My market cap target for bitcoin is $2 Trillion, or $100,000 per bitcoin ever to be mined. This target is predicated on bitcoin growing its market share of store of value from 2% today to 17% by 2024 (assuming gold holds its current market cap of $12.5 trillion).
This will be the iconic image of this moment in time, capturing the juxtaposition of the rocking stock market and the coming recession/depression: Even with the significant market drop, we are still at historically high valuations per The Buffet Index, Warren Buffet’s favorite macro view of market valuation. The Buffet Index is simply total market […]
Cannabis investor and expert Jeffrey Finkle shares some insight on how businesses will change as a result of COVID-19 and examines if this will be the seminal moment for the cannabis industry.
I grew up believing in American exceptionalism. That the U.S. was better than other nations. That’s what I was taught. When I looked around, that’s what I saw. But among many other lessons, Trump has taught me that the U.S. is a banana republic, just like most other/every other nation in the world. And that actually makes […]
“You never want a serious crisis to go to waste. And what I mean by that is it’s an opportunity to do things that you think you could not before.” – Rahm Emanuel, as quoted by a reporter for the Wall Street Journal in November 2008. With the above words, the incoming Chief of Staff of the Obama […]
The term Black Swan was coined by Nassim Nicholas Taleb, a finance professor, and former Wall Street quant trader, and was popularized after the meltdown that resulting after the Financial crisis of 2008. Per Investopedia, the definition of a black swan event is: A black swan is an unpredictable event that is beyond what is normally expected […]
Does automation mean the death of creativity in agency jobs? It may just be the exact opposite and here’s why.
TL;DR Summary — I’ll cut to the chase. I believe in karma. And if I’m right, and karma’s a thing, then Mark Zuckerberg risks going down in infamy like other billionaires who built (bad) things that worked till they didn’t. The latest example, the Sackler family, who turned the “opioid crisis” into a household phrase. Once again […]
The Rising Power of Silicon Valley: Is The Fate of Human Kind in The Valley’s Hands?
It’s that time of year again! Annual tech, startup and funding predictions for the coming year. However, before we look ahead, let’s first take a look back at the 2019 predictions. I must say that unlike a few other years I seem to have nailed the 2019 picks, but have a look and let me know […]
I am a capitalist and in the words of Gordon Gekko “Greed is Good”. I believe in the continuity of self-interest, the invisible hand, and greed to drive the markets. However, the manner in which “high-growth” companies are looking to get to their public offerings is a systemic problem. Here has been the formula for […]