2022 Crypto Investing Trends
Plus, Boeing learns a lesson.
Today is Monday, July 18, 2022.
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2022 Crypto Investing Trends
The current state of the cryptocurrency market is fear, says ex-MySpace CEO turned investing fund co-founder Mike Jones in a new episode of the Early Bird podcast.
Preparing: Despite the rough year for crypto, Jones says that some institutional investors see a future for digital assets and are currently preparing to enter the market in the future.
Decline: Jones said that crypto's decline in 2022 correlates to the decline in the public markets, particularly with stimulus money driving up investment prices and hedge funds adding crypto exposure.
Bigger Picture: Despite crypto’s decline, Jones said that he still believes that a digitally-minded world needs a digitally-minded currency in the future.
Final Thoughts: What is Jones’ prediction for crypto in the second half of 2022? Find out by listening to a new episode of the Early Bird podcast.
Notable Earnings Today: Bank of America (NYSE: BAC), International Business Machines (NYSE: IBM), Goldman Sachs Group (NYSE: GS), Charles Schwab (NYSE: SCHW), FB Financial (NYSE: FBK), Prologis (NYSE: PLD), ServisFirst Bancshares (NYSE: SFBS), Synchrony Financial (NYSE: SYF), Equity Lifestyle Properties (NYSE: ELS), Crossfirst Bankshares (Nasdaq: CFB), Nordea Bank ABp Sponsored Finland (OTCMKTS: NRDBY).
Notable IPOs Today: N/A.
Notable Equity Crowdfunding Campaigns Ending Today: Josh Terry BitVault (Wefunder), WeLa Lao (Honeycomb).
Notable Economic Events Today: TIC Net Long-Term Transactions (4:00 p.m. ET).
Boeing’s Air Force One Lessons
Boeing (NYSE: BA) has reportedly learned some lessons regarding its agreement for Air Force One.
Details: Ted Colbert, an executive with Boeing, made the comments on Sunday at the Farnborough air show but did not dive into specific details of learnings, according to Reuters.
Background: Boeing got a $3.9 billion Air Force One contract for two aircraft to be delivered in 2024. Since then, Boeing racked up $1 billion in charges and is up to three years behind schedule.
Numbers: Shares of Boeing are down 28% this year.
Final Thoughts: Boeing reports earnings on July 27. Monthly deliveries are up, which is a step in the right direction.
Equity Crowdfunding Spotlight: Urvin Finance
Briefly describe your business. Urvin Finance is building The Terminal - a fully-integrated social platform offering individual investors access to professional-quality data, tools, and education in a collaborative subscription-based community environment.
What are the terms of the investment for your campaign? We are raising a seed round - it is a priced round at a $25M pre-money valuation. We previously raised a pre-seed round through crowdfunding as well, raising $1.25M from about 1,350 investors. See Wefunder for more details.
What makes your startup special? Why will it succeed? We have an incredible community that has built up around us and that is extremely supportive of our efforts. We have the professional background to build the platform and deal with these datasets. We want to empower individual investors.
Trends to Watch
No Fear, or Common Sense: Many Investors Are Fleeing the Stock Market, but Some Are Doubling Down: ‘If I Lose $15,000, I’m Not Going to Die’ (The Wall Street Journal)
Ready to Exit: HSBC set to push back against Ping An breakup proposal (Reuters)
Will the Real Inflation Hedge Please Stand Up: Bitcoin’s Up, Gold’s Down, the Euro Is Dragging – and It’s All Inexorably Tied (CoinDesk)
A Perfect Storm: Could Bitcoin miners’ troubles trigger a ‘death spiral’ for BTC price? (Cointelegraph)
Hazard Time: A Goldman Legend, Crypto Star and Top Banker Warn of Next Big Risk (Bloomberg)
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