64 min listen
Why MicroStrategy's ‘all-in’ Bitcoin bet is flawed
FromWall Street Unplugged - What's Really Moving These Markets
Why MicroStrategy's ‘all-in’ Bitcoin bet is flawed
FromWall Street Unplugged - What's Really Moving These Markets
ratings:
Length:
40 minutes
Released:
Jun 29, 2022
Format:
Podcast episode
Description
Bitcoin dipped below $20,000 as overleveraged companies are going bust. We start today’s show by discussing the liquidation of crypto hedge fund Three Arrows Capital and its ripple effects… the flaws of MicroStrategy CEO Michael Saylor’s “all-in” Bitcoin strategy… and how the current crypto bear market reminds me of the dot-com crash. Next, we discuss Morgan Stanley’s ridiculous call that Carnival Corp will go to zero… and I explain why I’m bullish on the cruise industry. In fact, my latest recommendation is a Carnival competitor. Finally, I highlight why Intel’s recent price action hints the markets could be near a bottom—and an important lesson from previous bear markets. In this episode: Overleveraged crypto companies are unraveling [1:55] MicroStrategy's “all-in” Bitcoin strategy is flawed [6:30] Could Bitcoin go to $250k next year? [10:50] Why the crypto industry needs regulation [13:50] Big players are stepping up in this crypto bear market [18:14] Why Carnival Corp. won’t go to zero [25:51] Intel’s recent price action is positive for markets [34:05] Don’t make this common bear market mistake [35:40] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/ : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :
Released:
Jun 29, 2022
Format:
Podcast episode
Titles in the series (100)
Episode 9 - What happened to all the bears: TheStreet.com's Director of Research Stephanie Link gives her favorite sectors in 2010. Wall Street Shuffle host Dan Cofall says gold is a long-term buy. He also breaks down the latest Government spending figures. by Wall Street Unplugged - What's Really Moving These Markets