🕰️ It's Time

Why Trump embraced crypto. Plus, how MSTR outperformed NVDA.

You're receiving this email because you're subscribed to Future Finance from Benzinga. To manage your subscription, click the link at the bottom of this email.

Happy Wednesday, Zingernation! A smart Bitcoin whale trader has made $30 million with only two trades. And guess what, the trader just bought again.

Today, we look at what Trump said about crypto, why MSTR has outperformed NVDA and more.

Plus, our partner has some of the best credit cards for balance transfers.

MARKET SNAPSHOT

TOP STORY

Briefly: Donald Trump warned that the United States must embrace digital currencies to prevent China from dominating the field.

So Basically: “If we don’t do it, China is going to figure it out, and China’s going to have it—or somebody else,” he told Bloomberg in an interview.

So Then: Trump has gone from calling Bitcin “a scam” and “a disaster waiting to happen” to wanting all the remaining Bitcoin to be mined in the US.

So What: As the Democratic Party, particularly under the Biden administration, has taken a more skeptical approach to crypto, Trump has seized the opportunity to court the industry and its supporters.

TOGETHER WITH FINANCEBUZZ

Did you know some credit cards can actually help you get out of debt faster?

Yes, it sounds crazy.

But it’s true.

The secret: Find a card with a “0% intro APR" period for balance transfers.

Then, transfer your debt balance and pay it down as much as possible during the intro period.

No interest means you could pay off the debt faster.

FIVE ZINGERS

Whale: $30 million from only two trades is not too bad. A Bitcoin whale investor managed that feat and just bought some more bitcoin.

Surging: Worldcoin has had a few bad months but suddenly it’s up 40%. Why that is and what its tokenomics have to do with that surge.

Inevitable: Shiba Inu’s bull run is “inevitable,” according to the latest traders’ opinions. Why that is and why SHIB is looking good.

Soaring: XRP is suddenly soaring, after a long period of doing nothing. It even outpaced Solana in trading volume and everyone’s wondering what’s next.

Breakout: Dogecoin is up 14% over the past week but that isn’t even the real breakout yet, a trader said. Here’s when the post-halving rally starts.

TOGETHER WITH FINANCEBUZZ

Did you know some credit cards can actually help you get out of debt faster?

Yes, it sounds crazy.

But it’s true.

The secret: Find a card with a “0% intro APR" period for balance transfers.

Then, transfer your debt balance and pay it down as much as possible during the intro period.

No interest means you could pay off the debt faster.

FINTECH FOCUS

Briefly: NVDA has been one of the best performing stocks over the last year and five years, but has been beaten by MSTR for one key reason.

What Happened: Nvidia stock is up 2,878% over the last five years and up 172% over the last year.

What Else: While Nvidia shares are up significantly, software company MicroStrategy has outperformed the semiconductor stock since Aug. 10, 2020.

Why It Matters: Before Bitcoin ETFs were approved, MicroStrategy was one of the ways for investors to get exposure to the leading cryptocurrency.

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Ring The Bell: Created for market enthusiasts by market enthusiasts, this twice-daily newsletter delivers top stories, fast movers, and hot trade ideas straight to your inbox. Subscribe here.

Cannabis Daily: A must-read daily briefing for cannabis investors, operators, and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.

Real Estate Weekly: Where we highlight the movers and the losers, the upgrades and the downgrades, the top stories and opportunities in the trillion dollar REIT and real asset industry. Subscribe here.

Mining Weekly: Get an insider's edge with news, analysis, and commentary on what’s shaping the mining and commodities industry that powers the global economy. Subscribe here.