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Jim Cramer's Warning on MicroStrategy Stock

Jim Cramer, the CNBC host, has expressed concerns about investing in MicroStrategy due to its heavy reliance on Bitcoin. He suggests that investing directly in Bitcoin might be a safer bet.

• Main Points:

  • Cramer’s Warning: Advises against buying MicroStrategy stock amid Bitcoin’s volatility.

  • Company Performance: MicroStrategy has performed well but carries risks due to its Bitcoin dependence.

  • Market Outlook: Positive predictions for MicroStrategy, yet direct Bitcoin investment may be preferable.

  • Financials: MicroStrategy reported a net loss, with potential S&P 500 inclusion pending new accounting practices.

  • Bitcoin Analysis: Bitcoin’s price is around $62,000, with high trading volume and continued investor interest.

  

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• Detailed Insights:

  • Investment Caution: Cramer warns that MicroStrategy’s stock is too closely tied to Bitcoin’s unpredictable prices.

  • Performance Analysis: Despite outperforming Bitcoin, MicroStrategy’s stock may not be the best indirect investment in cryptocurrencies.

  • Future Projections: Analysts at TD Cowen are bullish on MicroStrategy, but Ethereum ETF rejections could impact its growth.

  • Financial Health: The company’s losses, excluding Bitcoin, could affect its index listing chances.

  • Cryptocurrency Trends: Bitcoin remains a strong investment, with its price stability and trading volume indicating sustained appeal.

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Crypto Clash: Tether CEO vs. Ripple CEO

The CEOs of Tether and Ripple, Paolo Ardoino and Brad Garlinghouse, engage in a public debate over the stablecoin USDT, amidst increasing regulatory attention.

• Main Points:

  • Tether’s Defense: Ardoino rebuts Garlinghouse’s critique, stressing USDT’s value and Tether’s adherence to regulations.

    An uniformed CEO, leading a company being investigated by the SEC, launching a competitive stablecoin (cui prodest), is being reported spreading fear about USDt.

    Let me give you an update on Tether USDt ecosystem safety.

    USDt is the most used stablecoin in the world, with… x.com/i/web/status/1…

    — Paolo Ardoino 🍐 (@paoloardoino)
    7:30 AM • May 13, 2024

  • Ripple’s Response: Garlinghouse clarifies his comments, acknowledging Tether’s significance while noting regulatory concerns.

  • Regulatory Focus: The debate highlights the growing regulatory interest in stablecoins, especially those pegged to the USD.

• Detailed Insights:

  • Tether CEO’s Counter: Ardoino defends USDT against Garlinghouse’s claims, underscoring Tether’s efforts to serve the unbanked and its commitment to transparency.

  • Ripple CEO’s Clarification: Garlinghouse explains his position, indicating that his observations were about regulatory scrutiny, not an attack on Tether.

    I wasn’t attacking Tether…the next words out of my mouth during the podcast were that I view Tether as a hugely important part of the ecosystem. My point was that the US govt has clearly indicated they want more control over USD-backed stablecoin issuers, and thus, Tether, as… x.com/i/web/status/1…

    — Brad Garlinghouse (@bgarlinghouse)
    3:04 PM • May 13, 2024

  • Regulatory Implications: The conversation between the two CEOs sheds light on the challenges stablecoin issuers face with regulators, particularly in the U.S., where there is a push for more oversight.

Russia Targets Residential Crypto Miners

Russian officials propose fines and legal changes to curb residential crypto mining due to its impact on power supplies.