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Cryptocurrency Investing: 4 Things Impacting Crypto Markets
What potentially impacts cryptocurrency markets? Roger Bryan, Digital Currency Index founder and cryptocurrency investing expert, discusses the four things that currently impact crypto markets and why it matters for cryptocurrency investors.
Included in the video are highlights of six popular coins, including Bitcoin and Ethereum with up-to-date insights and news. In addition, learn more about Facebook’s new cryptocurrency project and what to expect from the Facebook marketplace in months to come.
Roger Bryan is the founder of Digital Currency Index, a cryptocurrency investing expert and leading advocate of blockchain technology.
Roger Bryan is not an employee of Equity Trust Company. Any opinions or ideas expressed by Mr. Bryan are not necessarily those of Equity Trust Company nor do they reflect their views or endorsement. These materials are for informational purposes only. Equity Trust Company, and its affiliates, representatives and officers do not provide legal or tax advice. Investing involves risk, including possible loss of principal.
Prior to making any investment decisions, please consult with the appropriate legal, tax, and/or investment professionals for advice. As a self-directed IRA custodian, Equity Trust Company will not provide investment advice or risk assessment of any investment. The digital currency market may experience a high degree of volatility and clients should consult with an investment professional before any investment is made.
Hello everybody and welcome to the Roger Report Public Edition for March 2019. Each month, we like to dive into four different elements of this industry.
The first one is the macroeconomic view. When we start thinking about macroeconomic, we can start to look at the earning season, which has been a little bit lackluster this quarter. We’re also looking at some cracks in the macroeconomic environment that shows a potential for recession at the end of 2019 or early 2020. The length of that recession is really unknown.
Now, what are some of those indicators that we’re looking at? A big part of that is a shakeup in the auto industry where retail sales seem to be down about 25 percent, which is having reverberations through a lot of different parts of the economy.
People are looking at this from a consumer sentiment perspective, but they’re also looking at it from an increasing interest rate perspective. You have to balance that against the terms in which car loans are happening right now have been extended from those four and five years to six and seven even.
So, people are being forced to keep their cars longer based on the debt that they’ve acquired with that.
Which leads to the last part of that potential downturn in the economy being a debt balloon that’s happening to cause multiple sectors again from consumer debt to mortgage debt, in relation to mortgage interest rates of cooling in the housing market.
Economy’s bright spots
I don’t want to sound all doom and gloom because there are some bright opportunities. And there’s some shining lights in the economy or opportunities to buy the tech sector. A lot of these plays getting beaten down with poor outlook are really trying to find a point of rebalancing in order to find forward momentum again in the future. That can sometimes create opportunity.
It’s always good to be looking at your overall portfolio, looking at the macroeconomic environment, and your plays in different sectors to make sure that you’re well balanced.
Now, when we talk about a well-balanced portfolio, we look at are you one of the 8 percent of Americans that own cryptocurrency? If you are, we’re going to dive into the three factors that we’re watching that we believe will create forward momentum for Bitcoin and some of the other associated coins that are out there.
Those three factors which we cover every month are regulation, ETF’s, and security tokens. We view those as the biggest opportunity for improvement in the overall market. So, let’s go through those.