More crypto rich...
According to a report by Kaiko Research, BTC’s latest rally is creating about 1500 millionaire wallets daily. However, despite the increase in Bitcoin (BTC) millionaire wallets, Kaiko Research notes that the number of millionaire wallets created daily during the 2021 bull run was closer to 4000, more than double the current number. According to Kaiko Research, low millionaire wallets could be due to the lack of new capital. The report notes, ‘In 2021, there was a huge influx in capital as all manner of bull sought to benefit from the crypto hype. This time around, whales could be taking a more cautious approach, waiting to see if the gains have legs before investing.‘ https://lnkd.in/eabkjiHh
US inflation looks sticking, at least decline in the US headline CPI is stalling since Jun 2023.
In Feb, CPI rose by 0.4%MoM, both overall & excluding energy & food. Prices for services in particular increased, reflecting rising wage costs. High inflation rate in Jan was not an outlier. Source: Bloomberg, HolgerZ
What's the difference between a marketplace, an aggregator, and a platform? A lot...
Source: CJ Gustafson
ING Group breakout after 23 years ?
ING Group (INGA NA) broke yesterday February 2022 high ! It is also breaking the 2001 downtrend line ! Keep an eye
Semiconductor stocks have reached their highest valuation compared to the S&P 500, exceeding the levels seen during the dot-com bubble peak.
source : bloomberg
Stock Bubble mentions in the media are at 2-year highs but still well short of the meme-stock mania period in early 2021
source : bloomberg, barchart
% Increase Over Last 10 years...
Nvidia stock price: +19,970% Nvidia net income: +5,860% Nvidia revenue: +1,320% $NVDA Source: Charlie Bilello
London’s Ultra-Rich Can Pay Rent Using Bitcoin Amid Bourgeoning Adoption Levels
According to a report by CityAM, affluent residents in the UK’s capital city are opting for digital currencies to pay landlords, and one real estate company describes the trend as “a step into the future.” Aware of the growing trend, real estate firm Knightsbridge Prime Property confirmed a partnership with virtual currency service provider Bitcashier to facilitate rent payments using the asset class. According to the report, other property firms in the region are shopping for similar deals with cryptocurrency firms to support the needs of their wealthy clientele. KPP confirmed that one ultra-wealthy client opted to settle the rent for a luxury apartment in Herbert Crescent using Bitcoin (BTC), paying 45,000 pounds per week using digital currency. source : zycryto
