It’s Monday and that means it’s time to discuss momentum with Ivanhoff. I have included the link and the embed to the show at the end of the post. Ivan and I walk through the markets and I catch up on the financials which are of interest to me and a few new ideas from our Marketwisdom filters.
Now you can’t talk about momentum without talking Bitcoin.
Today the total Bitcoin capitalization is north of $70 billion which is greater than the market caps of 85 percent of the companies in the S&P.
You need more context?
Bitcoin is bigger than Blackrock which has $11 billion in sales!
As fast as Bitcoin has grown, Bitcoin has not hurt financial stocks.
I continue to hold Visa (new all-time highs again today), Schwab, Goldman Sachs and Paypal. I own Apple which is also a bank. A few weeks ago on Momentum Monday, I added Chinese welath management company $NOAH. I own Ethereum and I am back owning Bitcoin again through a sale of Civic tokens last week. In fact, the best trade of the year may be that Coinbase has locked me out and the Bitcoins I wanted to sell at $3,500 are now $4,300.
This is one of the greatest moments in fintech.
I’ve mentioned it before, but it is really important to look beyond the US to understand fintech.
One favorite email I read is from Fintech Collective. It is worth a subscribe. They cover trends from Africa Europe and China as well.
Originally published at Howard Lindzon.