What a lovely, lovely day. Markets are somewhat tepid, but bitcoins are exploding with joy all over the market. As I write this, BTC is +666 or 6.66% for the session, a rather evil and devilish move if I don’t say so myself. For those of you, like me, who do not want to open a fucking crypto wallet, there are manners by which you could profit from this craze. Because whether you believe in it or not, it’s happening. Right? So, as the popularity increases, companies who profit from the proliferation are a most interesting endeavor.
I am talking about GCAP, of course. This is a real company, doing $80-$100 million per quarter in revenues — trading services. They are going to start offering their services in cryptos. Any fucking idea how big that could be?
Other crypto related equities moving higher include: MARA, DPW, XNET, RIOT, PRELF, GROW and SRAX.
Shares of OSTK continue lower, however.
Busy day for yours truly. I will be executing my quant trades soon, which once again beat the SPY — coming in at +1.98% for the week.
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