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Bitcoin s path to $5 trillion, 20 most-shorted SPACs: Insider Investing

Your weekly outlook The past week in the stock market saw a few more flashes of the long-awaited rotation out of mega-cap tech stocks, and into beaten-down value names. On Monday the tech-heavy Nasdaq 100 bottomed out more than 10% below recent highs before saving some face later in the week. Many popular meme stocks were collateral damage. But the Nasdaq may have an ace in the hole in the form of the $1,400 stimulus checks due to hit Americans bank accounts as soon as this weekend. A recent survey from Deutsche Bank found that half of all people between the ages of 25 and 34 plan to use the money to buy stocks.

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Bitcoin s path to $5 trillion, plus the market s 20 most-shorted SPACs right now

Bitcoin s path to $5 trillion, plus the market s 20 most-shorted SPACs right now
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Bitcoin outlook: Crypto hedge fund CIO shares 2 emerging crypto areas

Tradecraft Capital Jake Ryan is the chief investment officer of crypto asset hedge fund Tradecraft Capital. Ryan thinks bitcoin will have a market cap of $5 trillion by 2023 and $20 trillion by 2030. He also shares two emerging areas of the crypto-asset market that he s bullish on. Having spent the first 20 years of his career in software development, Jake Ryan has had no difficulty wrapping his head around the world of cryptocurrency and blockchain technology. Still, it took him more than seven years since bitcoin s creation in January 2009 to make his first direct purchase of the digital currency at around $480 apiece in 2016. What convinced him to finally make the leap was not the utopian vision for bitcoin shared by many ardent fans in the tech world, but the antifragile nature of the digital currency.

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KingSwap Brings Gamification to DeFi with NFT Staking and Raffle Games

Share: Singapore, Dec. 14, 2020 (GLOBE NEWSWIRE) (via Blockchain Wire) DeFi project KingSwap (https://www.kingswap.io/) today announced the launch of its NFT staking program and raffle games. On a mission to drive mainstream DeFi adoption through gamification, KingSwap is a high-yield liquidity platform that offers extensive staking rewards, digital collectibles, and fiat conversions. KingSwap s new NFT staking program allows users to stake their King, Queen, or Knight NFTs for a set period of 3, 6, 12, 24, or 48 months, similar to a bank s Certificate of Deposit. For a 12 month commitment, investors earn 60% APY for staking a Knight NFT (worth 10,000 $KING tokens), 80% APY for staking a Queen NFT (worth 100,000 $KING tokens), and 100% APY for staking a King NFT (worth 1 million $KING tokens).

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