AI, electric vehicles and bitcoin mining will all need electricity
Source: Bloomberg
Why you need to invest, in one chart...
Over the last 30 years, the purchasing power of the US consumer dollar has been cut in half due to inflation. At the same time, the sp500 has gained 840% (7.8% per year) after adjusting for inflation... Source: Charlie Bilello
Wealth Needed to Join the Top 1%, by Country
https://lnkd.in/ggijSHbK Source: Visual Capitalist
There it is: dumping of Bitcoin futures to push prices lower and at the same time record buying via bitcoin ETFs at an artificially lower price....
Every day, rinse repeat. Blackrock's ETF just bought the most bitcoin in one day on record. Source: www.zerohedge.com
JUST IN: Bitcoin ETFs are 58% of the way to flipping Gold ETFs for total assets.
$58.7b for $BTC $98b for Gold That's just after just 8 weeks... At this rate, Bitcoin will flip Gold ETFs in a few month! Source: Bitcoin Archive
One billion dollar baby..
Spot BTC ETFs had their first $1+ billion inflow day. Source: Jim Bianco, Bianco Research
Apollo just doubled down on their view that we are in a bigger bubble than the 2000 Dot-com bubble.
3 weeks ago, they said the current bubble is "bigger than the 1990s tech bubble." They note that the Forward P/E ratio for the top 10 tech stocks right now is ~40x. Compared to 2000, at the peak of the Dot-com bubble, the Forward P/E on the top 10 tech stocks was ~26x. Now, Apollo says that ~30% of stocks have a P/E ratio of 30x or more. Overall, Apollo says that P/E ratios now are much higher than they were in 2000. What's next for AI hype? Source: The Kobeissi Letter
Food for Thoughts
Source: RAYDALIO
