Hope you had a good trading week.
Sure the SPY and DIA made new all-time highs but the eye-popping gains this week were in the digital/crypto-asset space.
Don’t look now but Ethereum is nearly $4000 and this past week more and more legacy/traditional financial institutions signaled their intent to dive into the digital asset space with product offerings and trading desks.
For those of us who have been active and trading in the crypto space, the mainstream adoption of Crypto has been a long time coming but now we’re seeing that the best and brightest on Wall Street are moving over to the crypto space because the real and potential opportunities and returns are undeniable.
Does all of this sound too bullish? Is all of this just late-cycle euphoria? Possibly or are we at the start of a major inter-generational shift in asset and financial paradigms?
Here are some of the ideas in this week’s video: