708065945"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163992932","repostId":"114899451","repostType":1,"repost":{"id":114899451,"gmtCreate":1623063308869,"gmtModify":1631884627596,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/9e396d03155923b283948d2dec9191f8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"36984908995200","authorIdStr":"36984908995200"},"themes":[],"title":"【老虎7周年】集卡瓜分百万奖金","htmlText":"老虎7周年给大家发福利了,集齐TIGER五个字母即有机会瓜分百万奖金,你准备好了吗? <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可参与活动</a> 如何参与? 用户可通过完成活动页面展示的当日任务列表来获得字母卡,每完成一个任务即可随机获得一个字母,用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券,每个用户单日最多可获得20张字母卡(不包括好友赠予和魔法卡)。 用户在活动期间邀请累计7名好友完成注册并开户(注册时间和开户时间均在活动期间),即可获得一张魔法卡(每人仅可获得一张魔法卡)。魔法卡可用于兑换TIGER中的任意一个字母。如果用户的某一字母卡数量为0,则字母卡为灰色,用户可通过点击灰色的字母卡向好友索要卡片;如果用户的字母卡数量大于0,则字母卡为彩色,用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。  如何获得奖励? 用户可在2021年7月1日至2021年7月2日期间进行开奖,所有集齐TIGER的客户可点击活动页面的“开奖”按钮,即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。 奖励发放: 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心,用户需要在奖励发放后的20天内前往【Tiger Trade APP > 我的 > 活动奖励】领取,过期未领取的奖励将自动失效。 重要提示: 本次7周年活动涉及不同国家和地区,由于各地区的监管要求不同,不同地区的活动奖励会有所区别。欲知详情,请点击下方活动链接,登陆您的账号,并点击“活动规则“查看详情。","listText":"老虎7周年给大家发福利了,集齐TIGER五个字母即有机会瓜分百万奖金,你准备好了吗? <a href=\"https://www.itiger.com/activity/market/2021/7th-anniversary?lang=zh_CN\" target=\"_blank\">戳我即可参与活动</a> 如何参与? 用户可通过完成活动页面展示的当日任务列表来获得字母卡,每完成一个任务即可随机获得一个字母,用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券,每个用户单日最多可获得20张字母卡(不包括好友赠予和魔法卡)。 用户在活动期间邀请累计7名好友完成注册并开户(注册时间和开户时间均在活动期间),即可获得一张魔法卡(每人仅可获得一张魔法卡)。魔法卡可用于兑换TIGER中的任意一个字母。如果用户的某一字母卡数量为0,则字母卡为灰色,用户可通过点击灰色的字母卡向好友索要卡片;如果用户的字母卡数量大于0,则字母卡为彩色,用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。  如何获得奖励? 用户可在2021年7月1日至2021年7月2日期间进行开奖,所有集齐TIGER的客户可点击活动页面的“开奖”按钮,即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。 奖励发放: 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心,用户需要在奖励发放后的20天内前往【Tiger Trade APP > 我的 > 活动奖励】领取,过期未领取的奖励将自动失效。 重要提示: 本次7周年活动涉及不同国家和地区,由于各地区的监管要求不同,不同地区的活动奖励会有所区别。欲知详情,请点击下方活动链接,登陆您的账号,并点击“活动规则“查看详情。","text":"老虎7周年给大家发福利了,集齐TIGER五个字母即有机会瓜分百万奖金,你准备好了吗? 戳我即可参与活动 \u0001如何参与? 用户可通过完成活动页面展示的当日任务列表来获得字母卡,每完成一个任务即可随机获得一个字母,用户集齐“TIGER”五个字母即可参与瓜分百万股票代金券,每个用户单日最多可获得20张字母卡(不包括好友赠予和魔法卡)。 用户在活动期间邀请累计7名好友完成注册并开户(注册时间和开户时间均在活动期间),即可获得一张魔法卡(每人仅可获得一张魔法卡)。魔法卡可用于兑换TIGER中的任意一个字母。\u0001如果用户的某一字母卡数量为0,则字母卡为灰色,用户可通过点击灰色的字母卡向好友索要卡片;如果用户的字母卡数量大于0,则字母卡为彩色,用户可通过点击彩色的字母卡向好友赠送卡片。当用户集齐TIGER之后将无法再索要卡片或者赠送卡片。 \u0001 \u0001如何获得奖励? 用户可在2021年7月1日至2021年7月2日期间进行开奖,所有集齐TIGER的客户可点击活动页面的“开奖”按钮,即可查看自己瓜分到的股票代金券奖励。在开奖时间段内未点击开奖的用户将无法获得奖励。\u0001 奖励发放: 股票代金券将在开奖后的1个工作日内发放至用户的奖励中心,用户需要在奖励发放后的20天内前往【Tiger Trade APP > 我的 > 活动奖励】领取,过期未领取的奖励将自动失效。 重要提示: 本次7周年活动涉及不同国家和地区,由于各地区的监管要求不同,不同地区的活动奖励会有所区别。欲知详情,请点击下方活动链接,登陆您的账号,并点击“活动规则“查看详情。","images":[{"img":"https://static.tigerbbs.com/ab28db31a19b458d604a8bf02becddd3","width":"415","height":"125"},{"img":"https://static.tigerbbs.com/5227ebb594fe55b532c840acef147d7b","width":"415","height":"495"},{"img":"https://static.tigerbbs.com/92e88357b534f504b3088bc22f577a83","width":"415","height":"326"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/114899451","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195104098,"gmtCreate":1621260567414,"gmtModify":1631890938005,"author":{"id":"3582017708065945","authorId":"3582017708065945","name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582017708065945","authorIdStr":"3582017708065945"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/195104098","repostId":"1111524532","repostType":4,"repost":{"id":"1111524532","kind":"news","pubTimestamp":1621257362,"share":"https://www.laohu8.com/m/news/1111524532?lang=&edition=full","pubTime":"2021-05-17 21:16","market":"us","language":"en","title":"Sundial Growers Stock Seems To Have Bottomed Out and Ready To Move","url":"https://stock-news.laohu8.com/highlight/detail?id=1111524532","media":"InvestorPlace","summary":"An $873.5 million cash buffer will enable aggressive organic, inorganic growth and fuel SNDL stock g","content":"<p>An $873.5 million cash buffer will enable aggressive organic, inorganic growth and fuel SNDL stock gains</p>\n<p>It’s been a volatile year for <b>Sundial Growers</b> (NASDAQ:<b><u>SNDL</u></b>) stock. At the beginning of the year, SNDL stock was trading at 47 cents per share. With aggressive growth plans and hopes for Federal level legalization of cannabis, investors pushed SNDL stock to $3.96.</p>\n<p>It didn’t take time for the rally to fizzle out and after sustained correction, the shares currently trade at 70 cents a piece. It seems very likely that SNDL stock has bottomed out and current levels are attractive for fresh exposure.</p>\n<p>My view is underscored by the fact that Sundial’s losses widened in the first quarter of 2021 with the pandemic snuffing sales. However, SNDL stock remained sideways after the results were released.</p>\n<p>Let’s talk about the reasons for the big correction. First and foremost, profit-booking was likely after a sharp rally, which was partially speculative in nature. Furthermore, Sundial has been on a capital-raising spree to pay for its expansion plans. Equity dilution is another major reason for the big correction.</p>\n<p><b>Positive Triggers for SNDL Stock</b></p>\n<p>Now, about that capital raising spree. As of Q1 2021, Sundial reported cash and equivalents of $873.5 million. This cash buffer gives the company a lot of financial flexibility to pursue growth opportunities. Considering the current cash buffer, it seems unlikely that Sundial do anything to further dilute equity.</p>\n<p>On the organic growth front, Sundial reported revenue of $9.9 million for Q1 2021, which was lower by 29% as compared to Q4 2020. Growth was tempered by Covid-19. However, the company did manage to report its first positive EBITDA. If it can sustain the positive adjusted EBITDA, it’s a key upside trigger for SNDL stock.</p>\n<p>I also like the fact that branded cannabis sales were 74% of total sales. If sale of branded products remains robust, the company is positioned to deliver healthy EBITDA margin and cash flows.</p>\n<p>Beyond Q1 2021, I believe that the following factors are likely to ensure that the company’s growth is healthy in the coming quarters.</p>\n<p>In May 2021, the company announced the acquisition of <b>Inner Spirit Holdings</b> for a consideration of $131 million. The company is a franchiser and operator of retail cannabis stores in Canada.</p>\n<p>With 86 stores, the company has a significant footprint. It’s very likely that Sundial will leverage on the retail presence to sell the company’s branded inhalable products. It’s also important to note that for Q4 2020, Inner Spirit reported revenue of $9.2 million and an EBITDA margin of 19%. The acquisition is therefore likely to boost top-line growth coupled with margin expansion.</p>\n<p><b>Opportunities in the SunStream Bancorp JV</b></p>\n<p>Sundial has also a formed a 50-50 joint venture with <b>SAF Group</b>. The latter is a Canada-based alternative investment manager.</p>\n<p>Sundial had initially committed $100 million to the SunStream Bancorp JV. However, the commitment was recently raised to $188 million.</p>\n<p>The idea is to create a co-managed special opportunities global cannabis fund. The fund will create a portfolio of debt, equity and hybrid investments. I believe that the JV is likely to create long-term value.</p>\n<p>It’s worth noting that in Q1 2021, the company generated revenue of $15.7 million from cannabis-related portfolio investments.</p>\n<p>Once the JV has debt and equity investments, it’s likely to serve as a source of recurring revenue for the company. Sundial believes that there is a global pipeline of $500 million related to debt and equity opportunities. I would not be surprised if Sundial further increases the commitment to the JV.</p>\n<p><b>Concluding Views</b></p>\n<p>Sundial Growers is aggressively creating a broad portfolio of investments. Earlier this month, the companyacquired additional stakein <b>The Valens Company</b> (OTCMKTS:<b><u>VLNCF</u></b>), which is a developer and manufacturer of cannabinoid-based products. As the legal cannabis market continues to grow, these investments will deliver results.</p>\n<p>As the company continues to deploy its cash in growth and investing activities, revenue and EBITDA are likely to accelerate. Therefore, SNDL stock looks attractive after a big correction.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sundial Growers Stock Seems To Have Bottomed Out and Ready To Move</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSundial Growers Stock Seems To Have Bottomed Out and Ready To Move\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-17 21:16 GMT+8 <a href=https://investorplace.com/2021/05/sundial-growers-stock-seems-to-have-bottomed-out-and-ready-to-move/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>An $873.5 million cash buffer will enable aggressive organic, inorganic growth and fuel SNDL stock gains\nIt’s been a volatile year for Sundial Growers (NASDAQ:SNDL) stock. At the beginning of the year...</p>\n\n<a href=\"https://investorplace.com/2021/05/sundial-growers-stock-seems-to-have-bottomed-out-and-ready-to-move/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNDL":"SNDL Inc."},"source_url":"https://investorplace.com/2021/05/sundial-growers-stock-seems-to-have-bottomed-out-and-ready-to-move/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111524532","content_text":"An $873.5 million cash buffer will enable aggressive organic, inorganic growth and fuel SNDL stock gains\nIt’s been a volatile year for Sundial Growers (NASDAQ:SNDL) stock. At the beginning of the year, SNDL stock was trading at 47 cents per share. With aggressive growth plans and hopes for Federal level legalization of cannabis, investors pushed SNDL stock to $3.96.\nIt didn’t take time for the rally to fizzle out and after sustained correction, the shares currently trade at 70 cents a piece. It seems very likely that SNDL stock has bottomed out and current levels are attractive for fresh exposure.\nMy view is underscored by the fact that Sundial’s losses widened in the first quarter of 2021 with the pandemic snuffing sales. However, SNDL stock remained sideways after the results were released.\nLet’s talk about the reasons for the big correction. First and foremost, profit-booking was likely after a sharp rally, which was partially speculative in nature. Furthermore, Sundial has been on a capital-raising spree to pay for its expansion plans. Equity dilution is another major reason for the big correction.\nPositive Triggers for SNDL Stock\nNow, about that capital raising spree. As of Q1 2021, Sundial reported cash and equivalents of $873.5 million. This cash buffer gives the company a lot of financial flexibility to pursue growth opportunities. Considering the current cash buffer, it seems unlikely that Sundial do anything to further dilute equity.\nOn the organic growth front, Sundial reported revenue of $9.9 million for Q1 2021, which was lower by 29% as compared to Q4 2020. Growth was tempered by Covid-19. However, the company did manage to report its first positive EBITDA. If it can sustain the positive adjusted EBITDA, it’s a key upside trigger for SNDL stock.\nI also like the fact that branded cannabis sales were 74% of total sales. If sale of branded products remains robust, the company is positioned to deliver healthy EBITDA margin and cash flows.\nBeyond Q1 2021, I believe that the following factors are likely to ensure that the company’s growth is healthy in the coming quarters.\nIn May 2021, the company announced the acquisition of Inner Spirit Holdings for a consideration of $131 million. The company is a franchiser and operator of retail cannabis stores in Canada.\nWith 86 stores, the company has a significant footprint. It’s very likely that Sundial will leverage on the retail presence to sell the company’s branded inhalable products. It’s also important to note that for Q4 2020, Inner Spirit reported revenue of $9.2 million and an EBITDA margin of 19%. The acquisition is therefore likely to boost top-line growth coupled with margin expansion.\nOpportunities in the SunStream Bancorp JV\nSundial has also a formed a 50-50 joint venture with SAF Group. The latter is a Canada-based alternative investment manager.\nSundial had initially committed $100 million to the SunStream Bancorp JV. However, the commitment was recently raised to $188 million.\nThe idea is to create a co-managed special opportunities global cannabis fund. The fund will create a portfolio of debt, equity and hybrid investments. I believe that the JV is likely to create long-term value.\nIt’s worth noting that in Q1 2021, the company generated revenue of $15.7 million from cannabis-related portfolio investments.\nOnce the JV has debt and equity investments, it’s likely to serve as a source of recurring revenue for the company. Sundial believes that there is a global pipeline of $500 million related to debt and equity opportunities. I would not be surprised if Sundial further increases the commitment to the JV.\nConcluding Views\nSundial Growers is aggressively creating a broad portfolio of investments. Earlier this month, the companyacquired additional stakein The Valens Company (OTCMKTS:VLNCF), which is a developer and manufacturer of cannabinoid-based products. As the legal cannabis market continues to grow, these investments will deliver results.\nAs the company continues to deploy its cash in growth and investing activities, revenue and EBITDA are likely to accelerate. Therefore, SNDL stock looks attractive after a big correction.","news_type":1},"isVote":1,"tweetType":1,"viewCount":518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195102540,"gmtCreate":1621260523980,"gmtModify":1631890938007,"author":{"id":"3582017708065945","authorId":"3582017708065945","name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582017708065945","authorIdStr":"3582017708065945"},"themes":[],"htmlText":"FUD","listText":"FUD","text":"FUD","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/195102540","repostId":"1174511572","repostType":4,"repost":{"id":"1174511572","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信,提供全球各国海量金融资讯和实时行情数据,包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1621258154,"share":"https://www.laohu8.com/m/news/1174511572?lang=&edition=full","pubTime":"2021-05-17 21:29","market":"fut","language":"en","title":"Cryptocurrencies: Bubble Or A New FX Frontier?","url":"https://stock-news.laohu8.com/highlight/detail?id=1174511572","media":"英为财情Investing","summary":"This article was written exclusively for Investing.com.\n\nAre cryptos currencies, commodities, or som","content":"<p><i>This article was written exclusively for Investing.com.</i></p>\n<ul>\n <li>Are cryptos currencies, commodities, or something else?</li>\n <li>Regulators need to answer one key question</li>\n <li>Blockchain is changing past business notions</li>\n <li>US SEC likely to take a leadership role, but that might not be sufficient</li>\n <li>The wild ride is likely to continue; Governments and regulators hold the key to cooling the volatility</li>\n</ul>\n<p>As technology stocks exploded to remarkable heights in the 1990s, Fed chief at the time, Alan Greenspan, called the price action “<i>irrational exuberance</i>.” But today, that term seems too mild for the trajectory of the digital currency asset class over the past months and years.</p>\n<p>In 2010, a Bitcoin token sold for five cents. At the recent high of over $65,500 on Apr. 14, a one-dollar investment back then in the leading cryptocurrency was worth over $1.3 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bfc7c799fa2caacfca70923fdc777317\" tg-width=\"1290\" tg-height=\"1094\"><span>Ethereum Daily</span></p>\n<p>In October 2015,Ethereum was at around 55 cents per coin. A $100 investment at that time was worth over $660,000 at the May 6, $3642.25 peak.</p>\n<p>While incredible returns in cryptocurrencies are more than bubblicious, the asset class’s market cap at the $2.4 trillion level was only slightly higher than the leading publicly traded company, Apple (NASDAQ:AAPL). As of the end of last week, APPL’s valuation was at the $2.085 trillion level. For an entire asset class, a market cap of $2.29 trillion may not signal bubble territory, according to many of the market’s devotees.</p>\n<p>Digital currencies are a libertarian response to government control of the money supply. Many see these tokens as the offspring of our technological era, since cryptocurrencies reflect a shift towards Fintech.</p>\n<p>When it comes to “<i>irrational exuberance</i>,” the rise in their value has created an environment of greed where market participants are investing in tokens and hoping for Bitcoin-like returns. The latest digital currency success story has beenDogecoin, whichbeganas a joke.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/42b9055473613d2667d3ca1aa626b7c4\" tg-width=\"1290\" tg-height=\"1094\"><span>Dogecoin Daily</span></p>\n<p>After trading at a fraction of a cent in late 2020, the price, at the end of last week, was over the 54 cent level. The digital token's market cap was over $70 billion, making Dogecoin the fourth leading crypto, which is far from a joke.</p>\n<p>Each day, the cryptocurrency asset class is reaching new levels of acceptance. Regulators in the US and Europe will need to decide if the asset class is a commodity, a currency, or something else. Meanwhile, time will tell if the price appreciation is a bubble or a new frontier that will change the way money flows worldwide.</p>\n<p><b>Are cryptos currencies, commodities, or something else?</b></p>\n<p>In 2017, when the CFTC decided to allow the Chicago Mercantile Exchange (CME) and other exchanges to listBitcoin futures, it took the position that the cryptocurrencies were commodities. It is challenging to pigeonhole the burgeoning asset class as they have idiosyncratic characteristics similar to commodities, given their penchant for price volatility.</p>\n<p>They are also exchange instruments with many commonalities with foreign exchange instruments. Cryptos are unique, which makes them hard to fathom for market traditionalists.</p>\n<p>At the same time, there is broad agreement that blockchain technology, the child of Bitcoin, revolutionizes payments and record keeping. The tokens that gave birth to Fintech is another story.</p>\n<p>In 2017, JP Morgan Chase’s CEO, Jamie Dimon, said that Bitcoin and digital currencies were a “<i>fraud</i>.” At the time, he said that anyone at his bank caught trading Bitcoin or the other novel instruments would be fired on the spot.</p>\n<p>Warren Buffet, the much-followed value investor and CEO of Berkshire Hathaway (NYSE:BRKa), called Bitcoin financial “<i>rat poison squared</i>.”</p>\n<p>Four years later, Jamie Dimon is singing a different tune as JP Morgan Chase (NYSE:JPM) is opening a fund for its high net worth customers to invest in cryptocurrencies. Meanwhile, Mr. Buffet appears to be sticking to his guns. This month, his partner, Charlie Munger, doubled down by saying that digital currencies are “<i>disgusting and contrary to the interests of civilization</i>.”</p>\n<p>There are now futures contracts on Bitcoin<i>and</i>Ethereumtrading on CME. On May 3, the CME rolled out amicro Bitcoin contractwith lower initial margin requirements to increase the addressable market for trading.</p>\n<p>Coinbase’s (NASDAQ:COIN) listing on NASDAQ made the platform for over-the-counter digital currency trading, investing, and services, a publicly traded exchange worth nearly $48 billion at $258.37 per share at the end of last week. Meanwhile, the CME and Intercontinental Exchange (ICE), two leading traditional exchange platforms, had market caps of $77.92 billion and $63.74 billion, respectively. It took the CME and ICE around two decades to reach these market caps; COIN did it in one month.</p>\n<p>On Apr. 14, COIN’s market cap reached an incredible $100 billion on the first day of trading.</p>\n<p><b>Regulators need to answer one key question</b></p>\n<p>No one is arguing that cryptocurrencies are not a unique asset class. The demand for Bitcoin, Ethereum, and the other over 9,820 coins and growing is rising. The market cap was over the $2.29 trillion level last week as it recently rose above the world’s leading company, Apple.</p>\n<p>Regulators need to define this asset class before they can regulate it effectively. One of the global regulatory environment's critical issues is that the philosophy that underlies cryptocurrencies is a libertarian rejection of government involvement in money.</p>\n<p>This ideology could be a challenging hump to overcome. Once past that issue, custody and security are issues.</p>\n<p>On the face of it, the recent hack of the Colonial pipeline that brings gasoline to the US East Coast may have nothing to do with cryptocurrencies. Still, it raises the issue of computer hackers’ ability to crack into energy flows critical to a country’s national security.</p>\n<p>Custody and security for computer wallets holding trillions in value is a substantial, and in some ways similar issue facing regulators, who see their job as “<i>protecting the public</i>.” Moreover, it may not be in a government’s best interest to give up control of the money supply as the use of cryptos in the global financial system grows.</p>\n<p>After all, controlling short-term interest rates, influencing rates further out along the yield curve, and the ability to expand or contract the amount of currency in the financial system are critical monetary and fiscal policy tools. Indeed, regulators have their hands full defining the cryptocurrency asset class as it does not fit easily into any existing regulatory verticals.</p>\n<p><b>Blockchain is changing past business notions</b></p>\n<p>Blockchain is a complex core component of the digital currency asset class. However, it is a basic and straightforward notion that also drives Fintech. A blockchain is a list of transactions that anyone can view and verify. It is transactional history.</p>\n<p>The Bitcoin blockchain contains a record of every time a party sent or received Bitcoin. Almost all cryptocurrencies are secured via blockchain networks, but blockchain has applications far beyond the cryptos.</p>\n<p>Payments via blockchain are more secure than standard debit or credit card transactions. Moreover, accuracy is constantly verified by a massive level of computing power, increasing the speed and efficiency of the payment system.</p>\n<p>The blockchain also eliminates the need for third-party processors. Sensitive information is omitted, providing a level of identity protection. While no system is foolproof, blockchain technology is the core concept of Fintech and improves the antiquated way of doing business.</p>\n<p><b>US SEC likely to take a leadership role, but that might not be sufficient</b></p>\n<p>Gary Gensler is now the Biden Administration's Securities and Exchange Commission (SEC) Chairman, and he is no stranger to Fintech. Under his stewardship at the Commodity Futures Trading Commission (CFTC) during the Obama administration, Gensler vetted Bitcoin futures that appeared on the CME in late 2017. During his hiatus from the regulatory community, he was professor Gensler at MIT, teaching a Fintech course.</p>\n<p>At the SEC, he is not in the hot seat for creating a regulatory protocol for cryptocurrencies. As the interest in the sector expands, more companies now accept cryptos as payments. And Coinbase is now a publicly traded exchange.</p>\n<p>The SEC is currently vetting applications for cryptocurrency ETF and ETN products. Once approved, they would likely exponentially increase the addressable market for trading and investing.</p>\n<p>The Fed Chairman, Jerome Powell's answer to a question about a digitaldollarwill probably also define the SEC’s approach under Chairman Gensler. In late April, Powell said it is important not to rush but rather to get it “<i>right</i>.”</p>\n<p>The process for ETFs and ETNs is likely to move at a snail’s pace at the SEC as they attempt to define precisely in what financial vertical cryptos belong. They have characteristics of commodities and currencies but are different as well. We could see the SEC pass the ball with a recommendation to create a Fintech regulator independent from the CFTC and SEC.</p>\n<p>While the US is a leader in the global economy, cryptocurrencies transcend borders. Any regulatory effort would be incomplete if it did not have cross-border coordination and cooperation. Though the US, EU, UK, and Japan would likely cooperate on the regulation of digital currencies, China, Russia, and other countries could pose more than a challenge.</p>\n<p>A global regulatory approach would be like herding cats with conflicting interests from vastly different political and economic systems. The potential for global harmony is a pipedream.</p>\n<p><b>The wild ride is likely to continue; Governments and regulators hold the key to cooling the volatility</b></p>\n<p>If Charlie Munger has his way, governments will outlaw the cryptocurrency asset class. While US Treasury Secretary Janet Yellen and European Central Bank President Christine Lagarde consistently cite the nefarious aspects of the asset class, their true motivation is likely to retain power through control of the money supply.</p>\n<p>Government officials favor the status quo, declining to shift towards a global currency market that transcends their influence and strips power from policymakers. Nonetheless, China is proceeding in rolling out adigital yuan. The US and EU are likely to follow, albeit slowly.</p>\n<p>Meanwhile, governments and regulators hold the key to cooling volatility. The highest the digital currency market cap grows, the greater the pressure to regulate will become.</p>\n<p>However, any event that undermines the asset class over the coming weeks or months would give regulators more time. In 2014, the Mount Gox hack slowed down Bitcoin's growth for a few years. Last week’s Colonial pipeline hack in the US is a warning to those holding substantial wealth in computer wallets that they are not secure.</p>\n<p>I see three significant aspects to the Fintech revolution and the rise of cryptocurrencies:</p>\n<ol>\n <li>Blockchain is already widely accepted as financial evolution rather than a revolution.</li>\n <li>The growing number of companies and services accepting the tokens only adds to the market’s growth and supports the use of cryptos as a means of exchange.</li>\n <li>Perhaps most significantly, given the parabolic price moves, there's the speculative element.</li>\n</ol>\n<p>Human nature drives us to markets that offer fantastic returns and “<i>easy money</i>” whether that seems believable or not. Over my lifetime, few markets have moved to levels where a one-dollar investment could be worth over $1 million in the space of eleven years.</p>\n<p>The potential of those types of returns and a market with over 9,800 tokens will continue to fuel a speculative frenzy until the asset class is defined, regulated, and controlled—if that is possible. While cryptocurrencies face more than a few issues, the ideology and philosophy that rejects government control could be a wall too high to scale.</p>\n<p>Are cryptocurrencies a bubble or a new currency frontier? They may be a bit of both wrapped in an enigma that questions economic and political conventions.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cryptocurrencies: Bubble Or A New FX Frontier?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCryptocurrencies: Bubble Or A New FX Frontier?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time\">2021-05-17 21:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><i>This article was written exclusively for Investing.com.</i></p>\n<ul>\n <li>Are cryptos currencies, commodities, or something else?</li>\n <li>Regulators need to answer one key question</li>\n <li>Blockchain is changing past business notions</li>\n <li>US SEC likely to take a leadership role, but that might not be sufficient</li>\n <li>The wild ride is likely to continue; Governments and regulators hold the key to cooling the volatility</li>\n</ul>\n<p>As technology stocks exploded to remarkable heights in the 1990s, Fed chief at the time, Alan Greenspan, called the price action “<i>irrational exuberance</i>.” But today, that term seems too mild for the trajectory of the digital currency asset class over the past months and years.</p>\n<p>In 2010, a Bitcoin token sold for five cents. At the recent high of over $65,500 on Apr. 14, a one-dollar investment back then in the leading cryptocurrency was worth over $1.3 million.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bfc7c799fa2caacfca70923fdc777317\" tg-width=\"1290\" tg-height=\"1094\"><span>Ethereum Daily</span></p>\n<p>In October 2015,Ethereum was at around 55 cents per coin. A $100 investment at that time was worth over $660,000 at the May 6, $3642.25 peak.</p>\n<p>While incredible returns in cryptocurrencies are more than bubblicious, the asset class’s market cap at the $2.4 trillion level was only slightly higher than the leading publicly traded company, Apple (NASDAQ:AAPL). As of the end of last week, APPL’s valuation was at the $2.085 trillion level. For an entire asset class, a market cap of $2.29 trillion may not signal bubble territory, according to many of the market’s devotees.</p>\n<p>Digital currencies are a libertarian response to government control of the money supply. Many see these tokens as the offspring of our technological era, since cryptocurrencies reflect a shift towards Fintech.</p>\n<p>When it comes to “<i>irrational exuberance</i>,” the rise in their value has created an environment of greed where market participants are investing in tokens and hoping for Bitcoin-like returns. The latest digital currency success story has beenDogecoin, whichbeganas a joke.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/42b9055473613d2667d3ca1aa626b7c4\" tg-width=\"1290\" tg-height=\"1094\"><span>Dogecoin Daily</span></p>\n<p>After trading at a fraction of a cent in late 2020, the price, at the end of last week, was over the 54 cent level. The digital token's market cap was over $70 billion, making Dogecoin the fourth leading crypto, which is far from a joke.</p>\n<p>Each day, the cryptocurrency asset class is reaching new levels of acceptance. Regulators in the US and Europe will need to decide if the asset class is a commodity, a currency, or something else. Meanwhile, time will tell if the price appreciation is a bubble or a new frontier that will change the way money flows worldwide.</p>\n<p><b>Are cryptos currencies, commodities, or something else?</b></p>\n<p>In 2017, when the CFTC decided to allow the Chicago Mercantile Exchange (CME) and other exchanges to listBitcoin futures, it took the position that the cryptocurrencies were commodities. It is challenging to pigeonhole the burgeoning asset class as they have idiosyncratic characteristics similar to commodities, given their penchant for price volatility.</p>\n<p>They are also exchange instruments with many commonalities with foreign exchange instruments. Cryptos are unique, which makes them hard to fathom for market traditionalists.</p>\n<p>At the same time, there is broad agreement that blockchain technology, the child of Bitcoin, revolutionizes payments and record keeping. The tokens that gave birth to Fintech is another story.</p>\n<p>In 2017, JP Morgan Chase’s CEO, Jamie Dimon, said that Bitcoin and digital currencies were a “<i>fraud</i>.” At the time, he said that anyone at his bank caught trading Bitcoin or the other novel instruments would be fired on the spot.</p>\n<p>Warren Buffet, the much-followed value investor and CEO of Berkshire Hathaway (NYSE:BRKa), called Bitcoin financial “<i>rat poison squared</i>.”</p>\n<p>Four years later, Jamie Dimon is singing a different tune as JP Morgan Chase (NYSE:JPM) is opening a fund for its high net worth customers to invest in cryptocurrencies. Meanwhile, Mr. Buffet appears to be sticking to his guns. This month, his partner, Charlie Munger, doubled down by saying that digital currencies are “<i>disgusting and contrary to the interests of civilization</i>.”</p>\n<p>There are now futures contracts on Bitcoin<i>and</i>Ethereumtrading on CME. On May 3, the CME rolled out amicro Bitcoin contractwith lower initial margin requirements to increase the addressable market for trading.</p>\n<p>Coinbase’s (NASDAQ:COIN) listing on NASDAQ made the platform for over-the-counter digital currency trading, investing, and services, a publicly traded exchange worth nearly $48 billion at $258.37 per share at the end of last week. Meanwhile, the CME and Intercontinental Exchange (ICE), two leading traditional exchange platforms, had market caps of $77.92 billion and $63.74 billion, respectively. It took the CME and ICE around two decades to reach these market caps; COIN did it in one month.</p>\n<p>On Apr. 14, COIN’s market cap reached an incredible $100 billion on the first day of trading.</p>\n<p><b>Regulators need to answer one key question</b></p>\n<p>No one is arguing that cryptocurrencies are not a unique asset class. The demand for Bitcoin, Ethereum, and the other over 9,820 coins and growing is rising. The market cap was over the $2.29 trillion level last week as it recently rose above the world’s leading company, Apple.</p>\n<p>Regulators need to define this asset class before they can regulate it effectively. One of the global regulatory environment's critical issues is that the philosophy that underlies cryptocurrencies is a libertarian rejection of government involvement in money.</p>\n<p>This ideology could be a challenging hump to overcome. Once past that issue, custody and security are issues.</p>\n<p>On the face of it, the recent hack of the Colonial pipeline that brings gasoline to the US East Coast may have nothing to do with cryptocurrencies. Still, it raises the issue of computer hackers’ ability to crack into energy flows critical to a country’s national security.</p>\n<p>Custody and security for computer wallets holding trillions in value is a substantial, and in some ways similar issue facing regulators, who see their job as “<i>protecting the public</i>.” Moreover, it may not be in a government’s best interest to give up control of the money supply as the use of cryptos in the global financial system grows.</p>\n<p>After all, controlling short-term interest rates, influencing rates further out along the yield curve, and the ability to expand or contract the amount of currency in the financial system are critical monetary and fiscal policy tools. Indeed, regulators have their hands full defining the cryptocurrency asset class as it does not fit easily into any existing regulatory verticals.</p>\n<p><b>Blockchain is changing past business notions</b></p>\n<p>Blockchain is a complex core component of the digital currency asset class. However, it is a basic and straightforward notion that also drives Fintech. A blockchain is a list of transactions that anyone can view and verify. It is transactional history.</p>\n<p>The Bitcoin blockchain contains a record of every time a party sent or received Bitcoin. Almost all cryptocurrencies are secured via blockchain networks, but blockchain has applications far beyond the cryptos.</p>\n<p>Payments via blockchain are more secure than standard debit or credit card transactions. Moreover, accuracy is constantly verified by a massive level of computing power, increasing the speed and efficiency of the payment system.</p>\n<p>The blockchain also eliminates the need for third-party processors. Sensitive information is omitted, providing a level of identity protection. While no system is foolproof, blockchain technology is the core concept of Fintech and improves the antiquated way of doing business.</p>\n<p><b>US SEC likely to take a leadership role, but that might not be sufficient</b></p>\n<p>Gary Gensler is now the Biden Administration's Securities and Exchange Commission (SEC) Chairman, and he is no stranger to Fintech. Under his stewardship at the Commodity Futures Trading Commission (CFTC) during the Obama administration, Gensler vetted Bitcoin futures that appeared on the CME in late 2017. During his hiatus from the regulatory community, he was professor Gensler at MIT, teaching a Fintech course.</p>\n<p>At the SEC, he is not in the hot seat for creating a regulatory protocol for cryptocurrencies. As the interest in the sector expands, more companies now accept cryptos as payments. And Coinbase is now a publicly traded exchange.</p>\n<p>The SEC is currently vetting applications for cryptocurrency ETF and ETN products. Once approved, they would likely exponentially increase the addressable market for trading and investing.</p>\n<p>The Fed Chairman, Jerome Powell's answer to a question about a digitaldollarwill probably also define the SEC’s approach under Chairman Gensler. In late April, Powell said it is important not to rush but rather to get it “<i>right</i>.”</p>\n<p>The process for ETFs and ETNs is likely to move at a snail’s pace at the SEC as they attempt to define precisely in what financial vertical cryptos belong. They have characteristics of commodities and currencies but are different as well. We could see the SEC pass the ball with a recommendation to create a Fintech regulator independent from the CFTC and SEC.</p>\n<p>While the US is a leader in the global economy, cryptocurrencies transcend borders. Any regulatory effort would be incomplete if it did not have cross-border coordination and cooperation. Though the US, EU, UK, and Japan would likely cooperate on the regulation of digital currencies, China, Russia, and other countries could pose more than a challenge.</p>\n<p>A global regulatory approach would be like herding cats with conflicting interests from vastly different political and economic systems. The potential for global harmony is a pipedream.</p>\n<p><b>The wild ride is likely to continue; Governments and regulators hold the key to cooling the volatility</b></p>\n<p>If Charlie Munger has his way, governments will outlaw the cryptocurrency asset class. While US Treasury Secretary Janet Yellen and European Central Bank President Christine Lagarde consistently cite the nefarious aspects of the asset class, their true motivation is likely to retain power through control of the money supply.</p>\n<p>Government officials favor the status quo, declining to shift towards a global currency market that transcends their influence and strips power from policymakers. Nonetheless, China is proceeding in rolling out adigital yuan. The US and EU are likely to follow, albeit slowly.</p>\n<p>Meanwhile, governments and regulators hold the key to cooling volatility. The highest the digital currency market cap grows, the greater the pressure to regulate will become.</p>\n<p>However, any event that undermines the asset class over the coming weeks or months would give regulators more time. In 2014, the Mount Gox hack slowed down Bitcoin's growth for a few years. Last week’s Colonial pipeline hack in the US is a warning to those holding substantial wealth in computer wallets that they are not secure.</p>\n<p>I see three significant aspects to the Fintech revolution and the rise of cryptocurrencies:</p>\n<ol>\n <li>Blockchain is already widely accepted as financial evolution rather than a revolution.</li>\n <li>The growing number of companies and services accepting the tokens only adds to the market’s growth and supports the use of cryptos as a means of exchange.</li>\n <li>Perhaps most significantly, given the parabolic price moves, there's the speculative element.</li>\n</ol>\n<p>Human nature drives us to markets that offer fantastic returns and “<i>easy money</i>” whether that seems believable or not. Over my lifetime, few markets have moved to levels where a one-dollar investment could be worth over $1 million in the space of eleven years.</p>\n<p>The potential of those types of returns and a market with over 9,800 tokens will continue to fuel a speculative frenzy until the asset class is defined, regulated, and controlled—if that is possible. While cryptocurrencies face more than a few issues, the ideology and philosophy that rejects government control could be a wall too high to scale.</p>\n<p>Are cryptocurrencies a bubble or a new currency frontier? They may be a bit of both wrapped in an enigma that questions economic and political conventions.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174511572","content_text":"This article was written exclusively for Investing.com.\n\nAre cryptos currencies, commodities, or something else?\nRegulators need to answer one key question\nBlockchain is changing past business notions\nUS SEC likely to take a leadership role, but that might not be sufficient\nThe wild ride is likely to continue; Governments and regulators hold the key to cooling the volatility\n\nAs technology stocks exploded to remarkable heights in the 1990s, Fed chief at the time, Alan Greenspan, called the price action “irrational exuberance.” But today, that term seems too mild for the trajectory of the digital currency asset class over the past months and years.\nIn 2010, a Bitcoin token sold for five cents. At the recent high of over $65,500 on Apr. 14, a one-dollar investment back then in the leading cryptocurrency was worth over $1.3 million.\nEthereum Daily\nIn October 2015,Ethereum was at around 55 cents per coin. A $100 investment at that time was worth over $660,000 at the May 6, $3642.25 peak.\nWhile incredible returns in cryptocurrencies are more than bubblicious, the asset class’s market cap at the $2.4 trillion level was only slightly higher than the leading publicly traded company, Apple (NASDAQ:AAPL). As of the end of last week, APPL’s valuation was at the $2.085 trillion level. For an entire asset class, a market cap of $2.29 trillion may not signal bubble territory, according to many of the market’s devotees.\nDigital currencies are a libertarian response to government control of the money supply. Many see these tokens as the offspring of our technological era, since cryptocurrencies reflect a shift towards Fintech.\nWhen it comes to “irrational exuberance,” the rise in their value has created an environment of greed where market participants are investing in tokens and hoping for Bitcoin-like returns. The latest digital currency success story has beenDogecoin, whichbeganas a joke.\nDogecoin Daily\nAfter trading at a fraction of a cent in late 2020, the price, at the end of last week, was over the 54 cent level. The digital token's market cap was over $70 billion, making Dogecoin the fourth leading crypto, which is far from a joke.\nEach day, the cryptocurrency asset class is reaching new levels of acceptance. Regulators in the US and Europe will need to decide if the asset class is a commodity, a currency, or something else. Meanwhile, time will tell if the price appreciation is a bubble or a new frontier that will change the way money flows worldwide.\nAre cryptos currencies, commodities, or something else?\nIn 2017, when the CFTC decided to allow the Chicago Mercantile Exchange (CME) and other exchanges to listBitcoin futures, it took the position that the cryptocurrencies were commodities. It is challenging to pigeonhole the burgeoning asset class as they have idiosyncratic characteristics similar to commodities, given their penchant for price volatility.\nThey are also exchange instruments with many commonalities with foreign exchange instruments. Cryptos are unique, which makes them hard to fathom for market traditionalists.\nAt the same time, there is broad agreement that blockchain technology, the child of Bitcoin, revolutionizes payments and record keeping. The tokens that gave birth to Fintech is another story.\nIn 2017, JP Morgan Chase’s CEO, Jamie Dimon, said that Bitcoin and digital currencies were a “fraud.” At the time, he said that anyone at his bank caught trading Bitcoin or the other novel instruments would be fired on the spot.\nWarren Buffet, the much-followed value investor and CEO of Berkshire Hathaway (NYSE:BRKa), called Bitcoin financial “rat poison squared.”\nFour years later, Jamie Dimon is singing a different tune as JP Morgan Chase (NYSE:JPM) is opening a fund for its high net worth customers to invest in cryptocurrencies. Meanwhile, Mr. Buffet appears to be sticking to his guns. This month, his partner, Charlie Munger, doubled down by saying that digital currencies are “disgusting and contrary to the interests of civilization.”\nThere are now futures contracts on BitcoinandEthereumtrading on CME. On May 3, the CME rolled out amicro Bitcoin contractwith lower initial margin requirements to increase the addressable market for trading.\nCoinbase’s (NASDAQ:COIN) listing on NASDAQ made the platform for over-the-counter digital currency trading, investing, and services, a publicly traded exchange worth nearly $48 billion at $258.37 per share at the end of last week. Meanwhile, the CME and Intercontinental Exchange (ICE), two leading traditional exchange platforms, had market caps of $77.92 billion and $63.74 billion, respectively. It took the CME and ICE around two decades to reach these market caps; COIN did it in one month.\nOn Apr. 14, COIN’s market cap reached an incredible $100 billion on the first day of trading.\nRegulators need to answer one key question\nNo one is arguing that cryptocurrencies are not a unique asset class. The demand for Bitcoin, Ethereum, and the other over 9,820 coins and growing is rising. The market cap was over the $2.29 trillion level last week as it recently rose above the world’s leading company, Apple.\nRegulators need to define this asset class before they can regulate it effectively. One of the global regulatory environment's critical issues is that the philosophy that underlies cryptocurrencies is a libertarian rejection of government involvement in money.\nThis ideology could be a challenging hump to overcome. Once past that issue, custody and security are issues.\nOn the face of it, the recent hack of the Colonial pipeline that brings gasoline to the US East Coast may have nothing to do with cryptocurrencies. Still, it raises the issue of computer hackers’ ability to crack into energy flows critical to a country’s national security.\nCustody and security for computer wallets holding trillions in value is a substantial, and in some ways similar issue facing regulators, who see their job as “protecting the public.” Moreover, it may not be in a government’s best interest to give up control of the money supply as the use of cryptos in the global financial system grows.\nAfter all, controlling short-term interest rates, influencing rates further out along the yield curve, and the ability to expand or contract the amount of currency in the financial system are critical monetary and fiscal policy tools. Indeed, regulators have their hands full defining the cryptocurrency asset class as it does not fit easily into any existing regulatory verticals.\nBlockchain is changing past business notions\nBlockchain is a complex core component of the digital currency asset class. However, it is a basic and straightforward notion that also drives Fintech. A blockchain is a list of transactions that anyone can view and verify. It is transactional history.\nThe Bitcoin blockchain contains a record of every time a party sent or received Bitcoin. Almost all cryptocurrencies are secured via blockchain networks, but blockchain has applications far beyond the cryptos.\nPayments via blockchain are more secure than standard debit or credit card transactions. Moreover, accuracy is constantly verified by a massive level of computing power, increasing the speed and efficiency of the payment system.\nThe blockchain also eliminates the need for third-party processors. Sensitive information is omitted, providing a level of identity protection. While no system is foolproof, blockchain technology is the core concept of Fintech and improves the antiquated way of doing business.\nUS SEC likely to take a leadership role, but that might not be sufficient\nGary Gensler is now the Biden Administration's Securities and Exchange Commission (SEC) Chairman, and he is no stranger to Fintech. Under his stewardship at the Commodity Futures Trading Commission (CFTC) during the Obama administration, Gensler vetted Bitcoin futures that appeared on the CME in late 2017. During his hiatus from the regulatory community, he was professor Gensler at MIT, teaching a Fintech course.\nAt the SEC, he is not in the hot seat for creating a regulatory protocol for cryptocurrencies. As the interest in the sector expands, more companies now accept cryptos as payments. And Coinbase is now a publicly traded exchange.\nThe SEC is currently vetting applications for cryptocurrency ETF and ETN products. Once approved, they would likely exponentially increase the addressable market for trading and investing.\nThe Fed Chairman, Jerome Powell's answer to a question about a digitaldollarwill probably also define the SEC’s approach under Chairman Gensler. In late April, Powell said it is important not to rush but rather to get it “right.”\nThe process for ETFs and ETNs is likely to move at a snail’s pace at the SEC as they attempt to define precisely in what financial vertical cryptos belong. They have characteristics of commodities and currencies but are different as well. We could see the SEC pass the ball with a recommendation to create a Fintech regulator independent from the CFTC and SEC.\nWhile the US is a leader in the global economy, cryptocurrencies transcend borders. Any regulatory effort would be incomplete if it did not have cross-border coordination and cooperation. Though the US, EU, UK, and Japan would likely cooperate on the regulation of digital currencies, China, Russia, and other countries could pose more than a challenge.\nA global regulatory approach would be like herding cats with conflicting interests from vastly different political and economic systems. The potential for global harmony is a pipedream.\nThe wild ride is likely to continue; Governments and regulators hold the key to cooling the volatility\nIf Charlie Munger has his way, governments will outlaw the cryptocurrency asset class. While US Treasury Secretary Janet Yellen and European Central Bank President Christine Lagarde consistently cite the nefarious aspects of the asset class, their true motivation is likely to retain power through control of the money supply.\nGovernment officials favor the status quo, declining to shift towards a global currency market that transcends their influence and strips power from policymakers. Nonetheless, China is proceeding in rolling out adigital yuan. The US and EU are likely to follow, albeit slowly.\nMeanwhile, governments and regulators hold the key to cooling volatility. The highest the digital currency market cap grows, the greater the pressure to regulate will become.\nHowever, any event that undermines the asset class over the coming weeks or months would give regulators more time. In 2014, the Mount Gox hack slowed down Bitcoin's growth for a few years. Last week’s Colonial pipeline hack in the US is a warning to those holding substantial wealth in computer wallets that they are not secure.\nI see three significant aspects to the Fintech revolution and the rise of cryptocurrencies:\n\nBlockchain is already widely accepted as financial evolution rather than a revolution.\nThe growing number of companies and services accepting the tokens only adds to the market’s growth and supports the use of cryptos as a means of exchange.\nPerhaps most significantly, given the parabolic price moves, there's the speculative element.\n\nHuman nature drives us to markets that offer fantastic returns and “easy money” whether that seems believable or not. Over my lifetime, few markets have moved to levels where a one-dollar investment could be worth over $1 million in the space of eleven years.\nThe potential of those types of returns and a market with over 9,800 tokens will continue to fuel a speculative frenzy until the asset class is defined, regulated, and controlled—if that is possible. While cryptocurrencies face more than a few issues, the ideology and philosophy that rejects government control could be a wall too high to scale.\nAre cryptocurrencies a bubble or a new currency frontier? They may be a bit of both wrapped in an enigma that questions economic and political conventions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192259495,"gmtCreate":1621212681017,"gmtModify":1631890938008,"author":{"id":"3582017708065945","authorId":"3582017708065945","name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582017708065945","authorIdStr":"3582017708065945"},"themes":[],"htmlText":"Share","listText":"Share","text":"Share","images":[{"img":"https://static.tigerbbs.com/3e89058703b087c6a1edfe61566694a9","width":"1125","height":"2074"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/192259495","isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":192108823,"gmtCreate":1621155566262,"gmtModify":1631890938015,"author":{"id":"3582017708065945","authorId":"3582017708065945","name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582017708065945","authorIdStr":"3582017708065945"},"themes":[],"htmlText":"Go! To the moon 🚀🚀Like n comments. Will return comemnt ","listText":"Go! To the moon 🚀🚀Like n comments. Will return comemnt ","text":"Go! To the moon 🚀🚀Like n comments. Will return comemnt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/192108823","repostId":"1125097244","repostType":4,"isVote":1,"tweetType":1,"viewCount":510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192101768,"gmtCreate":1621155519254,"gmtModify":1631885081190,"author":{"id":"3582017708065945","authorId":"3582017708065945","name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582017708065945","authorIdStr":"3582017708065945"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>Share","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>Share","text":"$Walt Disney(DIS)$Share","images":[{"img":"https://static.tigerbbs.com/2eacf05008f92fd629fcfe51436321ef","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/192101768","isVote":1,"tweetType":1,"viewCount":540,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":192103720,"gmtCreate":1621155345960,"gmtModify":1631890938017,"author":{"id":"3582017708065945","authorId":"3582017708065945","name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582017708065945","authorIdStr":"3582017708065945"},"themes":[],"htmlText":"Share ","listText":"Share ","text":"Share","images":[{"img":"https://static.tigerbbs.com/a7d9dac1c259f3dd3707efce3abd174b","width":"1125","height":"2179"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/192103720","isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":196289326,"gmtCreate":1621056786965,"gmtModify":1631885081325,"author":{"id":"3582017708065945","authorId":"3582017708065945","name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582017708065945","authorIdStr":"3582017708065945"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>Share ","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>Share ","text":"$Walt Disney(DIS)$Share","images":[{"img":"https://static.tigerbbs.com/2eacf05008f92fd629fcfe51436321ef","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/196289326","isVote":1,"tweetType":1,"viewCount":684,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":198719828,"gmtCreate":1620989902064,"gmtModify":1631890938019,"author":{"id":"3582017708065945","authorId":"3582017708065945","name":"SuperAngel","avatar":"https://static.tigerbbs.com/c5322f133dad8e62201da83844d08e04","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582017708065945","authorIdStr":"3582017708065945"},"themes":[],"htmlText":"Buy buy buy! To the moon🚀🚀🚀","listText":"Buy buy buy! To the moon🚀🚀🚀","text":"Buy buy buy! To the moon🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/198719828","repostId":"2135945620","repostType":4,"isVote":1,"tweetType":1,"viewCount":648,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":false}