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Tesla buys $1.5 bln worth of Bitcoin.

Summary:
The action switches back to crypto's. Historic fiscal expansion underpinning this. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

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The action switches back to crypto's. Historic fiscal expansion underpinning this.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/



Download my podcasts! New one every week. https://www.buzzsprout.com/1105286



Mike Norman Twitter

https://twitter.com/mikenorman
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

16 comments

  1. Pslv, Slv, AG , SILV, Gold , GLD , did I say AG? AG ,. Closed at 17.19 , figure out the riddle

  2. Mike, lots of new people are wanting to jump into the market this month. I mentioned wait but they dove in head 1st today; I'm afraid that there is some FOMO in the air.

  3. So Elon took your productive money and bought a speculative asset like bitcoin? man everyone must be rich with all this cash to slosh around.

  4. Bitcoin is going up.. I see it going to 100k or 150k by November or December.

  5. When it comes to cryptocurrency mostly Bitcoin at the moment, there are always two sides; as some people will want the price to fall to its lower dip for them to buy cheap, while others will hold and wait till it skyrocket for them to sell off, but I really see all this so pointless if it can't yield great result or grow a very strong portfolio. It's clear now that the halving is not what we all imagined and expected initially but the good thing for me was that I did not put all my faith in it as I so much believe in day trading and was able to grow a very strong portfolio. However this I have been doing since the last bear market with Mr. Matthew Bolton strategy and daily signals which have proven to be very effective, accurate, and profitable. Last month I was able to grow a total of 7BTC having traded with my initial 2BTC with Matthew's daily signals which you would agree is a very good profit. My advice is for everyone to make use of such signals so as to grow a very strong portfolio ahead of halving coming soon, Matthew can be reached via TeIe g*am @Mattboltonfx for inquiries into profitable trading systems

    • Cathy Gladden Cook

      Spot on! trading with Matthew's strategy is nothing new to me on this space. I've been his student since early 2020 and He's been a great mentor to me!

    • Am also a subscriber of his signals and if I were to rate their accuracy, I would say 95%.

    • I've got a lot of experience with trading bitcoins but I still use Mr. Matthew Bolton @Mattboltonfx signals to trade just to be on the safer side.

    • I never doubted trading with Matthew Bolton after seeing his POT (Proof of Trades) I made good profit last year, I hope to make more

    • I live in the Uk and i have never seen anyone as good as Mr Matthew in the crypto world. his signals are the best coupled with his unique strategy.

  6. Just repo BTC out. Wedge over cash.

  7. on Today's show Mike is packing his bags , buying a mining helmet & traveling to Colorado to mine some of that Bitcoins 1000 feet below ground , like all the cool kids are doing nowadays

  8. Eat,Laugh,andStupid

    Hey Mike, with all of this fiscal support, earnings are about to go through the roof…worsening the wealth gap…do you expect a government response with higher capital gains down the road? Do you see us revisiting 2000/Clinton surplus down the road?

  9. All good points.

  10. Could Bitcoin be used for international trade settlements?

  11. Talking to well connected retired banker in Florida. Said too many people have too much money and the solution is trapdoor wealth destruction .System locks up and wealth is destroyed in cascading cross defaults. GameStop and lockouts and limited accounts access was beta test. Gold silver and crypto only escape from the trap with tangibles

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