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Top Stock Searches This Month
Consider today’s edition of The Juice “numbers that’ll blow your mind.”
Taken together, these graphs show just how expensive housing has become in the US:
However, don’t get too excited about opportunities closer to the $250,000 range.
Because these numbers might even blow Cosmo Kramer’s mind.
Look at how many fewer homes sell for $500,000 or less this year compared to last. And how many more sell for half a million bucks or more.
These numbers paint a picture of (un)affordability that, according to an even more mind-blowing report The Juice will tell you about this Wednesday, is about to get even worse.
So keep your eyes on your inbox for that email from us. Like you do everyday, Costanza.
For now, scroll with us for more mind-blowing data, leading with the latest on Tesla (TSLA).
Tesla: The El Salvador Of The Stock Market?
In May, The Juice told you how much money the country of El Salvador had lost – on-paper – on its Bitcoin (BTC) investment. Approximately $40 million.
Fast forward to late July and we have an update, courtesy of an awesome website that tracks El Salvador’s Bitcoin purchases. It’s called the Nayib Bukele portfolio tracker. Named after the nation’s President and Bitcoin enthusiast.
Depending on your perspective, Bukele is either recklessly insane or an inspiring genius. Because that last green dot – from July 1st – shows he’s doubling down.
El Salvador purchased 80 more Bitcoin at the beginning of the month, bringing its total to 2,381 Bitcoin.
On that most recent trade, El Salvador is actually up roughly 20%. However, its entire Bitcoin portfolio has shedded – on paper – around half of its value.
Mind-blowing number alert: El Salvador is sitting on roughly $53 million in Bitcoin losses.
What Do Elon Musk And Nayib Bukele Have In Common?
Not much. For starters, Bukele only has one kid. And Elon isn’t doubling down on Bitcoin. At least not at Tesla.
When it reported earnings last week, Tesla told us it sold 75% of its stake in Bitcoin. According to an analyst at Barclays, the move will cost Elon Musk and company $460 million.
That’s pretty mind-blowing.
On the positive and equally as mind-blowing side:
When you compare negative to positive mind-blowing numbers from Tesla, The Juice thinks Elon deserves a pass.
Plus, neither El Salvador or Elon ain’t got nothing (pardon our slang) on Microstrategy (MSTR) CEO Michael Saylor.
In terms of the companies’ stocks, Elon wins again!
Source: Google Finance
The Bottom Line: As to the more important question of what you should do with Bitcoin, some food for thought.
Investment firm BTIG has a buy rating on Microstrategy. It thinks the stock will hit $950 by the end of 2024, on the back of Bitcoin rallying to $95,000.
If this were to happen, Microstrategy’s present Bitcoin position would be worth $12,255,000,000. That’s $12.255 billion. Obviously, this doesn’t include any future buys.
So Microstrategy and BTIG are super bullish on Bitcoin. More so than El Salvador. And seemingly way more so than Elon Musk.
Here’s a novel idea: moderation.
Meet these fine entities in the middle.
If you’re bullish Bitcoin, maybe think of the number you’re most comfortable investing when you feel the time is right. Take half of that number and buy some Bitcoin. Keep the other half on the sideline and part with it only if you remain comfortable in your conviction and Bitcoin’s trajectory.
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