Bitcoin (just don’t!) and serious salary sizes
Regular readers will know our views on Bitcoin and cryptocurrencies – a ‘Ponzi’ scheme not backed up by anything tangible and a lesson in losing money waiting to happen for some investors.
Nonetheless, it seems the Securities and Exchange Commission, which oversees and regulates the securities markets and protects investors in the US, has seen...
Financial predictions for 2024?
Ominous Bitcoin
So the SEC has approved 11 ETFs which invest in Bitcoin. First of all, don’t worry – we shan’t be buying them. Bitcoin is not an ‘asset’ and has nebulous, proven legitimate value and use. This ‘development’ is added to the latest speculative explosion about ‘AI’ (which of course has myriad applications and...
Happy Easter, good news and why you should avoid crypto
UK tax boost and healthy investments
So we’re told the Chancellor had £31billion more in tax receipts in January than he expected. So much for forecasts… who’d like to forecast how many forecasters predicted that? It may be very controversial to say so, but Liz Truss and Kwazi Kwarteng were the closest but that’s another story (and their problem was...
It’s not all doom and gloom
The candidates are being whittled-down. Different promises are being made and it is clear they can do ‘something’ on short-term economics too. They don’t seem to realise however that doling out cash benefits doesn’t cut the headline inflation rate as does cutting the taxes on the commodities we buy (which then cuts future inflationary...
Is crypto about to crash and burn?
Is it Armageddon for the cryptocurrency market? Recent headlines have shouted that more than $2trillion (yes, trillion!) has been wiped off the value of the overall crypto market following a crash since its high of November last year.
Remember, these things are not regulated. That means there are no enforceable rules or protections and as...