Core Viewpoint - The article highlights the expertise of James Foord, an economist with a decade of experience in analyzing global markets, and his leadership role in The Pragmatic Investor, which focuses on building diversified investment portfolios to preserve and increase wealth [1]. Group 1: Company Overview - The Pragmatic Investor is an investing group that covers various sectors including global macro, international equities, commodities, technology, and cryptocurrencies [1]. - The group aims to guide investors of all levels through features such as a dedicated portfolio, weekly market updates, actionable trades, technical analysis, and a chat room for discussions [1]. Group 2: Market Focus - The focus areas of The Pragmatic Investor include macroeconomic trends, equity markets, commodity prices, technological advancements, and the evolving landscape of cryptocurrencies [1].

Core Viewpoint - Gold prices declined during the early Asian trading session, influenced by the selloff in cryptocurrencies, particularly bitcoin [1] Group 1 - The decline in gold prices is attributed to market dynamics stemming from the cryptocurrency sector [1]

Market Overview - Bitcoin (BTC) has fallen to approximately $67,000, marking its lowest level since October 2024, and is down over 45% from its all-time high [1][4] - The decline has erased all gains made during President Trump's second term, despite initial optimism regarding crypto-friendly policies [1] Bear Market Dynamics - 10X Research notes that Bitcoin remains in a larger bear-market structure, with elevated downside risks due to a lack of strong catalysts and stretched positioning [2] - A significant overhang exists with Bitcoin ETF holders, who are underwater with an average acquisition price near $90,000 [2] Ethereum Market Conditions - Ethereum (ETH) ETFs are experiencing similar challenges, with investors down approximately 31% based on their average cost basis [3] - The difficulty in attracting new allocations from Wall Street investors is increasing, as many current holders regret not reducing their exposure at higher price levels [3] Regulatory Environment - The decline in Bitcoin's price was exacerbated by comments from Treasury Secretary Scott Bessent, who stated that the US government does not have the authority to bail out cryptocurrencies [4] - This statement came during a House Financial Services Committee hearing, contributing to the negative sentiment in the market [4] Broader Market Influences - The overall market selling pressure has intensified, influenced by a warning from investor Michael Burry about a potential "death spiral" for Bitcoin, which he views as a speculative asset rather than a hedge against debasement like gold [5] - Year-to-date, Bitcoin is down roughly 22%, with intensified selling following the nomination of Kevin Warsh as the next Fed chair, perceived as a hawkish move for cryptocurrencies [6]

Cryptocurrencies have become a valuable asset, with Bitcoin (CRYPTO: BTC) almost doubling over the past five years. ...

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Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in the context of investments in complex instruments like cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for investment actions [1]. - The accuracy and reliability of the information are not guaranteed, and users are cautioned against relying solely on the content provided [1]. Group 2 - The website includes information about cryptocurrencies, CFDs, and other financial instruments, highlighting their complexity and high risk of losing money [1]. - Users are encouraged to conduct their own research and fully understand the risks involved before investing in any financial instruments [1].

Group 1 - Advanced Micro Devices (AMD) experienced a significant decline of 17% following a first-quarter forecast that did not meet analysts' expectations [1] - Other technology companies such as Broadcom and Micron Technology also faced losses, with Broadcom down approximately 3.8% and Micron Technology dropping 9.5% [1] - The overall trend in the Asia-Pacific markets was negative, largely influenced by a tech sell-off in Wall Street [1] Group 2 - Bitcoin saw a decline of over 3%, trading just above the $73,000 level after previously falling below that mark [2]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in the context of investments in complex instruments like cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for investment actions [1]. - The accuracy and reliability of the information are not guaranteed, and users are cautioned against relying solely on the content provided [1]. Group 2 - The website includes information about cryptocurrencies, CFDs, and other financial instruments, highlighting their complexity and associated high risks [1]. - Users are encouraged to conduct their own research and fully understand the workings and risks of any financial instruments before investing [1].

“The Big Short” investor Michael Burry has often been critical of cryptocurrencies. For someone who correctly predicted the 2008 housing crisis and the 2000 dot-com bubble, his words often carry weight in market commentary. Burry is sounding the alarm on Bitcoin (BTC), once again, after the weekend's crypto market crash saw billions getting wiped out, and cryptocurrencies fell to new lows. Related: Bitcoin crashes below $80K again as investors panic Burry sees ‘sickening scenarios’ In a Substack post ...

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in relation to investments in cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for investment actions [1]. - The accuracy and reliability of the information are not guaranteed, and users are cautioned against relying solely on the content provided [1]. Group 2 - The website discusses the complexities and high risks associated with cryptocurrencies and CFDs, highlighting the potential for significant financial loss [1]. - It encourages users to conduct their own research and fully understand the instruments and risks involved before making investment decisions [1].