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Recent Posts
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Politics & Religion / Re: Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold
« Last post by Crafty_Dog on Today at 06:08:36 AM »BTC’s big new HODLer is … Wisconsin?!
After a week of lower volatility, crypto prices spiked on Wednesday as new U.S. consumer price index (CPI) figures showed inflation easing slightly. One key index, “core inflation,” which removes food and energy costs, hit its lowest rate since April 2021.
As markets of all kinds got a boost, BTC climbed toward $65,000 and ETH approached $3,000.
Meanwhile, the BTC ETF category saw weekly inflows return for the first time in a month and futures markets continue to suggest a bullish path for BTC, with many traders betting on a new all-time high north of $75,000 by the end of June.
Here are three more crypto stories to know this week.
1. Wisconsin reveals $160 million crypto portfolio
The spot BTC ETFs that began trading in January were created in part to make crypto a more viable option for big-money institutional investors like pension funds.
According to a new SEC filing, that promise is already coming true. The State of Wisconsin Investment Board — which manages state-employee retirement funds among other assets — disclosed that as of the end of March, it held around $160 million in spot BTC ETFs (split between BlackRock’s and Grayscale’s funds).
Those weren’t the board’s only crypto-related investments. According to the Block, “shares of other cryptocurrency firms such as Coinbase, Marathon Digital, Riot Platforms, Block, Cipher Mining, Cleanspark and MicroStrategy were also in the Board's portfolio.”
Follow the leader... According to Bloomberg ETF analyst Eric Balchunas, other big institutional investors are likely to follow in Wisconsin’s footsteps. “Normally you don't get these big fish institutions … for a year or so (when the ETF gets more liquidity),” he noted, “but as we've seen these are no ordinary launches. Good sign, expect more, as institutions tend to move in herds.”
After a week of lower volatility, crypto prices spiked on Wednesday as new U.S. consumer price index (CPI) figures showed inflation easing slightly. One key index, “core inflation,” which removes food and energy costs, hit its lowest rate since April 2021.
As markets of all kinds got a boost, BTC climbed toward $65,000 and ETH approached $3,000.
Meanwhile, the BTC ETF category saw weekly inflows return for the first time in a month and futures markets continue to suggest a bullish path for BTC, with many traders betting on a new all-time high north of $75,000 by the end of June.
Here are three more crypto stories to know this week.
1. Wisconsin reveals $160 million crypto portfolio
The spot BTC ETFs that began trading in January were created in part to make crypto a more viable option for big-money institutional investors like pension funds.
According to a new SEC filing, that promise is already coming true. The State of Wisconsin Investment Board — which manages state-employee retirement funds among other assets — disclosed that as of the end of March, it held around $160 million in spot BTC ETFs (split between BlackRock’s and Grayscale’s funds).
Those weren’t the board’s only crypto-related investments. According to the Block, “shares of other cryptocurrency firms such as Coinbase, Marathon Digital, Riot Platforms, Block, Cipher Mining, Cleanspark and MicroStrategy were also in the Board's portfolio.”
Follow the leader... According to Bloomberg ETF analyst Eric Balchunas, other big institutional investors are likely to follow in Wisconsin’s footsteps. “Normally you don't get these big fish institutions … for a year or so (when the ETF gets more liquidity),” he noted, “but as we've seen these are no ordinary launches. Good sign, expect more, as institutions tend to move in herds.”
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Politics & Religion / Re: Media, Ministry of Truth Issues, "Far Right"
« Last post by DougMacG on Today at 05:52:02 AM »There is no 'right', only "Far Right".
"Far-right Geert Wilders announces new Dutch government deal"
https://www.politico.eu/article/geert-wilders-new-netherlands-government-far-right/
"Anti-Islam firebrand Geert Wilders and three other party leaders have agreed on a coalition deal that veers the Netherlands toward the hard right."
https://apnews.com/hub/geert-wilders#
"Dutch far right-led government set for clashes with Brussels"
https://www.ft.com/content/45d0221f-5664-4f73-b0a6-dcb177ff4944
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Only on fora like these was the election of Obama or Biden called a Sharp Turn to the Far Left. To our media, the hard Left, children changing genders and industries taken over by government, is just a return to normal.
And to me, what they call Far Right is just a return to common sense. Netherlands is a place where you might find Dutch people and public sidewalks are a place you might walk down.
"Far-right Geert Wilders announces new Dutch government deal"
https://www.politico.eu/article/geert-wilders-new-netherlands-government-far-right/
"Anti-Islam firebrand Geert Wilders and three other party leaders have agreed on a coalition deal that veers the Netherlands toward the hard right."
https://apnews.com/hub/geert-wilders#
"Dutch far right-led government set for clashes with Brussels"
https://www.ft.com/content/45d0221f-5664-4f73-b0a6-dcb177ff4944
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Only on fora like these was the election of Obama or Biden called a Sharp Turn to the Far Left. To our media, the hard Left, children changing genders and industries taken over by government, is just a return to normal.
And to me, what they call Far Right is just a return to common sense. Netherlands is a place where you might find Dutch people and public sidewalks are a place you might walk down.
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Politics & Religion / Re: Paul DeSisto
« Last post by DougMacG on Today at 05:33:57 AM »Inflation down: "things are (not) getting better, just that they are getting worse more slowly."
Savings rate: Worst in 17 years.
Stocks: "there will be a correction." Could be a "significant correction"
Consumer sentiment: 6 month low. (going in the wrong direction).
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(Doug) Can't even be optimistic about a change election. Polls show Trump winning, but we know to be skeptical. Polls also show Republicans underperforming in Senate races and a strong likelihood they lose the House. Divided government means largely status quo, not change.
World is in disarray.
Investments should be in defense mode.
Savings rate: Worst in 17 years.
Stocks: "there will be a correction." Could be a "significant correction"
Consumer sentiment: 6 month low. (going in the wrong direction).
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(Doug) Can't even be optimistic about a change election. Polls show Trump winning, but we know to be skeptical. Polls also show Republicans underperforming in Senate races and a strong likelihood they lose the House. Divided government means largely status quo, not change.
World is in disarray.
Investments should be in defense mode.
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Science, Culture, & Humanities / Re: Intelligence and Psychology, Artificial Intelligence
« Last post by Crafty_Dog on Today at 04:00:24 AM »Well the latent wit in some of the Subject headings may confuse e.g. The Cognitive Dissonance of His Glibness for Baraq Obama 
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Science, Culture, & Humanities / And subject to the jurisdiction thereof
« Last post by Crafty_Dog on Today at 03:57:46 AM »8
Politics & Religion / The Second American Civil War, Ray Dahlia
« Last post by DougMacG on May 18, 2024, 09:32:23 PM »9
Politics & Religion / North Carolina Senate approves bill making it a crime to wear a mask in public
« Last post by Crafty_Dog on May 18, 2024, 12:42:30 PM »10