[CryptoButthead.com, msc, mschro, January 29, 2024] Well, howdy folks! Ash and Booker here, bringin’ you the latest scoop from the wild world of crypto and stocks, all wrapped up with a bow of sarcasm and a sprinkle of our hillbilly wisdom.
First off, let’s tip our hats to GRIID, a Bitcoin mining company that’s just started tradin’ on the Nasdaq. Now, ain’t that somethin’? It’s like watchin’ your little piglet grow up to win the county fair – makes you proud, don’t it?
Now, onto some crystal ball gazing from the folks over at TD Cowen. They’re sayin’ we might see a spot Ethereum ETF in the U.S. come late 2025 or early 2026. That’s after the November 2024 election, mind you. Ash, what you reckon ’bout that timeline?
Ash: Well, Booker, I reckon it’s like waitin’ for rain in a drought. You know it’s comin’, but boy, does the wait test your patience!
Booker: True that, Ash. And speakin’ of tests, looks like the crypto funds at some big asset managers like BlackRock and Fidelity saw some net outflows totallin’ $500 million globally last week. Seems like some folks are gettin’ cold feet, or maybe they’re just savin’ up for a rainy day.
Ash: Could be, Booker. Now, let’s talk ’bout them “Magnificent Seven” stocks – Apple, Microsoft, and the gang. They’ve been struttin’ their stuff in 2023 with big gains. It’s like watchin’ a rooster parade in the barnyard!
Booker: And don’t forget Neptune Digital Assets, announcin’ a $6.4 million comprehensive net income for Q1 2024. That’s no chicken feed!
Ash: Right you are. And with earnings results from five of the “Magnificent Seven” droppin’ this week, it’s gonna be as excitin’ as a fox in a hen house.
Booker: Plus, we’ve got the Fed’s latest interest rate decision comin’ up. Investors are bettin’ the range will stay put, but all eyes will be on Chairman Powell for any hints ’bout rate cuts.
Ash: And to top off the week, we’re lookin’ at the US jobs report. Economists are predictin’ a slight dip in new job creation but an unchanged unemployment rate of 3.7%.
Booker: So, what more to say than Happy Monday, everyone. We’ll be back with more tales from the crypto and stock market frontier. Cheers!
Long live Bitcoin and Ethereum!
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Disclaimer: Yo, this is Booker your CryptoButthead talkin’, man. This article is for entertainment purposes only and does not constitute financial advice. Invest responsibly, y’all! Don’t take it too seriously. Crypto investing is serious, just like any other investments. Get real info, dude. Remember, investing is extra risky. If you don’t know, ask someone who does. This article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Furthermore the author(s) of this article may or may not hold a position in the mentioned stock or digital asset. None of the companies or organizations discussed in the above article have paid for this content. The information provided in this article should not be considered financial advice, and readers should always do their own research before making investment decisions. However, as with any investment, there are potential risks and uncertainties to consider, such as potential regulatory changes, market volatility, and competition from other players in the industry. It is important for investors to carefully monitor this stock or digital asset and its performance over time to make informed decisions about their investments. cryptobutthead dot com is a project of The SiLLC Assembly. This site is for entertainment purposes only. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances.
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