Bitcoin and Alt-coins are leaving a stage one base-building chart pattern and entering their stage two rising price stage. Link here to Investopedia for a discussion of Stage Analysis. Blockchain application companies are lagging slightly but also attracting money in-flows. See Mark Yusko’s comment on the generational shift of inheritance into Crypto instead of Gold or paper currencies, for “The biggest transfer of wealth in human history. IMHO, you want exposure to crypto and blockchain companies.

Example of Stage Analysis:

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Two things are happening that we would like to address today.

• The first is the loss of purchasing power of the US dollar. The United States, by “real” math, cannot repay our national debt. Our government is depreciating the purchasing power of the US$ to attempt to repay the debt with cheaper dollars. This shows up as letting inflation run hot . By this we mean, the “actual” inflation rate, not government numbers, will be higher than interest rates by design. Inflation will not go away because the government does not want it to go away. Watch what they do, not what they say.
• Second item we want to address is – other countries see this and want to move away from holding or transacting business in US dollars. Hence the movement to buy gold at central banks and oil no longer being bought and sold only in US dollars. There are other factors involved here. One is locking other countries out of the international SWIFT banking system. We have use this as a weapon too many times and countries are tired of it. The second is confiscating gold, investments and assets held on deposit in the USA or allied countries as punishment.

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• WonderFi – Coinsquare and CoinSmart Combine in Three-way Merger.

April 3, 2023 – Cryptocurrency-related firms WonderFi Technologies (WONDF), Coinsquare and CoinSmart Financial (CONMF) all have merged their respective businesses to provide Canadian users various crypto-focused solutions, the companies said Monday. Continue reading →

Citigroup Predicts 80X Explosion in Tokenization, Forecasts Timeline for Mass Adoption of Digital Assets

The Daily Hodl – Alex Richardson, April 3, 2023

A new report, linked here, titled “Money, Tokens, and Games: Blockchain’s Next Billion Users and Trillions in Value,” Citi analysts say Citi predicts growth of digital assets will expand 80X by 2030.

“we believe we are approaching an inflection point, where the promised potential of blockchain will be realized and be measured in billions of users and trillions of dollars in value. Successful adoption will be when blockchain has a billion-plus users who do not even realize they are using the technology. This is likely to be driven by the adoption of central bank digital currencies (CBDCs) by large central banks as well as tokenized assets in gaming and blockchain-based payments on social Continue reading →

Grayscale Ethereum Trust (ETHE) $8.

One-year Chart.

ETHE has a number of recent closes above its 150-day moving average (MA). The 50-day moving average is still below the 150-day MA. We suggest we’ll see the 50-day do a Golden Cross above the 150-day MA in the coming weeks. Continue reading →

JPMorgan upgrades Vermilion Energy on valuation

Vermilion Energy (VET) – JPMorgan upgraded the stock on valuation.

The agency upgraded the rating on the oil and gas exploration and production company to Overweight from Neutral. Morgans price Continue reading →

Headline News:

Takeaways from America’s second-largest bank failure – CNN Saturday March 11, 2023

While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with $209 billion in total assets at the end of last year, according to the FDIC.

The Second-Biggest Bank Failure – New York Times, By Karl Russell and Christine Zhang March 10, 2023

Silicon Valley Bank on Friday became the biggest American bank to fail since the collapse of Washington Mutual in 2008, at the height of the global financial crisis. The implosion of Washington Mutual, as well as the investment banks Lehman Brothers and Bear Stearns, was followed by a systemwide failure. From 2008 to 2015, more than 500 federally insured banks failed. Continue reading →