Why MicroStrategy's ‘all-in’ Bitcoin bet is flawed

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

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

4.6 • 1.1K Ratings

🗓️ 29 June 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin dipped below $20,000 as overleveraged companies are going bust. We start today’s show by discussing the liquidation of crypto hedge fund Three Arrows Capital and its ripple effects… the flaws of MicroStrategy CEO Michael Saylor’s “all-in” Bitcoin strategy… and how the current crypto bear market reminds me of the dot-com crash. Next, we discuss Morgan Stanley’s ridiculous call that Carnival Corp will go to zero… and I explain why I’m bullish on the cruise industry. In fact, my latest recommendation is a Carnival competitor. Finally, I highlight why Intel’s recent price action hints the markets could be near a bottom—and an important lesson from previous bear markets. In this episode: Overleveraged crypto companies are unraveling [1:55] MicroStrategy's “all-in” Bitcoin strategy is flawed [6:30] Could Bitcoin go to $250k next year? [10:50] Why the crypto industry needs regulation [13:50] Big players are stepping up in this crypto bear market [18:14] Why Carnival Corp. won’t go to zero [25:51] Intel’s recent price action is positive for markets [34:05] Don’t make this common bear market mistake [35:40] 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,
0:05.0	heard on mainstream financial media to bring you unscripted interviews and
0:09.0	breaking commentary direct from Wall Street, right to you on Main Street.
0:13.0	It's going up there, it's Wednesday June 29th.
0:19.0	I think there's just the Wall Street Unplug pockets where I break down
0:22.0	headlines and tell you what's really moving these markets.
0:30.0	Just Wednesday.
0:32.0	It's happy Daniel Day.
0:33.0	Oh, you like to call Daniel happy Wednesday, right?
0:36.0	Absolutely.
0:37.0	Wednesday, best day of the week.
0:39.0	So, Daniel's a senior research analyst at Curse Your Research.
0:43.0	And we break down the market all the time on Wednesdays and a lot going on as
0:49.0	usual, especially in Bitcoin world.
0:52.0	So we haven't talked about Bitcoin, you and I probably for last two podcasts.
0:55.0	But yeah, we're seeing it continue to come down.
0:58.0	We're seeing the leverage come out of the market.
1:00.0	And now we're seeing who's surreal and who's not for real.
1:04.0	And it's kind of crazy because today's announcement is three hours capital is
1:09.0	going to liquidate, which is interesting, which you know, Daniel, because
1:13.0	there's a company where Cal Davies co-founder said two weeks ago,
1:18.0	we're committed to working things out and finding an equitable solution for all
	...

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