There is only one way to profit from Eskom’s Coal Cliff – and SA’s energy revolution and that is to invest in these Three Penny Stock Eruptors:
Read it and you will discover:
Penny Stock Eruptor #1:
A coal miner that's set to quadruple production and come to Eskom's rescue
Penny Stock Eruptor #2:
The only such business in Africa, with the technology to turn refuse into electricity
Penny Stock Eruptor #3:
A South African company that builds and manages renewable energy plants
Bitcoin news doesn’t really get much bigger than this
On 7 May, The New York Times revealed that The New York Stock Exchange (NYSE) is opening up a bitcoin exchange.
The parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin.
The news of the virtual exchange, which has not been reported before, came after Goldman Sachs went public with its intention to open a Bitcoin trading unit — most likely the first of its kind at a Wall Street bank.
And if you’re wondering about the Goldman Sachs part in that excerpt, don’t worry. That’s new information, too.
Goldman Sachs moves ahead with crypto trading desk
Back in December 2017, Bloomberg broke the news that Goldman Sachs was going to open up a crypto trading desk:
Then at the beginning of May 2018, The New York Times confirmed this:
[Goldman Executive Rana Yared said] Goldman had concluded that Bitcoin is not a fraud and does not have the characteristics of a currency. But a number of clients wanted to hold it as a valuable commodity, similar to gold, given the limited quantity of Bitcoin that can ever be “mined” in a complex, virtual system.
“It resonates with us when a client says, ‘I want to hold Bitcoin or Bitcoin futures because I think it is an alternate store of value."
So now both the NYSE and Goldman Sachs are planning to open up crypto markets to a wider audience like hedge funds and retail investors.
Ethereum staking amount confirmed – A big deal for ETH investors
This is very big news for people who hold a lot of Ethereum. As I have written about before, Ethereum will be changing from a proof-of-work (POW) consensus mechanism to a proof-of-stake (POS) one.
That may sound complicated. But it basically means that there will be no more mining for Ethereum. It won’t be secured by miners and it won’t be wasting huge amounts of energy like bitcoin does.
Instead, people will “stake” a certain amount of Ether to keep the network secure. In return for staking their Ether, they will get more Ether in return.
There’s an old saying: “a leader who loves status quo soon becomes a follower.”
I reckon that’s true in a lot of cases. Fact is, most people simply don’t want to upset the apple cart.
They’re happy making their money in a wage packet. And that’s fine.
But for those who want a little something extra out of life, this book
could be just the ticket.
Crypto prices might not be seeing huge growth right now, but be patient and you’ll be rewarded
Although all these major events are happening in the crypto markets, we haven’t quite see it reflect in their prices.
In fact, in some case cryptos have fallen.
But this is the nature of crypto. It a wild ride.
And if you only invest money you can afford to lose, you can ride these swings. This is the only way to have a “strong hand” and not get spooked by falling crypto prices.
See you next week.