The Lead

The most stunning display of misplaced culpability was witnessed on Wall Street last week. It began when a number of small investors, congregating in a Reddit chat group, started vigorously “crowdbuying” stock in public companies - most notably: GameStop ($GME) - which they believed were undervalued and possessed abnormally high and unjustifiable short interest ratios.

Bitcoin IS in the news and probably everyone knows roughly where the price is, too (the ones that don't probably DO know all Tom Brady's career statistics, though).

In the United States fintech wealth management space, it’s easy to forget about our neighbors to the north, but recent expansion in America among certain Canada-based firms are starting to get more attention.

Some use charts to predict price fluctuations. Some focus on fundamentals. Others use time machines built out of DeLoreans. Whatever mechanism you are using to forecast the price of bitcoin, make sure not to overlook the most basic analytic tool of all – psychology.

Never before in history has there been a viable replacement for gold but, alas, there is now. A young whippersnapper born of the digital age that answers to the name of Bitcoin may be putting old gold out to pasture.

Since we are basically still at the very beginning of 2021, with almost everyone making predictions for what may or may not happen in the coming year, it might be a good idea to look back. NOT at what happened but rather some very topical quotes and sayings that always seem to get overlooked (or ignored), BUT which have a direct and lasting importance on what's happening now. With some of these quotes, the government (and financial 'smarties') would rather you didn't remember them, but hey, they were the ones who said them.

The $5.3 billion deal between Visa and Plaid collapsed due to a government antitrust lawsuit. The U.S. Justice Department called Visa a "monopolist in online debit transactions."

The mainstream emergence of Special Purpose Accquisition Companies (SPAC for short) has became one of the hottest market stories of 2020 and the trend appears to be continuing into the new year.

Just in case you haven't heard (amazing), the price of Bitcoin reached over $40,000 last week as more institutional investors have decided to gain exposure to the digital asset/currency.

Walmart issued a late day press release on Monday, 1/11/21, in tandem with Ribbit Capital, that the two firms were announcing the creation - or should I say co-creation - of a new fintech start up. The new firm, which is yet unnamed (the fintech formerly known as symbol?), will be "designed to develop and offer modern, innovative and affordable financial solutions", according to the announcement.