#Bitcoin #BTC - Break of lower channel support at around 16500-17000 shall take it to 1750-1800

Massive price erosion in cryptos a very likely outcome. This shall spill over to equities as well but not to same extent.

#Infy will go on to complete 13 waves (ideally above 4000) - Current drop up to 1600-1450 will be a buying opportunity within 11th wave..

#HDFCBank - From 2009 low of 70 - most likely completed 5 waves at 1705 (dividend adjusted values)

Also sitting on channel support, which should eventually break. Short term bounces though to be expected, fall is never in a straight line.

A drop to 700-800 is likely.

#NiftyFMCG #CNXFMCG

CMP 36264 / ATH 42021

Index should correct upto 18K-21K range and then resume the rise towards 55K. Mark the level on index and buy FMCG stocks there for another 2x-5x gains in stocks.

#Index #Nifty #Investing

#Bitcoin weekly RSI is at the same level as it was during the March'20 crash.

Two possibilities:

1) Reversal
2) Crash to test the lower bound of the channel or even lower, as most of the crashes are preceded by oversold readings.

As of now, 2 has a higher probability.

1/ @Square buys $50M of #Bitcoin w/ its balance sheet 🚀

let's untangle what corporate treasurers do and why this matters...

the role of corp treasurer didn’t exist until the 1970s, when co's faced high inflation and financial uncertainty

2/ in this environment, companies with no cash management or treasury strategy were losing 10-12% / yr to inflation

modern corporate treasury is typically focused on cash management and managing the opportunity cost of capital

holding cash is *not* a strategy

3/ when i worked in corp treasury, we mostly traded the overnight and short term rate markets

we could earn a nice 3-5% return in these very low-risk assets w/ time preference

treasurers today are living in a radically different world!

RATES ARE 0

TARGET INFLATION IS >2%

4/ faced with this new reality, corporate treasurers (and all investors) are looking at alternatives

#Bitcoin is a highly liquid asset that trades 24/7 in an increasingly regulated and structured global market - and its an effective portfolio diversifier!

5/ Square’s willingness to hold bitcoin on its balance sheet as a treasury asset speaks to:

(1) the changing landscape that treasurers must navigate, and;
(2) their ability to manage the operational, risk, and compliance requirements of holding bitcoin directly