Crypto Quarterly 2Q 2023

On balance, the news regarding cryptocurrency is still fairly skewed to the negative. But crypto remains alive, although widely a mystery to most of the population (including yours truly). Reporting on crypto is thus difficult – but even a small amount of information can be worthwhile.

One of the key events of the tragic crypto downturn remains the November 2022 fall of FTX and arrest of its founder. Interest rate increases also gradually revealed weaknesses in various cryptocurrency exchanges and functionality.

Continue reading “Crypto Quarterly 2Q 2023”

Crypto Quarterly – 1Q 2023

It turns out that summarizing the current status of cryptocurrency following the past several months is much more complicated than it looks. If one event were highlighted, it would be the November 2022 fall of FTX and arrest of its founder who was “popularly” referred to by his three initials, SBF.

As early as February 2022 during the “Crypto Bowl”, or Superbowl LVI, there were clues of cryptocurrency irrational exuberance. Since then, major cracks have revealed themselves in the crypto industry and beyond.

Continue reading “Crypto Quarterly – 1Q 2023”

Crypto Quarterly 1Q ’23 – Stay Tuned

TGIF 2 Minutes – Crypto Quarterly for 1st Quarter 2023 will take a bit longer than previous editions. For perspective, consider several details from the December 2022 edition which concluded that cryptocurrency is not dead but on serious life support:

Continue reading “Crypto Quarterly 1Q ’23 – Stay Tuned”

Stay Tuned for Year-End Commentary

As Christmas and Year-End 2022 approach there is a long list of topics to consider, including:

  • How to quantify the first truly down year for the markets since 2009
  • What inflation and higher interest rates mean going forward in 2023
  • How to approach higher taxes for those still working and those receiving Social Security
  • The timeless investing paradigms that have not changed
  • How much to diversify a portfolio while still paying attention to risk and liquidity
  • How to approach Long-Term Care decisions, both present and future
  • Changes made to gifting limits for 2023 (limits increased)
  • Changes made to IRA and 401k contribution limits in 2023 (limits increased)
  • What is next for cryptocurrency trading and valuation
  • What to serve for the Holiday meal (perhaps the most urgent item on the list).

What topics might be on your mind? Stay tuned for a Year-End commentary!

Thank you for reading, enjoy last minute shopping and TGIF!

TGIF 2 Minutes – Crypto Quarterly, vol. 4

Crypto is, of course, not dead. But the world of cryptocurrency could be considered seriously injured. Here are a few stats from 2022:

  • Bitcoin, on fire in 2021, has seen its price drop over 75% from its record high. Since only May 2022, Bitcoin’s value is down by half.
  • Coinbase, the first publicly listed and largest US cryptocurrency exchange, has seen its stock drop 80% from the time of its listing.

Continue reading “TGIF 2 Minutes – Crypto Quarterly, vol. 4”

Crypto Quarterly – Vol. 3, Oct 2022

In this issue of TGIF 2 Minutes – Crypto Quarterly, a less rosy update with the bright spot being that fees to trade crypto have gone to “free” in some cases. Binance, a world leader in Bitcoin trading volume, introduced zero-fee trading back in June. (Note that as recently as July 2022, the “CEO” of Binance still says there is no headquarters for the company, as it is “decentralized”.)

Value-wise, in a year that has been unkind to stocks AND bonds, Crypto stands out as an even bigger loser relative to traditional asset classes – by over double in a number of cases. Take for example the price of Bitcoin which started the year at approximately $46,310 as measured in US Dollars. Most recent prices of Bitcoin are around $20,098, or down over 55%. Coinbase, not a cryptocurrency but a crypto trading marketplace (among other technology functions), went public in April 2021 and is down around 78% since then. Compare these crypto-related price declines to the painful year-to-date performance of -21% in the S&P 500, -29% in the Nasdaq and -21.5% in the Russell 2000 which tracks small company stocks.

Continue reading “Crypto Quarterly – Vol. 3, Oct 2022”

Reviewing Crypto Quarterly – Vol. 2

Today’s edition is a review of Crypto from early April 2022. TGIF 2 Minutes will return with new content in early July! Read on for:

  • A high-level update & follow-up on cryptocurrencies
  • Brief comments on Inflation & 1st quarter 2022

Crypto Update

Continuing with the whirlwind of interest generated by “To Crypto Or Not To Crypto” and “Crypto Superbowl” there is more to say including highlighting the recent 36% decline in Bitcoin since November 2021. There is broad evidence that high-profile, fiduciary financial advisers are hesitant – for good reason – to include cryptocurrency across the board in client portfolios. At the same time, a good number of high-profile, responsible, fiduciary financial advisers are including cryptocurrency in some – emphasis, “some” – client portfolios, depending on the client’s goals and risk tolerance.**

Continue reading “Reviewing Crypto Quarterly – Vol. 2”

Crypto Quarterly (& More) – vol. 2

Today’s TGIF 2 Minutes features:

  • A high-level update & follow-up on cryptocurrencies
  • Brief comments on Inflation & 1st quarter 2022

Crypto Update

Continuing with the whirlwind of interest generated by “To Crypto Or Not To Crypto” and “Crypto Superbowl” there is more to say including highlighting the recent 36% decline in Bitcoin since November 2021. There is broad evidence that high-profile, fiduciary financial advisers are hesitant – for good reason – to include cryptocurrency across the board in client portfolios. At the same time, a good number of high-profile, responsible, fiduciary financial advisers are including cryptocurrency in some – emphasis, “some” – client portfolios, depending on the client’s goals and risk tolerance.**

Continue reading “Crypto Quarterly (& More) – vol. 2”

Crypto Superbowl

Well, well… if the citizens of planet Earth had not heard of “crypto” and “Coinbase” yet, they got a sensory overload of these terms and concepts when they tuned in to Superbowl LVI on Sunday night. And to further confuse the crypto uninitiated, the lines seemed almost blurred between electric vehicles, crypto, outer space, and beer (beer being easiest to understand).

Dubbed the “Crypto-Bowl” prior to kickoff, all sorts of researched news sources predicted the onslaught of cryptocurrency-related Superbowl commercials. Paul Vigna* of The Wall Street Journal summarized that ads of three crypto-related companies would be prominent. All three companies are exchanges upon which cryptocurrencies can trade:

  • Coinbase
  • FTX
  • Crypto.com
Experienced cryptocurrency traders and investors will say the concept and currency are beyond infancy and now in hyper-growth, thus leading to massive skepticism amidst adoption by risk tolerant investors.

Continue reading “Crypto Superbowl”

Crypto Quarterly – Vol. 1, Jan 2022

With the whirlwind of interest generated by December’s edition of TGIF 2 Minutes covering “To Crypto Or Not To Crypto”, demand exists for at least a quarterly dedicated to the topic of cryptocurrency. For those who are already crypto experts, this volume of “Crypto Quarterly” may be elementary but a great number of experienced investors admitted limited knowledge and appreciated the information.

Continue reading “Crypto Quarterly – Vol. 1, Jan 2022”