A1 Trading

Headlines That Will Make You Want To Invest In Crypto Right Now

October 26, 2021
Frank Cabibi

A string of articles have come out recently that will make you consider crypto and the potential around the emerging industry. Here are a few article headlines that I will summarize and explain why this is really important to the market as a whole.

Tesla May Restart Crypto Transactions Again

Several months ago, Tesla decided to stop bitcoin transactions because of environmental reasons. However, the EV and space exploration founder is a firm believer in the future of crypto and has said that he would continue transactions should the amount of energy from mining start to make less of an environmental impact and become cleaner and more efficient.

Tesla may restart crypto transactions again

Citi Starts Coverage of Coinbase With $415 Price Target, Says ‘Buy Crypto’s General Store’

More implied volatility could be leaning toward the bullish side of crypto as Citi gives Coinbase a price target of $415. They describe Coinbase as the hub for crypto investing that they call crypto's "general store". Although the company's price is very correlated with the performance of crypto, it also provides a service for those investors looking to invest in more than a coin. The sentiment Citi has around Coinbase, therefore, is staunchly correlated to the sentiment they have on crypto as a market. A $415 PT is also a statement towards further gains from bitcoin and other major altcoins.

Bakkt's stock surges on Mastercard, Fiserv deal to broaden use of crypto in payments

BKKT, previously known as VIH, completed its merger this quarter and is now making a deal with Mastercard to work out a simple way to make crypto transactions. Not only is money and technology flowing into this industry, but major institutions and investors are gearing for mass adoption. Bakkt is one of the potential major competitors against Coinbase as it expects to have about 30 million users on their platform in the coming years. More competition, money, technology, adoption and attention is going into this space which can only mean one thing: the market will just keep getting bigger.

Whether it's stocks or individual coins to invest in, I think it's imperative to look more into this space if you are a speculative investor trying to find that once-in-a-while opportunity that could potentially stack your portfolio.

The EdgeFinder

All-in-one Fundamental Dashboard

30 Days Access

Free Telegram

Join for daily analysis and trade setups!

Join Telegram

DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
Signals

A1 Trading Company

A1 Trading is a leading financial analysis and trading education company dedicated to empowering traders of all levels. Our team combines extensive market knowledge with cutting-edge technology to provide valuable insights and tools for traders worldwide.
2024 All Rights Reserved | A1 Trading Company
There is a significant degree of risk involved in trading securities. With respect to foreign exchange trading, there is considerable risk exposure, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.
homesmartphonelaptop-phonecross-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram