TradeStation President John Bartleman: Cryptocurrency "Here to Stay"
Cryptocurrency has investors in a frenzy, with some swearing by it, and others warning of instability and bubbles. In the pro-crypto camp is John Bartleman, president at digital brokerage firm TradeStation, who believes that digital currency is the future.
“I think this is here to stay, I think we are in the early days, somewhat like the internet in the early 80s, early 90s” he said.
Bitcoin is the top cryptocurrency now, shooting up the charts and, in a matter of weeks, jumping from $8,000 to over $11,000. Some analysts say there’s no reason for the hike, and swear the bubble is about to burst.
JPMorgan's Jamie Dimon, one of the most notable naysayers, says the Bitcoin currency is a fraudulent system, too often used for illicit purposes. Similarly, the CBOE recently announced it will launch Bitcoin futures trading as of December 10th, offering free trading through the month of December. The exchange says the move will provide “transparency, efficient price discovery, deep liquidity, and centralized clearing,” to investors.
Bartleman does agree that there is a lot of fraud as of now, and that the digital currency can see a correction, but he contends that “there’s real value in [crypto].”
“In the next five years, I think we will find ourselves in a place where retail customers will be interactive, trading in different type of crypto companies,” Bartleman said.
Mitch Roschelle, Managing Director at Madison Ventures, shares why investors may be waiting longer than expected for those interest rate cuts, and why he’s watching tech, oil, and homebuilder stocks.
Amazon saw 24% growth in their Thursday Night Football audience in 2023. Subscribers will be rewarded with even more sports, but not without enduring more ads — unless they pay extra, of course.
Low unemployment + 350 thousand new jobs in January = ...more layoffs? A bunch of tech and retail companies have laid and are laying off employees after a nationwide hiring surge during the pandemic.
The most magical place on Earth wants a protective order to keep Gov. Ron DeSantis' appointees from knowing how the magic happens. A federal judge dismissed a separate Disney lawsuit last week.
Just days before the 49ers and Chiefs play in Las Vegas, Joe Pompliano, Investor at Pomp Investments and author of the Huddle Up Newsletter, discusses why he thinks this could be the most-watched Super Bowl in history.
Chris Versace of Tematica Research LLC shares his thoughts on Jerome Powell's latest comments, the timing of those crucial rate cuts, and what semiconductor stocks he's watching closely.
We battle an onslaught of advertising every time we scroll through social media. Deinfluencers propose a less pricey, more honest approach to how we shop online. Could they convince us to spend less?