Episode 8: Bitcoin and Bullion Breaks Records episode artwork

EPISODE · Mar 8, 2024 · 45 MIN

Episode 8: Bitcoin and Bullion Breaks Records

from Bulls vs. Bears · host MPC Markets

This week's episode of "Bulls vs Bears" Bitcoin reached an all-time high of $69,191.95, fueled by U.S. regulatory approval for Bitcoin ETFs, a renewed enthusiasm for tech stocks, and the approaching "halving" event. Gold, on the other hand, marked a significant rise to $2,141.79 an ounce, up 17% from the previous year, driven by its safe-haven appeal amid economic instability and inflation concerns. Stock Highlights of the Week: Apple Inc.'s shift to AI and its stock performance. BHP Limited's anticipation of a tighter copper market. Nickel Industries' improving outlook and challenges. Newmont and the bullish outlook for gold, energizing ASX-listed gold miners. Weather Impact on Investments: Discussion on NOAA's La Niña watch, its potential global impact, and implications for investments in companies like Elders. Commodities and FX Review: Overview of the week's quiet activities in commodities and FX, highlighting lithium's performance, gold's record high, and other notable trends in crude oil, coal, uranium, and Bitcoin. Economic and Political Landscape: Federal Reserve Chairman Jerome Powell's expectations for rate cuts in 2024 and the delicate balance of inflation reduction with economic growth. Analysis of Australia's economic headwinds, including GDP growth slowdown, rising unemployment, and potential budget deficits. Trade of the Week: Recommendation for buying Data#3 Limited (DTL), including analysis and investment strategy.

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Episode 8: Bitcoin and Bullion Breaks Records

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