#CryptoCorner #Podcast 617: #Stocks discussed: (NasdaqGM: $CAN) (NYSE: $ICE)

 



 

#CryptoCorner #Podcast 617: #Stocks discussed: (NasdaqGM: $CAN) (NYSE: $ICE)

 

Commentary from EXANTE’s Victor Argonov on Possible Summer Bull Market, Canaan Launches Mining in Kazakhstan, and Bakkt Announced Visa Debit Card

 

Point Roberts, WA, Delta BC June 23, 2021 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2021/062321-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/News/2021/crypto-corner/06231CAN-ICE.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqGM:CAN) (NYSE:ICE)

 

Bitcoin’s (BTC) trading price has improved somewhat since yesterday’s Crypto Corner, clocking in at about $34,200 at press time, according to data from CoinMarketCap. On the subject of Bitcoin’s prospects, as well as those of the wider crypto market, Investorideas.com has received commentary from Victor Argonov, Senior Analyst at investment company EXANTE. Argonov said:

 

Unlike the bubbles in 2013 and 2017, the market is now less speculative. A very significant part of its participants have a long-term scope. According to research, in March, approximately 50% of BTC's capitalisation was accounted for by retail investors, the other 50% by institutional investors. Both those and others today are well aware of the long-term positive trend in BTC, which, moreover, has become legal in the United States as an exchange commodity …Considering that for several years BTC has doubled in price per year on average, it makes little sense for long-term investors to dump an asset that has fallen in price: it is easier to wait a year for which it is likely to repeat the April highs. Cryptocurrency no longer seems like a speculative toy that you just need to profitably resell and forget.

 

In addition, if we extrapolate long-term trends from 2014, then the most accurate doubling of rates for the year is observed precisely for the “bottom” levels. In particular, at the end of 2018 it was about $3500, at the end of 2019 - about $7000. Continuing this pattern, BTC is unlikely to be below $28,000 by the end of 2021, making it unwise to sell it at lower prices.

 

Seeing that the bears are unable to bring down the course to $20,000- $25,000, “hunters for cheapness” are increasingly buying BTC at levels of the order of $30,000. Having made such purchases, they become interested in the return of the bull market. And it cannot be ruled out that he will return this summer.

 

Canaan Inc. (NasdaqGM:CAN) has announced that it has launched its own crypto mining business in Kazakhstan with its latest Avalon Miners in operation. The company’s Chairman and CEO, Nangeng Zhang, said:

 

“We believe that our self-operated Bitcoin mining business will help us improve our financial performance as well as expand our business scope and customer base. As we integrate more industry resources into our operations, we believe this business segment will enable us to revitalize our mining machine inventory, shield us from Bitcoin volatility, and ensure our inventory sufficiency during market upturns.”

 

Bakkt, the digital asset subsidiary of Intercontinental Exchange (NYSE:ICE), has announced the Bakkt Visa Debit Card, which allows customers to use bitcoin and cash to purchase goods and services “online or in-store wherever Apply Pay® or Google PayTM are accepted, which includes hundreds of thousands of retailers, grocery stores, transit options and more.” Bakkt’s CEO, Gavin Michael, said:

 

“Imagine a bitcoin user who sees a significant gain. Now, instead of selling and waiting to transfer to a bank, they can simply walk into their favorite store, tap their Bakkt Card and buy that new item they’ve been eyeing. Very soon selected rewards customers will have the same flexibility – leveraging their points to pay for a lunch out with friends or even an impulse purchase.”

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood , Acorn, Stash  and others.

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

The Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Play Music and most audio platforms available.

 

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android 

Join our Investor Club https://www.investorideas.com/membership/

 

Contact Investorideas.com

800-665-0411

 

 

 



Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories

 

Comments