George Floyd Memorial Day

Two representative Chinese replies to that tweet: 

and, 

To wrap things up on a positive note below is a quick follow-up on a few of the Bitcoin-related names we mentioned here last week. 

Another Strong Day For Bitcoin Names

In a previous post (Wall Street Considers "The Flippening"), we mentioned that we had two Bitcoin-related names in our top ten on Friday. 

Despite the crypto crash, we still had a couple of crypto-related stocks in the top ten of our daily ranking on Friday, Riot Blockchain (RIOT), and Silvergate Capital (SI).

Screen capture via Portfolio Armor as of 5/21/2021.

In our follow-up post on Tuesday (Bitcoin's Plunge Protection Team), we mentioned that shares of RIOT were up 13.6% on Monday. They were up another 9.9% on Wednesday. As of Wednesday's close, they were up 21% since appearing in our top ten on Friday. 

Our other Bitcoin-related name from last Friday, Silvergate Capital, was up 7.19%. 

Finally, another Bitcoin-related name we mentioned last week (Ideas For Bitcoin Bulls), CleanSpark (CLSK), was up 11.9% Wednesday. 

Given the crazy crypto volatility recently, we continue to recommend investors long these names consider hedging them. You can use our website or our iPhone app to find optimal hedges on each of these names. 

1 2
View single page >> |

Disclaimer: The Portfolio Armor system is a potentially useful tool but like all tools, it is not designed to replace the services of a licensed financial advisor or your own independent ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Flat Broke 2 months ago Member's comment

What does #GeorgeFloyd have to do with #Bitcoin?

Seeking Alpha Reader 2 months ago Member's comment

Not much, except had he used bitcoin instead of a counterfeit bill, he'd still be alive and committing crimes.

Susan Miller 2 months ago Member's comment

This is a friendly place. I don't think such callous statements are welcome here. Clearly the author is simply covering two topics in the same article.

Bindi Dhaduk 2 months ago Member's comment

This picture of George is heartbreaking..... so crazy what happened.

Seeking Alpha Reader 2 months ago Member's comment

What's crazy is that Fentanyl Floyd could have avoided the entire thing if he had just bothered to get a real $20. If he had been a law abiding citizen, he'd be just fine.

Duanne Johnson 2 months ago Member's comment

Harsh man. No one deserves to die over $20.