Crytptocurrency's Big Blow Up

From the Desk of Don Yocham: |
| | | | | | | | | | | Today I want to talk about the FTX fiasco going on in the crytocurrency world and how it could affect the stock market.
The question is: How much contagion does this lead to?
Does it spread to the wider financial markets?
You might not think so, but you have to realize that this kind of situation creates selling.
It creates margin calls and all kinds of issues.
Now other crypto funds are throwing up the gates, meaning they’re not allowing investors to exit.
It’s these types of risks — external to markets — that I have my eye on.
Meanwhile, as markets churn, I’m looking for opportunities in individual stocks.Click Here To Get Today's FREE Pick!To get the exact trigger price, target price and stop loss so you know you're playing it exactly right, you can subscribe to The Daily Pick right now for just $9/mo… 📈 29 winners since August 8th. Why not join us and start putting this market to work for you?📈Take What The Markets Give You. | | | | |
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Today I want to talk about the FTX fiasco going on in the crytocurrency world and how it could affect the stock market. The question is: How much contagion does this lead to? Does it spread to the wider financial markets? You might not think so, but you have to realize that this kind of situation creates selling. It creates margin calls and all kinds of issues. Now other crypto funds are throwing up the gates, meaning they’re not allowing investors to exit. It’s these types of risks — external to markets — that I have my eye on. Meanwhile, as markets churn, I’m looking for opportunities in individual stocks. Click Here To Get Today's FREE Pick! To get the exact trigger price, target price and stop loss so you know you're playing it exactly right, you can subscribe to The Daily Pick right now for just $9/mo… 📈 29 winners since August 8th. Why not join us and start putting this market to work for you?📈 Take What The Markets Give You. |
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