Episode Details
Back to EpisodesIs this big name crypto stock the next to go under?
Description
Markets are trading lower ahead of Fed Chair Jerome Powell's speech this afternoon. I give my take on what Powell will say… and whether you should expect a Fed pivot anytime soon.
Bitcoin continues to trade around $17,000 despite the FTX meltdown. I break down why this volatility reminds me of the dot-com days… how one big asset manager is moving into crypto… and how investors should play the chaos in the crypto market.
Well-known short seller Mark Cohodes is going after crypto stock Silvergate Capital—going so far as to call the company a fraud. I explain why I'm skeptical of the short thesis… and why the stock could rally 200% from here. Plus, one more crypto stock for your watchlist.
In this episode
- What to expect from Powell's speech [0:30]
- Will the Fed pivot anytime soon? [5:25]
- Why Bitcoin is resilient amid the crypto market chaos [7:15]
- Why I'm skeptical of the short thesis on Silvergate Capital [10:14]
- One more crypto stock to watch [33:28]
Enjoyed this episode?
Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/
Wall Street Unplugged podcast is available at:
--iTunes: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/
--Stitcher : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2
--Website : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/
Twitter: https://twitter.com/frankcurzio
Facebook:. https://www.facebook.com/CurzioResearch/
Linkedin: https://www.linkedin.com/in/frank-curzio-690561a7/