Last Wednesday's update, "Long Weekend Ahead," discussed the advantage of having a separate account in which to hold Bitcoin. Over this New Year's weekend Bitcoin surged as high as 30%, and as a result our Bitcoin plays GBTC and MSTR both gapped up this morning, 12% and 10% respectively. That Dec 30th update has links in it to a couple of the popular Bitcoin platforms with quick and easy set-ups for accounts. The year of 2021 will have its surprises and it's leading off with a cryptocurrency frenzy. One emerging surprise is Ethereum, second in cryptocurrency market capitalization to Bitcoin (about 1/5 its market cap). Ethereum was up even more than Bitcoin this weekend, as much as +40% into this morning. During the past 12 months Ethereum is up about 700%, same as Bitcoin, same as TSLA. Grayscale has an Ethereum trust that trades much the same as GBTC, albeit with a much higher premium over net asset value. It's symbol is ETHE and because of its steep premium (+100%) is a more speculative hold than GBTC. We will be watching for a good entry in the days ahead. Bottom line: Something explosive is happening in the cryptocurrency sector and traders/investors have an early opportunity to participate. For 2021, cryptocurrencies, leading off with Bitcoin and Ethereum, is either going to be a house of cards, or another rocket like TSLA was in 2020. As the year begins, it's looking like the latter. A warm welcome to 2021...Let's OWN it.
