Republic Of The Savior

For an acknowledgement that El Salvador is now a poster boy for Bitcoin, see Balaji Srinivasan's tweet below, 

Or Joe Wiesenthal's, 

The challenge for Bitcoin enthusiasts is that El Salvador is, well, El Salvador. Salvadoran immigrants have struggled in the U.S., as Jason DeParle noted in a dispiriting New York Times article ("Struggling to Rise in Suburbs Where Failing Means Fitting In"). One might hope El Salvador's embrace of Bitcoin will attract talented immigrants to El Salvador, but that hope should be tempered by the knowledge that El Salvador has the highest homicide rate in the world. 

The Bitcoin Bounce's Impact On Our Stocks 

As we've mentioned before (most recently in Wendy's: Where's The Beef?), the recent slide in Bitcoin facilitated the resurgence of meme stocks like AMC Entertainment Holdings (AMC) and The Wendy's Company (WEN). The bounce in Bitcoin on Wednesday had the opposite effect, with both of those stocks dropping by double digits. For our system's top names, the spike in Bitcoin-related stocks has offset the drop in meme stocks so far. For example, these were our top ten names on Tuesday. 

Screen capture via Portfolio Armor on 6/8/2021.

Contra our prediction that Wendy's had more room to run, it dropped 12.68% on Wednesday. But the two Bitcoin miners in our top ten Tuesday, Riot Blockchain (RIOT) and Marathon Digital Holdings (MARA) were up double digits.   

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William K. 1 month ago Member's comment

Quite an interesting article, Thanks!

One unmentioned fact is that water vapor has a tendency to suddenly condense into water droplets. This can be an inconvenience but seldom a disaster. It does remove the heat trapping properties, though. In addition, the condensed water vapor has a very large number of uses. Perhaps some can benefit from it.