- The Hoot
- Posts
- The Hoot #47
Scatt's Seeds for Thought:
🌱 MicroStrategy is up $1.2 Billion on Bitcoin 🔥
🌱 BlackRock: Ethereum ETF 🚨
🌱 RobinHood Launches Crypto UK 🇬🇧
🌱 Top 10 Investing Mistakes ❌
Meme of The Week
Year-to-date Market Performance:
S&P 500: 15.00%
Dow: 3.43%
Nasdaq Comp: 31.83%
Bitcoin: 123.93%
Ethereum: 71.01%
Scatt Capital’s Fortune Strategy: 35.33% (Since Inception (12/22): 30.98%
Market News:
7-Day Change in Crypto Market Cap:
HONG KONG EYES SPOT CRYPTO ETFS
BERKSHIRE HATHAWAY SITS ON $157BN IN DRY POWDER
DIGITAL ASSET INV. PRODUCTS INFLOW: $261M
BANK OF ENGLAND: STABLECOIN PAYMENT OPTION PROPOSAL
MOODY’S LAUNCHES AI TO PREDICT STABLECOIN DEPEGGING
HSBC LAUNCHES DIGITAL ASSET CUSTODY SERVICE
KEN GRIFFIN WARNS OF US RECESSION & CONSUMER SPENDING
FTX COULD BE REBOOTED UNDER NEW LEADERSHIP
SEC COULD APPROVE BTC ETFS OVER NEXT FEW DAYS
BITCOIN FEES JUMPED 1,000% SINCE AUGUST
AS MUCH AS $500BN IS EXPECTED TO LEAVE CHINA (OFF BOOK)
AUSTRALIA HOUSING CRUNCH LURES PRIVATE CREDIT
COURT APPROVES CELSIUS TRANSITION TO BITCOIN MINER
TREASURY OFFICIAL SAYS NEW CRYPTO CRACKDOWN COMING
THE WEEK AHEAD:
Consumer Price Index for Oct.
Producer Price Index for Oct.
Retail Sales
Industrial Production
Housing Starts & Building Permits
MicroStrategy: $1.2 Billion in Bitcoin 🔥
A true ‘I told you so’ moment.
Michael Saylor’s $4.7bn position in Bitcoin is PAYING THE HELL OFF.
We all see Bitcoin pump in price this week…
Well, that pump resulted in an unrealized gain of $1.2 billion for the company.
I’d love to be on his Christmas list this year 🎄
BlackRock: Ethereum ETF 🚨
First it was Bitcoin. Now, Ethereum.
The tide is turning.
Spot Bitcoin ETFs led the way for a while… now its ETH’s time to shine.
BlackRock registered an Ethereum Trust in Delaware earlier last week.
And then filed for a Spot ETH ETF with Nasdaq.
TALK ABOUT A GREAT BLOODY WEEK.
You’re probably asking what the big deal about an ETF is?
It is THE cornerstone for institutional capital to flow into crypto.
Big money managers & funds will buy into these ETFs rather than buying it over-the-counter.
You can then guess what happens to the price of ETH when BILLIONS starts to flow in.
RobinHood Launches Crypto UK 🇬🇧
Just in time for the English folk to lose money before the holiday season.
RobinHood is one of the most retail-friendly trading apps in the world.
It is used by over 23m people, of which 12m are actively traded (once a month).
Well it’s plan to expand crypto services into the UK market is GREAT.
It ties in well with the Bank of England’s proposal to allow stablecoins as a payment option for goods and services.
Bravo, crumpet munchers.
Top 10 Investing Mistakes ❌
📢 LEARN FROM YOUR MISTAKES 📢
Below are the top 10 investing mistakes worldwide:
Expecting Too Much
No Investment Goals
Not Diversifying
Focusing On The Short Term
Buying High & Selling Low
Trading Too Much
Paying Too Much in Fees
Focusing Too Much On Taxes
Not Reviewing Regularly
Misunderstanding Risks
Keep it simple, and understand what you’re doing.
Don’t become a statistic like the above.
If you like receiving market updates, check us out here on LinkedIn; here on Twitter; or here on Instagram 📊
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.