#16 - Wall Street is buying back stocks (again)
European countries to ban flights and train passengers from the UK - and bitcoin...
The consequences of the 2020 health crises will be very costly and the tax bill is coming to a town near you.
California’s Legislature is considering a wealth tax on residents, part-year residents, and any person who spends more than 60 days inside the state’s borders in a single year. Even those who move out of state would continue to be subject to the tax for a decade - a provision that calls to mind the Eagles’ famous “Hotel California” lyric: “You can check out any time you like, but you can never leave.”
Markets
Wall Street is once again buying back stocks for freshly printed US dollars.
Health
Following the decision by several European countries to ban flights and train passengers from the UK, both France and Germany have indicated that they are likely to follow suit with a similar ban as soon as Sunday, December 20.
Bitcoin
British fund manager Ruffer Investment Management last month made a bet on bitcoin now worth around 550 million pounds ($745 million), a spokesman for the company told Reuters, in one of the largest signals of rising institutional interest in the digital currency this year.
There is a new podcast series, Bitcoin Fundamentals, which is a collection of episodes hosted by Preston Pysh every Wednesday. The most recent episode is featuring Samson Mow who talks about the future growth of Bitcoin as well as some interesting background stories about forks, ETH and other cool stuff like bitcoin over satellite and gaming.
Bitcoin trading and on-chain review with Willy Woo is well worth listening to in my opinion he provides insights to the on-chain activity and what it potentially says about the future.
2021 crypto market outlook by Kraken provides some valuable insights to where the market might be going in the video below.
Select headlines this week:
FinCEN proposes enhanced AML rules for non-custodial wallets
"Bitcoin Should Be Worth About $400,000" - Guggenheim Investments CIO
Selective bitcoin related tweets:
This newsletter is for informational purposes only. Individuals and entities should not construe any such information as legal, tax, investment, financial, accounting or other advice. Nothing contained in this newsletter constitutes a recommendation or endorsement by the author to buy or sell bitcoin, cryptocurrencies, music rights or other financial instruments. #DYOR
Don’t trust. Verify.
À Bientôt