LIVE Bitcoin + Crypto Market Update- Tonight!

(5/9/2024)

The LIVE AMA Is This Evening…

While there haven’t been any too crazy moves in the market since the halving these times when it is seemingly calm are the times to pay attention and get involved so you can be ready when the market starts heating up.

Mark your calendars for for 4 PM Pacific on Thursday May 9th (Tonight).

Register Here!

I will be hosting a free live AMA to answer your questions about Bitcoin, Crypto, XRP, where it’s at, where it’s going and how you can capitalize on that.

We had such an amazing turn out last time and the meeting room filled up FAST!

This time we have doubled the size of the meeting room so that we can hopefully accommodate everyone, but spots are limited so make sure to show up early and ready to go.

So get signed up and bring your questions because we are going to cover a lot.

Fannie Mae To Make Insurance Costs Rise

(5/8/2024)

• 🤑 Fannie Mae's rule change will cause homeowners insurance to rise, taking away the right to choose insurance coverage.

• 💸 The option between actual cash value and replacement value coverage is becoming more important as inflation and construction costs rise, impacting insurance companies' ability to cover claims.

• 💰 Fannie Mae's new insurance costs may come as a shock to homebuyers, potentially impacting their ability to afford a house.

• 🤯 The impact of government intervention on insurance costs and fast food wages is causing major repercussions in the market.

• 💰 The only reason banks require insurance is to cover their investment, not to protect the homeowner.

• 🏠 The increase in insurance premiums may contribute to the acceleration of the housing market collapse, creating a new obstacle for potential home buyers.

People Have Stopped PAYING THEIR BILLS

(5/8/2024)

• 💸 Credit card delinquency rates are an excellent barometer of the health of the economy, indicating potential opportunities for those prepared for an economic downturn.

• 💳 Americans are carrying record household debt into 2024, with delinquencies on auto loans and credit cards rising to new highs.

• 💸 The record high US household debt of 17.3 trillion shows that the average household does not have enough money to survive, leading to an increase in delinquency rates.

• 💳 People are going into debt for holiday shopping and not paying their bills, leading to skyrocketing delinquency rates on credit cards.

• 💳 Americans are drowning in credit card debt, struggling to make their monthly payments as they battle high inflation and interest rates.

• 💰 The increase in debt that is 30 or 60 days past due is a sign of potential financial crisis, especially if it aligns with past delinquency rates from 2010-2011.

• 💰 The share of accounts making minimum payments jumped 34 basis points from the third quarter, highlighting the stress among credit card holders.

• 📉 The economic outlook for 2024 is predicted to be much worse than 2023, with rising numbers and increasing debt.

Susquehanna Disclosed a large investment in Bitcoin

(5/8/2024)

• 📈 Susquehanna's large investment in Bitcoin reflects the ongoing trend of companies buying into cryptocurrency, regardless of price fluctuations.

• 💰 Susquehanna International Group disclosed a $1.3 billion investment in spot Bitcoin ETFs, making a significant move in the cryptocurrency market.

• 💰 "A lot of people are going to lose a lot of money when Bitcoin turns down in the next Bull cycle."

• 📈 Big banks and institutions are a lot smarter with how they buy, they don't buy emotionally.

• 🔒 The difference in readiness between retail and institutional investors can make or break their investments during market fluctuations.

• 📈 The growing institutional interest in spot Bitcoin ETFs is causing a massive amount of buying, indicating a significant shift in investment trends.

Shopify Shares Fall 18% Because They Said...

(5/8/2024)

• 📉 Shopify's 18% drop in shares reflects a larger trend of confidence in the market being affected by the performance of big companies.

• 📉 Shopify's revenue and profit guidance spooked investors, causing a significant drop in the company's value.

• 📈 Shopify is trying to prepare shareholders to not sell their stock by giving insights into the future, to avoid a negative impact on their stock in the next quarterly filing.

• 💵 Shopify anticipates a decrease in gross margins and an increase in operating expenses, which is not aligned with Wall Street's projections.

• 🛍️ Shopify has pulled back in other areas like logistic services and laid off 20% of its workforce as it navigated a post-pandemic slump in e-commerce.

• 💼 Shopify president emphasizes long-term focus and future investments despite layoffs.

• 📉 Shopify's reported net loss of 273 million or 21 cents per share compared to a profit of 68 million or 5 cents per share last year.

Next Bitcoin + Crypto Market Update AMA

Thursday May 9th 4PM Pacific Time

REGISTER HERE