All Time Highs on Bitcoin...🚀and what's up with the Supply Chain? 🤷♀️
There’s a lot that happened this week. The Bitcoin ETF dropped and crypto went surging to all time highs, the Apple Event brought back ports in the MacBook and everyone went crazy for… a good product, and the supply chain issue bottleneck was detailed in a Twitter thread that went absolutely viral.
If you missed it, below is the tweet thread from Ryan Petersen, the CEO of Flexport - a multi billion dollar shipping freight logistics technology company. He details the exact problems that we’re facing at the ports in Southern California (where most of the goods imported to the US flow from). It’s definitely worth the read if you want context on what exactly we’re facing as a nation and global economy and the exact issue with the supply chain. That way, you can school your family and friends on the situation.
I’ve personally been the busiest I’ve ever been - and trying to continue to put out quality video content for you all.
Upcoming on the YouTube channel will be more Crypto Explained Videos, general NFT videos, market commentary, and as usual personal finance basics.
I hope you all have a great week, and look forward to seeing you all in the comments.
Humphrey
Quote of the Week
I love this mindset shift. Think you are there, and you’ll take the actions to be there by working backwards.
In the Markets
Weekly News Roundup
Bitcoin Hits All Time High of $66K+ as the Bitcoin ETFs go live (Coindesk)
Following the successful launch of the inaugural Bitcoin ETF for U.S. investors, Bitcoin rallied to a record >$66,000 for the first time as optimism for mainstream acceptance surged.
RH: The future for mainstream Bitcoin acceptance looks bright as these kinds of "validating moments” are happening more and more often.
HY: I posted a video on the 5 Factors that could bring Bitcoin to $100K, they mostly have to do with institutional adoption. We are seeing a bit of retracement this weekend in the crypto market with most coins off their all time highs.
Apple Drops Intel in Biggest MacBook Pro Overhaul in Years (BBG)
At Apple’s event last Monday, the company announced a total revamp of their line of MacBook Pro computers by stripping Intel chips and replacing them with their proprietary Apple M1 Pro and M1 Max chips.
RH: At first, I didn’t know what to expect out of Apple’s M1 chip in last year’s MacBooks but after how well they seem to be performing, Intel is going to be under pressure to innovate. The free market at work.
HY: I am so mad. I bought a new MacBook earlier this year and now I am jealous of all the ports they brought back in this year’s version :(
NYC Expands Vaccine Mandate to All Public Employees, Eliminates Test-Out Option (CNBC)
Research shows that COVID vaccines work as well as vaccine mandates and New York announced last Wednesday that all public employees must be vaccinated - with no test-out option.