Dear Reader,
Bitcoin and cryptocurrencies' boom in general started toward the end on 2015. Millennials, or people born between 1981 to 1996 embraced cryptocurrencies and started trading cryptocurrencies and helped cryptocurrencies rise to record highs in 2017 and are now one of the main driving forces behind the recent run up in Bitcoin and other cryptocurrencies' prices.
After the cryptocurrencies' prices crashed in 2018 many millennials used their recently acquired knowledge on cryptocurrencies and went on to start investing in common stocks of listed companies.
The similarities between cryptocurrencies and stocks are stark. Most cryptocurrencies issued by companies depend on the success of projects of the underlying companies or the companies themselves. One basically has to analyze the financial statements of the companies, much the same way one analyses companies in order to successfully invest in their stocks.
The recent run up in the prices of cryptocurrencies and stocks is due to a large extent to millennials investing. Millennials continue to invest even more money in cryptocurrencies and stocks, so the run up in prices of stocks and cryptocurrencies could continue for several more months.
But, basically, we are in a bubble of stocks and cryptocurrencies driven by technology. However, out of the soon to come crash and chaos new technologies and technology leaders will emerge much like Amazon and Google after the dot-com boom and subsequent crash.
Disclaimer: The blogposts and comments on this blog and posts on social networks(Twitter, LinkedIn, Facebook etc.) are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is".
Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blogposts on this blog and posts on social networks.
Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blogpost and posts on social networks(Twitter, LinkedIn etc.)!
Respectfully yours,
Petar Posledovich
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