EddieJayonCrypto
22 Sep 23
If you are like me and pay attention to stock, you might want to pay attention to Microsoft. They are firing on all kinds of cylinders. Here is what is on my mind today.1. Microsoft seems to be playing many games and hitting it out of the park with each one. First you have a preliminary approval for...
If you are like me and pay attention to stock, you might want to pay attention to Microsoft. They are firing on all kinds of cylinders. Here is what is on my mind today.1. Microsoft seems to be playing many games and hitting it out of the park with each one. First you have a preliminary approval for the Activision Blizzard deal in the UK (a final ruling is expected on or before 10/18. Then you have them considering support for crypto wallets in their future hardware. To top it off they are rolling out Copilot in their desktop applications. I am not just paying attention to the stock itself, but also thinking about who else could come out to be a winner going forward. 2. I keep having conversations with people about not using Amazon so much. I get it, it is crazy convenient. However, if we keep giving them all of the business, we will eventually remove the competition ourselves and that is not a good thing. Sometimes I will search for products on other sites like Walmart. Walmart just did something crazy. They have entered the Roblox Metaverse and are doing something others are paying attention to. They are using the platform to reach kids and gently guide them to what they think could be the it toys. This is something I will be paying attention to as the holidays approach. I want to see what the impact is going forward. If it is even half as successful a move as I think it could be Walmart could be ushering in a new way to advertise and reach their customers where they are. 3. Here is a serious wow moment. With all of the heat coming down on the DeFi market, billionaire Tim Draper and Alon Goren launch Draper Goren Blockchain. The new crypto venture is meant to be an incubator for DeFi projects and more. In a market where regulatory concerns are at the highest levels this is a VERY bold move. We shall see how it pans out. I think it could do well and introduce some new players in the game. More importantly, I think they are a part of a series of bold moves I think are going to force US regulators to get clear on what it will take to be legal in this country. If not, I think we will continue hemorrhaging jobs and innovation. 4. Things are about to get real hot in the UK. The Financial Conduct Authority (FCA) has issued what they are calling the last warning to non-compliant entities in the digital asset space. Having watched this play out over the past couple of years, I think the FCA has been quite fair in how they have introduced regulation and informed of how they will approach enforcement. You are going to see a lot of companies fold or leave the country. I would be thinking if you couldn't cut it in-country after all of that hand-holding, you had better have a really good reason for me to do business with you. 5. In case you haven't heard, all that Mt. Gox Bitcoin is not hitting the market for at least another year. We are talking about $3.7B worth of Bitcoin, too. Imagine what could happen once it does hit the market. The wait is long after the halving event and could be long after the much anticipated approval of Bitcoin spot ETFs. The value of the Bitcoin could wind up being astronomical. It is going to be interesting to see that play out. 6. Binance and Changpeng Zhao (CZ) filed a motion to dismiss the lawsuit brought by the SEC. The SEC alleges that Binance sold cryptocurrencies that should have been registered as securities. Binance argues cryptocurrencies are not securities and ae not within the jurisdiction of the SEC. Binance also argues that the statute of limitations has expired on the SEC’s claim concerning Binance’s 2017 initial BNB offering. That last part is huge!