“You have a new technology that people are trying to understand and not fully understand,” Jacob, also president of Jacob Funds, said in an interview Monday. However, there is a big difference between the two.
“Cryptocurrency does not really lead the stock market today. The Internet ran the stock market in the late 1990s. We may get to this point, but we are not there yet, “he said.
Jacob, whose funds are looking for companies with innovative technology and wide investment trenches, says his approach to cryptography has the same balance as his outlook on Chinese Internet stocks in the early 2000s, which were considered risky at the time. “We know we want exposure, but we also want to be very careful about how much risk we put into portfolios,” he said.
One piece he likes is Voyager Digital VYGR,
VYGVF,
a top holding company in both the Internet Fund and the Jacob Discovery Fund JMCGX,
It is a small Canadian cryptocurrency broker with robust technology and an impressive management team. Its co-founder and CEO, Steve Ehrlich, is a former e-commerce executive, while his co-founder Oscar Salazar was the founding architect and chief technology officer of the Uber UBER technology group.
Over 2,000% in 2021, Voyager shares have gained 382% so far this year.
Another stake in these Jacob funds is Silvergate Capital SI,
a specialized bank focused on the digital currency business.
It is a “traditional bank that has decided that the cryptocurrency market needs an exchange network that can manage an asset 24/7,” said Jacob. The bank is known for the Silvergate Exchange Network, an instant settlement network. As the existing financial system has been slow on this front, it leaves smaller and more agile players more able to meet what is needed now. So far, shares have increased by 68% this year, after an increase of 367% in 2020.
Cryptos is a “dangerous playground where you can definitely play … but it is also an area where there are interesting companies that will benefit greatly from this and should be present for a long time. time or possibly purchased, ”said Jacob.
Tracking earnings and crypts
ES00 futures,
YM00,
NQ00,
are under pressure after technology-based Nasdaq COMP since Monday,
selloff. Stocks in Tokyo NIK,
decreased by 2% due to the increase in COVID-19 cases. Elsewhere, bitcoin BTCUSD,
continues south, but the DOGEUSD dogecoin,
is growing on “Doge’s Day” – a poorly organized effort to push the $ 1 cryptocurrency that started as a joke.
Pharmaceutical giant Johnson & Johnson JNJ,
and cigarette maker Philip Morris PM,
will report earnings before opening with streaming giant Netflix NFLX,
the big poster head after closing.
Read: The different effects of pandemic gains will be displayed with technology reports from airlines
Shares of IBM international business machines,
climbs before opening, after the tech giant exceeded Wall Street estimates and forecast a return to pre-COVID-19 growth levels.
Shares of United Airlines UAL,
they fell after losing more than $ 1.3 billion earlier this year, missing Wall Street forecasts, but the airline has promised new international routes to countries open to travelers. I mean, if I can find it, because the State Department is now warning Americans not to visit 80% of the world because of the risks of COVID-19. India has just put its capital under closure for a week amid growing cases.
Canadian National NIC,
confirmed a $ 33.7 billion cash and stock offer to buy rival Kansas City Southern KSU Railroad,
A tweet from Tesla TSLA,
Executive director Elon Musk appears to be increasing the shares of the late-market electric car maker. “Data logs recovered so far show that autopilot has not been activated and this car has not purchased FSD [Full Self-Driving], ” he said on Twitter TWTR,
Elsewhere, an article in China’s state-run Xinhua News Agency said Tesla needs to do more to gain consumer confidence after a customer protested at a car show on Monday.
In what appears to be a gain for cannabis companies, the House of Representatives has adopted a measure that facilitates access to financial services for cannabis-related businesses.
Apple AAPL,
will host a virtual event on Tuesday – “Spring Loaded”. Analysts expect the technology giant to launch newer and faster iPads. See also MarketWatch’s new quarterly review of Apple’s core values.
Random readings
After questioning COVID-19, rocker Ted Nugent says he has it.
Tyrannosaurs were able to hunt in packs like wolves, they discovered new research.
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