Thread by @nathanaeldisu

CRYPTOCURRENCY AND THE US STOCK MARKET

I'll keep this very brief and simple

It's not news that crypto is getting more attention (both amongst retail investors and institutions)

Now, beyond just price of #Bitcoin, #Ethereum, #dogecoin, etc...

There's something you should know

Cryptocurrency is beyond just "trading coins"

To understand crypto very well, you'll need to understand the history of money

Understand how/why the fiat currency came into existence

Read through and understand the history of money, then you'll understand and appreciate crypto

Cryptocurrency is not actually speculative money.

Government and banks are saying crypto is speculative because of just 1 reason ONLY...

It's because they don't want to relinquish the power fiat currency gives them

Accepting crypto means they've lost.

Fiat currency gives power to government, Crypto gives power to individuals.

HOW DOES CRYPTOCURRENCY RELATES WITH THE STOCK MARKET?

The USD is currently the world's "dominant/benchmark" currency

But fiat currency is gradually losing value day by day (due to inflation)

Global companies are already adopting crypto as a means of payment for their products

Now, how does this affect your stocks?

You need to do a review of the stocks in your portfolio (especially fintech ones)

Now, in my opinion, crypto goes beyond just buying coins

Crypto and the Blockchain technology in general would revolutionise how the world operates

So any fintech company that would be relevant in the next few years/decade would be heavily involved in cryptocurrency

That's one way to know the stocks that would continue to be relevant

Stocks that have a footprint in cryptocurrency/Blockchain

2 fintech stocks in my portfolio are involved in cryptocurrency:

$PSFE and $IPOE

Also, there are stocks of bitcoin mining companies (such as $RIOT, $MARA)

$TSLA has adopted bitcoin as means of payment

In conclusion...

Any company that has to do with payments, or anything finance related would invest in cryptocurrency

And that's how they would remain relevant

So take note of this when doing your DD

Above all...

Get knowledge

Seek financial advice

Invest WISELY

#RetireYoungAndRich

P.S: I'll be having an IG live webinar this weekend

We would talk more on cryptocurrency and the US Stock Market

You don't want to miss this

More details later

#RetireYoungAndRich