Is this big name crypto stock the next to go under?

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.5 • 1.1K Ratings

🗓️ 30 November 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets are trading lower ahead of Fed Chair Jerome Powell’s speech this afternoon. I give my take on what Powell will say… and whether you should expect a Fed pivot anytime soon. Bitcoin continues to trade around $17,000 despite the FTX meltdown. I break down why this volatility reminds me of the dot-com days… how one big asset manager is moving into crypto… and how investors should play the chaos in the crypto market. Well-known short seller Mark Cohodes is going after crypto stock Silvergate Capital—going so far as to call the company a fraud. I explain why I’m skeptical of the short thesis… and why the stock could rally 200% from here. Plus, one more crypto stock for your watchlist. In this episode What to expect from Powell’s speech [0:30] Will the Fed pivot anytime soon? [5:25] Why Bitcoin is resilient amid the crypto market chaos [7:15] Why I’m skeptical of the short thesis on Silvergate Capital [10:14] One more crypto stock to watch [33:28] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/ : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :

Transcript

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0:00.0	Wall Street Unplug looks beyond the regular headlines, heard on mainstream financial
0:06.4	media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.5	right to you on Main Street.
0:12.8	Let's go down there, it's November 30th.
0:18.8	I think there's just a Wall Street Unplug, so I break down the headlines and...
0:25.6	Tell you what's really moving these markets.
0:28.6	It's an interesting day today.
0:32.6	See, markets come down a little bit, but big story is Powell's speech.
0:36.6	You can be speaking at the Brookings Institute.
0:40.6	It's one of the top stories outside if you're not paying attention to Twitter and how Elon Musk is sending out crazy tweets all the time.
0:46.6	Oh my god, it's so terrible, it's crazy, it's so funny.
0:48.6	And so just everyone pays so much attention to Twitter.
0:52.6	And Elon Musk right now, it's so funny.
0:54.6	It's so crazy.
0:55.6	While it's both sides, you gotta love the drama.
0:58.6	But when it comes to the markets, you're looking at Powell.
1:02.6	And it makes sense, even though the guy spoke two weeks ago, I don't know how different this speech is.
1:07.6	I mean, you speak at the Brookings Institute.
1:09.6	I don't know what he's actually going to say is going to be different.
1:12.6	Again, we're looking at two and a half weeks ago.
1:14.6	We raised rates again by 75 base points.
1:17.6	So everybody wants to pay attention to every single word and granted every single word moves markets, depending on how you interpret it, right?
	...

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