Archive: Crypto Asset Strategies

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Goldman Sachs is on the Bullish Bitcoin Train

By Adam Sharp on March 12, 2021

This week we got a new podcast featuring Mathew McDermott, head of Digital Assets for Goldman Sachs’ Global Markets Division. He discussed booming crypto demand from clients and what’s driving the move. Bitcoin.com provided a nice summary of the conversation. Here are some of my favorite excerpts. “… all of our institutional client discussion is really focused around bitcoin …” “…In terms of institutional demand,…
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JP Morgan released an interesting survey this week. It polled 3,400 institutional investors — representing 1,500 firms — about their views on crypto. Here are some highlights: 11% of respondents work at firms that own or trade crypto. 22% said their companies are likely…
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Bitcoin Is on the Path to Surpass Gold

By Adam Sharp on February 26, 2021

For now, it appears that our decision to take some profits last week may have been wise. Crypto is correcting pretty hard right now — which is perfectly normal and should be expected. I would be very worried if we weren’t seeing sizable corrections. …
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Alert: Taking Profits and Selling

By Adam Sharp on February 19, 2021

Deciding when to take profits in crypto is extremely difficult. Based on past bull markets, we likely still have at least a year to go before things cool off (and probably more based on the unprecedented deficits and money printing today). But I think it would…
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How to Take Profits in a Bullish Crypto Market

By Adam Sharp on February 12, 2021

It’s been a beautiful year for crypto. We had a nice dip in March 2020 which turned out to be an amazing buying opportunity. Now we’re seeing unprecedented growth and adoption. Here are just a few of the major companies to jump on the bitcoin bandwagon…
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Bitcoin Shows Strength After Correction

By Adam Sharp on February 5, 2021

It appears that the crypto correction is over for now, but I’m glad it happened. We did need to slow down a bit after bitcoin shot practically straight up from $20k to $40k, and altcoins soared. Those kinds of moves are unsustainable in the short term. So it’s…
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Dogecoin Blasts Off as WallStreetBets Piles In

By Adam Sharp on January 29, 2021

I’m sure you’re all aware by now of what’s been happening with GameStop shares recently. Shares have shot up from under $4 six months back to a high of around $468 this week. GameStop was driven higher by a very clever campaign orchestrated on online forums…
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Why This Bitcoin Correction is Normal

By Adam Sharp on January 22, 2021

As I write this on Thursday, January 21st at around 3:00PM EST, bitcoin is currently down 8.3% over the last 24 hours to $32.4k. It’s down 17.2% over the last seven days. Altcoins are mixed, but mostly down as well. But none of that is cause for major…
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Nano, Decred Looking Up

By Adam Sharp on January 15, 2021

Long-time members know that I’ve always been wary of more centralized cryptocurrencies such as Ripple.  As you probably know by now, the SEC is going after Ripple in a big way. Here’s a brief summary from legal news site JDSupra,.
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Crypto Monitor: Crypto Market Forecast

By Early Investing on January 8, 2021

Crypto is rolling. Bitcoin cracked the $40,000 mark yesterday. Ethereum is up more than 800% in the last 365 days and nearing its all-time high. And Haven Protocol is up 144% since we first recommended it. So what’s driving the market? Where does the crypto market go next?…
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2020 Turned Into a Great Year for Crypto

By Adam Sharp on December 31, 2020

It’s been an amazing year in crypto! We had a nasty dip in the spring — followed by a roaring comeback once people realized crypto was created for these economic times (massive money printing and even lower interest rates).  Things are truly starting to get interesting…
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Six Crypto Predictions for 2021

By Adam Sharp on December 23, 2020

Today I’m going to try to make some predictions about the crypto markets in 2021. Let’s dust off the crystal ball and get started. Here’s what I think will happen: Bitcoin will reach at least $50,000 next year. At least five more large publicly-traded…
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Crypto is Rising – And It’s Going to Last

By Adam Sharp on December 18, 2020

Cryptocurrencies moved up dramatically over the last week. From our portfolio bitcoin was up 25%, Decred was up 49%, XHV was up 45% and NANO was up 17%. This is what we’ve been waiting patiently for. Those of you who held…
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Crypto Pullback Provides Buying Opportunities

By Adam Sharp on December 11, 2020

Crypto prices have pulled back from recent highs over the last week. Bitcoin is trading around $18,000. Ethereum is around $548. Smaller altcoins on the whole have pulled back sharply. This is completely normal action during a bull market. A larger pullback wouldn’t surprise me either.
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Don’t Be Fooled by Crypto Hype

By Adam Sharp on December 4, 2020

Lately I’ve been extremely bullish on crypto. And for good reason. But I want to take a step back today.  I want to make sure we don’t get too far ahead of ourselves. It will take time for these big institutional firms to fully move into…
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Crypto Monitor: Bitcoin Bull Run Charges Ahead

By Early Investing on November 20, 2020

It is an exciting time to be in the crypto markets! Bitcoin cracked the $18,000 mark this week and looks poised to continue its bull run. And select altcoins are surging alongside bitcoin. So how high will bitcoin surge? How long will this crypto bull market last? When…