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Is this big name crypto stock the next to go under?

Season 1 Episode 977 Published 3 years, 8 months ago
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]

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