Not Investment Advice 190: Jack Back, Bitcoin $90k & Trump’s Impact on Big Tech, Tariffs, EV & Media
Nov 13, 2024
Dive into a whirlwind of topics, starting with Bitcoin's potential surge to $90K and the political dynamics shaping its future. The discussion dances through a unique art exhibition in Paris, merging AI and surrealism. With a humorous nod to viral memes, the hosts reflect on life in vibrant cities. They analyze Trump's impact on Big Tech and tariffs while exploring the balance of risks and rewards in the entrepreneurial realm, particularly in electric vehicles. Tune in for a blend of insights, laughter, and tech predictions!
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Saylor's Bitcoin Bet
- MicroStrategy, led by Michael Saylor, is at a 24-year all-time high after buying Bitcoin at every top.
- Saylor's investment strategy involves accumulating Bitcoin, even during market peaks.
Low Retail Interest
- Despite Bitcoin's rally, retail interest, as measured by Google Trends, remains low compared to previous all-time highs.
- This suggests significant upside potential if retail investors re-enter the market.
Bernstein's Bullish Memo
- Bernstein, an $800 billion asset management firm, issued a memo titled "Welcome to the crypto bull market. Buy everything you can."
- This highlights increasing institutional acceptance of cryptocurrencies.