05/17/2021: Weekly Newsletter
I’m a little irked by the whole Dogecoin, Elon Musk, and Bitcoin saga that seems to dominate the headlines lately. Why you ask…?*
1) As I mentioned already, I don’t understand why anyone is paying attention to a coin that was started as a joke
2) Elon Musk, while yes, he is a well known business celeb, is just one man. Why is his opinion the up or downfall of a particular asset? If your valuation of an asset relies on how one man feels about it on a particular day… then, I just think that’s shortsighted investing.
3) All of this is headline fodder. At the end of the day, I believe crypto is a long game…. so all this is just noise and clickbait.
Instead, we should be focusing on things like what the CPI index is doing.
*Or maybe I’m just annoyed because I stayed up late last night because I forgot today was tax day…and as I learned the hard way, doing your taxes on the day after you get your 2nd vaccine shot when you feel like crap and you have to figure out how to adjust everything because you worked for a job in one state and then moved and worked remotely for part of the year to another state, was a bad idea.
Money & Crypto
Consumer price index rose in April
Economist did a special report on the future of banking, including: how FinTechs are growing relative to banks, central banks issuing digital currency
Bitcoin’s energy consumption charted
How to get exposure to crypto without buying crypto directly
Colonial Pipeline paid 75 bitcoin to hackers
Binance facing IRS investigation
Bitcoin and Ether down
IPO: JD Logistics $3.4B
Fundraise/M&A: Bill.com buying Divvy @ $2.5B, Wealthsimple $610M, Pine Labs $285M
Tech & Science
China’s Mars Rover lands
Whats App’s privacy policy
How Alexa was developed
Microsoft closing Azure blockchain service
Etc.
♫Nicole Lynn Lewis talks about her new book Pregnant Girl and how she has worked to improve teen motherhood
Music copyright legal battles on the rise
Rafael Nadal’s workout routine
Two recent reads: Evvie Drake Starts Over was a great fun weekend read and Ghosted was an interesting take on a guy who doesn’t call a girl back after they’ve had a seemingly mutual good time—we’ve all been there… :)
Disclaimer: All opinions are my own. The content on this site and on the podcast does not constitute financial, legal, accounting, tax, or investment advice.
