NUGGETS OF ALPHA
Steve Weiss bought more Bitcoin, and the CNBC audience is listening
~$200M of inflows came into Bitcoin this week, surpassing over $1B year-to-date
$10.5M flowed into Solana, bringing the year-to-date flows now to $119M
Solana more than tripled in 59 days
MSTR's returns on their holdings are now ~24% with a breakeven price of $29,579
U.S. consumer sentiment falls for the fourth straight month
The U.S. credit card delinquencies are rising fast per all commercial banks
Today we’ll dive into money, money flow, and where it is coming from.
Steve Weiss is a famous investor because of his long track record of success generating alpha for his clients. He is the founder and chief investment officer of Short Hills Capital Partners, a private investment firm that manages over $1 billion in assets. Weiss is known for his value investing approach, which focuses on buying stocks he believes are trading below their intrinsic value and a willingness to invest in contrarian positions. He is a Value Investor… and feels BTC has deep value!
Weiss has been featured in numerous publications, including The Wall Street Journal, The New York Times, and Forbes. He is also a regular contributor to CNBC's "Halftime Report." When he talks, other people listen.
Bitcoin futures open interest hit a tipping point for the first time as the CME surpassed Binance in size. The analysis of open interest across exchanges highlights the increasing presence of institutional investors.
How massive? Grayscale Bitcoin Trust has
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