Crypto Briefing 12/21/21 - The Forecast

Crypto Briefing 12/21/21

Crypto Briefing 12/21/21

Bitcoin is beginning to climb back up again as per our forecast, and we believe that it will continue to be coupled to the stock market for the next few months. While many people believe Bitcoin is now in a bear market, we firmly believe that Bitcoin will continue to trend higher into Q1. While we do believe the stock market will remain supported into the beginning of 2022, the Omicron variant does pose a systemic risk to all markets over the next few weeks.

One of our favorite cryptos, Hedera Hashgraph, has seen a number of major developments leading us to believe that smart money is positioning itself in this asset. An example of this can be seen in billionaire business mogul Kevin O’Leary, who may have some exposure to Hedera Hashgraph. Earlier this year, Kevin O’Leary began investing into immutable holdings, whose CEO Jordan Fried, was a founding member of Hedera Hashgraph.
Immutable Holdings currently owns the domain to NFT.com and many have speculated that this platform will be built on Hedera Hashgraph, as it has some of the lowest fees in the industry. Immutable Holdings is trying to position itself to become the Berkshire Hathaway of blockchain, and as a result they are investing in some of the biggest trophies within the crypto industry.
Despite not being listed on the NYSE, immutable holdings (HOLD) can be purchased on NEO, a Canadian exchange. This is a smaller company with only $100 million under management, but with Kevin O’leary’s involvement and their ambitious goal, we believe that they will succeed. This also represents a more conservative option when compared to investing into an individual chain, as you would only be investing in the companies that are using these networks.