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Half Of Goldman’s Ultra Wealthy Clients Will Be Adding Crypto To Their Portfolio

Half Of Goldman’s Ultra Wealthy Clients Will Be Adding Crypto To Their Portfolio

A recent analysis by CapGemini found that there are now a record 21 million millionaires in the world who hold a total $80 trillion in wealth among them. The…

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Half Of Goldman's Ultra Wealthy Clients Will Be Adding Crypto To Their Portfolio

A recent analysis by CapGemini found that there are now a record 21 million millionaires in the world who hold a total $80 trillion in wealth among them. The number of millionaires grew by 7.6% in just the last year alone, despite - or rather thanks to - the coronavirus pandemic.

Some have said that if each of these high net worth individuals were to buy and hold just one bitcoin, there would be no more bitcoins in circulation. Of course, that can't possibly happen: we know that a handful of whale hold the vast majority of bitcoins. So much so that according to JPMorgan just 5% of the roughly 18.7 million bitcoin currently in circulation have actually changed hands in the past year, meaning that millions of bitcoin are held by a handful of accounts.

Naturally, we don't expect every millionaire in the world to want to own bitcoin... but many of those who don't currently will want some exposure. That's what Goldman Sachs found recently when a survey among its family office clients (read very reach clients) want to add digital currencies to their stable of investments.

Goldman found that just 15% of of the respondents in the survey — which polled more than 150 family offices worldwide — are already invested in cryptocurrencies (which is almost identical to how many Americans in total own crypto according to a recent survey released from Gemini.) But what is remarkable is that another 45% would be interested in diving into the space as a hedge for “higher inflation, prolonged low rates, and other macroeconomic developments following a year of unprecedented global monetary and fiscal stimulus."

Unlike hedge funds, family offices which manage the net worth of single individuals and/or their closest friends and family, are unregulated and have no obligations to diclose their holdings, something which Credit Suisse and Nomura learned the very hard way after the Archegos collapse. It also shows that while many hedge funds are loathe to admit they have an interest in buying cryptos - perhaps due to fears of spooking some of their more conservative LPs - family funds have no such qualms and are preparing to unleash a buying wave the likes of which the world has never before seen and will eclipse any retail buying interest observed in the past.

And yes: we are talking size - of the firms that participated in the survey, 22% had assets under management of $5 billion or more, and 45% oversaw $1 billion to $4.9 billion. In other words, two-thirds of family offices manage more than $1 billion and if just a half of these funds allocated a few basis points to bitcoin and ethereum which would amount to hundreds of billions in new capital... well, the sky's the limit.

According to Bloomberg, respondents in the survey also indicated interest investing in the “digital asset ecosystem.” The majority of families want to talk to us “about blockchain and digital ledger technology,” said Goldman's Meena Flynn, who helps lead private wealth management for the vampire squid which has been aggressively growing into the bitcoin space. There are many who think that “this technology is going to be as impactful as the internet has been from an efficiency and productivity perspective."

In other words, they are not only richer but far smarter than Paul Krugman, who of course hates bitcoin, calling it a "natural ponzi scheme."

Family offices have proliferated this century, partly due to the boom in tech billionaires. According to Bloomberg, more than 10,000 family offices globally manage the wealth of a single family, with at least half having started this century, according to EY. A 2019 estimate by researcher Campden Wealth valued family office assets at almost $6 trillion globally, larger than the entire hedge fund industry.

The firms vary markedly in size. Some manage hundreds of millions of dollars, while others oversee the fortunes of multi-billionaires such as Sergey Brin and Jeff Bezos. Many choose obscure names to operate out of the public eye. Alphabet Inc. founder Brin’s family office, Bayshore Global Management, gets its name from the location of the company’s headquarters. Charles and David Koch named theirs after the year their grandfather emigrated to America: 1888.

They’ve also surged in number across Asia following booming fortunes of the region’s ultra-wealthy, with China’s Jack Ma and real estate billionaire Wu Yajun both establishing their own family offices in the past decade. Meantime, members of the ultra-wealthy based outside Asia including Bridgewater Associates founder Ray Dalio are increasingly setting up branches of their family offices in the area.

Tyler Durden Wed, 07/21/2021 - 13:00

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Hot Robinhood Penny Stocks For Your Watchlist in 2021

Robinhood penny stocks are in focus right now; here’s 3 to watch
The post Hot Robinhood Penny Stocks For Your Watchlist in 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Are These Penny Stocks on Robinhood Worth Buying This Month?

Following the HOOD IPO, penny stocks on Robinhood are once again gaining traction. While HOOD stock going public is not in itself a major catalyst for penny stocks, the momentum that it has seen since then has renewed interest in the stock market overall. In the past few months, trading has been undeniably slower than usual. This is the result of major uncertainty regarding the direction of the pandemic and the development of the Delta variant into the most transmissible strain of Covid out there. 

And while many investors thought that we were making our way out of the woods, the new variant seemed to take that progress to a screeching halt. So, in August, momentum has been better so far than in previous months. However, increasing case numbers in the U.S. are bringing that uncertainty back to front and center. 

[Read More] Are These Penny Stocks on Your List of Small-Caps to Watch?

So as prudent penny stocks investors, our most important job is to stay ahead and use these factors to our advantage. Because, with different events comes higher speculation and therefore more room for price movement. As a result, there is a lot of money to be made with penny stocks right now. Considering all of this, let’s take a look at three penny stocks on Robinhood for your watchlist right now.

3 Robinhood Penny Stocks to Watch Right Now 

  1. Alterity Therapeutics Ltd. (NASDAQ: ATHE
  2. Bit Brother Ltd. (NASDAQ: BTB
  3. OneSmart International Education Group Ltd. (NYSE: ONE

Alterity Therapeutics Ltd. (NASDAQ: ATHE) 

Up by a solid 15% or so by EOD are shares of ATHE stock. In the past five days, that number jumps to over 20%, which is quite a solid gain to consider. So, why the major bullish momentum for a penny stock that was relatively unknown only a few weeks ago? Well, to understand this we have to take a closer look. 

Today’s momentum alone comes from the announcement of a new U.S. patent for a group of iron chaperones that can redistribute iron in the body. This can be put to use for neurodegenerative conditions such as Alzheimer’s and Parkinson’s. The patent it was awarded is known as “Compounds for and Methods of Treating Diseases” and includes over 80 new compounds. 

“As the scientific evidence implicating excess brain iron in neurodegeneration accumulates, our in-house research team continues to discover novel compounds that address this important target. The structural backbone illustrated in this new patent provides a larger foundation for small molecule drug candidates to attack this source of neuropathology.”

CEO of Alterity, David Stamler, M.D.

This major news for the company could help it to get new drugs through the various stages of the pipeline. And with over $28 million in cash as of June 30th 2021, Alterity looks well funded and could be worth adding to your watchlist. 

Bit Brother Ltd. (NASDAQ: BTB) 

Another decent gainer of the day is Bit Brother Ltd., pushing up by almost 10% by EOD. YTD, shares of BTB stock are down by quite a bit, however, we do see infrequent bursts with BTB on occasion. It is hard to place Bit Brother in one category as it works in both the distribution of specialty tea products and more recently, on blockchain and cryptocurrency mining.

[Read More] 3 Tech Penny Stocks To Watch In August 2021

In addition, the company added the Hunan Bit Brother Holding Ltd. subsidiary to its operations to begin developing blockchain based software and tech products. Two weeks ago, Bit Brother announced the closing of a $22.5 million registered direct offering. This includes 15 million ordinary shares at a price of $1.50 per share. 

And only a few weeks before that, it announced the acquisition of the century old, Angelo’s Pizza 1697 Inc. Angelo’s Pizza is working to move into international markets such as Canada, Asia, Australia and New Zealand.

“With Bit Brother’s experience in the catering industry, and Angelo’s Pizza’s rich history, we believe this opportunity will bring growth to all parties involved. Along with our plans to expand a restaurant with decades of success to have a global reach, we will be able to continue to grow our Bitcoin payment business.” 

Mr. Xianlong Wu, the CEO of Bit Brother

All of this news does seem to paint Bit Brother as a rather fragmented company. And while it does see certain short term gains, investors should consider how speculative BTB stock is before moving any further.  

Penny_Stocks_to_Watch_Bit Brother Ltd. (BTB Stock Chart)

OneSmart International Education Group Ltd. (NYSE: ONE) 

Arguably one of the largest gainers today is ONE stock, shooting up by over 65% at EOD. In the past six months, shares of ONE have declined by over 75%, which makes investors beg the question as to why it made such a large stride today. 

Today, OneSmart made a sobering announcement that it received a letter from the NYSE, indicating its lack of compliance with its trading price. To be listed on the NYSE, a stock has to meet the minimum bid requirement of $1. While this doesn’t fully explain today’s gain, news can result in spikes or drops in price. This news also comes only a few week ahead of OneSmart’s planned annual meeting on August 30th of this year. 

For some context, OneSmart provides after-school education services in China with a focus on technology. We have seen a lot of momentum in the ed-tech market recently, as kids go back to school. In its business model are offerings such as OneSmart VIP, HappyMath and FasTrack English. And with over 450 learning centers in China, there’s no doubting how broad of a reach OneSmart International has. Considering its speculative gain today, investors may want to do some more research before investing in ONE stock. 

Penny_Stocks_to_Watch_OneSmart International Education Group Ltd. (ONE Stock Chart)

Which Robinhood Penny Stocks Are You Watching Right Now?

Finding the best penny stocks to buy is all about understanding where the stock market is headed. With so many factors occurring simultaneously, it can be difficult to keep up with the trajectory of certain industries.

[Read More] 4 Top Reddit Stocks To Watch As Robinhood (HOOD) Stock Breaks $80

However, if we use all of the investment tools at our disposal, making a proper penny stocks watchlist could become a profitable endeavor. Considering all of this, which Robinhood penny stocks are you watching right now?

The post Hot Robinhood Penny Stocks For Your Watchlist in 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 Tech Penny Stocks To Watch In August 2021

Tech penny stocks continue to attract attention; here’s 3 for your watchlist
The post 3 Tech Penny Stocks To Watch In August 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Hot Tech Penny Stocks to Watch in August 2021

This year tech penny stocks have become some of the most popular small-caps for investors to buy. And, there are plenty of good reasons for this. During the most recent earnings season, most of the big-name blue-chip tech stocks blew the expectations out of the water. While some fear that this could be a peak, others believe tech is just getting started. 

In the second quarter of this year, the U.S. GDP shot up by around 6.5%, indicating that expansion is well underway following the onset of the pandemic. Right now we have to consider the effects of the Delta variant on a reopening economy. In line with this, investors should understand what this means for penny stocks across the board. With the tech industry, investors remain bullish on the potential impact of the pandemic. 

[Read More] 4 Top Reddit Stocks To Watch As Robinhood (HOOD) Stock Breaks $80

As we saw early on in the course of Covid, many tech stocks were able to benefit greatly. The increased need for new tech products and better work-from-home/educate-from-home offerings created a highly bullish environment for the tech industry. With strong confidence in the future of the stock market, here are three tech penny stocks to know about in August. 

Tech Penny Stocks To Watch For August 2021 

  1. Alpha Esports Tech (CSE: ALPA) (OTC: APETF
  2. Sonim Technologies Inc. (NASDAQ: SONM)
  3. Bitfarms Ltd. (NASDAQ: BITF)

Alpha Esports Tech (CSE: ALPA) (OTC: APETF) 

During the course of the pandemic, people have searched for new methods to entertain themselves from home. And while video games have remained highly popular, competitive gaming or Esports is something that has only started to pick up momentum in the past five years or so. 

While Covid highlighted several industries for their temporary contributions to the pandemic-stricken economy, other industries used it as a launching point. One of those industries is Esports. It’s worth noting that the momentum around this unique sector has only just begun to pick up in the past few years, indicating that there could be plenty of potential left to take advantage of. Alpha Esports Tech has begun to turn some heads this year. 

From its GamerzArena platform to its active userbase, Alpha Esports has focused on taking advantage of this new wave of interest in Esports. Rather than focusing on one specific area of the market, the company has broadened its reach with a multi-pronged approach to the industry. Looking at the company, we can break it down into three separate propositions: esports, mobile gaming, and eCommerce. While they all are different, these three business opportunities present different value points for investors to take a closer look at. 

Overall, Alpha Esports’ focus is on bringing together the gaming community onto its unique GamerzArena platform. The GamerzArena allows players to come together for community competitions, tournaments, and daily prizes. In addition, Alpha Esports has already succeeded in monetizing this product with its GamerzArena+ subscriber-based model. At $12.99 per month, gamers have access to better prizes, unique events, and all the gaming analytics one could ask for.

[Read More] Alpha Esports Announces Expansion into Brazil; Signs Launch Partnership with Mais Esports, Brazil’s Largest Esports Media Company

Alpha Esports has managed to build a gamer community that thrives on the success of its players. And, it works with its gamers to help them succeed in the long run. Case and point, Devlin D’Zmura, the Social Media Manager & Content Producer at Barstool stated that the GamerzArena “exceeded our expectations across the board. The level of personal and interactive content it provides us for our community is invaluable!” 

From a fiscal perspective, Alpha Esports is also putting itself ahead of the game. The company expects to have more than 500,000 users by the 4th quarter of this year alone. And if we look at the Market Insight Report for the global esports betting market, we see a CAGR of over 13% to $13.05 billion by the year 2025. Considering this, do you think it’s worth adding to your watchlist?

Sonim Technologies Inc. (NASDAQ: SONM) 

Up by a solid 6% or so by midday are shares of SONM stock. If you’re unfamiliar, Sonim Technologies is a U.S. provider of mobile tech solutions aimed at the ultra-rugged market. Its products are in use in fields such as onsite maintenance and those in harsh environment roles. 

[Read More] 4 Hot Penny Stocks to Watch With High Volume in August

The lineup of offerings that Sonim has includes rugged phones, industrial accessories, and a variety of applications for use on these platforms. A few weeks ago, Sonim announced an exciting partnership with 4K Solutions. This partnership will oversee the launch of the Mobile Broadband Kit Elite or MBK-Elite, which is designed to support the Sonim Xp8 ultra-rugged Android handset. 

“We are excited to team up with 4K Solutions to offer a complete critical communications solution that can be tailored to each customer’s demanding requirements. Combining Sonim’s expertise in rugged smartphones with 4K Solutions expertise with mobile broadband kits is a win-win for customers needing a rapid-deployment solution for emergency response.” 

The CMO of Sonim Technologies, John Graff

Since mid-July, shares of SONM stock have climbed by over 10%. And with its constant innovation, Sonim Technologies could be worth keeping an eye on in the near future.

Sonim Technologies (SONM Stock Chart)

Bitfarms Ltd. (NASDAQ: BITF) 

Over the past month, shares of BITF stock have climbed by over 18% and YTD by over 140%. This staggering rise is a reflection of both Bitfarms’ work and the rise in Bitcoin popularity during that time. For some context, Bitfarms is a vertically integrated Bitcoin mining company. It operates onsite technical repair, data analytics, engineering and installation services and high hash-rate Bitcoin mining. While it was only listed on the NASDAQ in June of this year, Bitfarms has received a great deal of attention since that time. 

If you follow the crypto industry, you likely know that one of the main issues is the extreme use of energy required to mine cryptocurrency. To combat this, Bitfarms states that over 99% of its operations utilize hydropower. This is a big deal in the blockchain industry and something that companies are just now beginning to move toward. It’s worth noting that BITF stock is not technically a penny stock at just over $5 per share. However, it was only a few days ago prior to its recent climb. And, its solid rise in that time frame could be due to its positive outlook on the near future. 

The company stated that in the first six months of 2021, it was able to mine 1,357 Bitcoin. This is the largest number of Bitcoin mined in North America for any publicly traded mining company. At the August 4th BTC price of just under $40,000, this number amounts to $53,354,526. In June alone, Bitfarms mined 265 new Bitcoin, which was a record for the company at the time. So, with the popularity of cryptocurrency only continuing to rise, is BITF a welcome addition to your penny stocks watchlist or not?

Penny_Stocks_to_Watch_Bitfarms Ltd. (BITF Stock Chart)

Tech Penny Stocks Are Ripe With Potential 

Over the past year and a half, the tech industry has grown substantially. And while blue-chip tech stocks like AAPL stock and TSLA stock are always in focus, this massive industry growth has put a spotlight on tech penny stocks as well. 

[Read More] This Biotech Stock was Once a Penny Stock but is Now Making Big Moves on the Nasdaq!

With hundreds of choices from Esports to blockchain penny stocks, the potential for profitability is almost unlimited. But as always, investors should do their research into any and every company on their watchlists. This will help to ensure the best chance of making money with penny stocks. Considering this, which tech stocks are on your watchlist right now?

education technology penny stocks to buy edtech

Pursuant to an agreement between Midam Ventures LLC and Alpha Tech INC Midam has been paid $300,000 for a period from February 12, 2021, to April 2, 2021. We may buy or sell additional shares of Alpha Tech INC in the open market at any time, including before, during, or after the Website and Information, to provide public dissemination of favorable Information about Alpha Tech INC. Now extended from 6/30/2021 to October 29, 2021 & no additional compensation of any kind has been received by MIDAM. Click Here For Full Disclaimer.

The post 3 Tech Penny Stocks To Watch In August 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Are These Penny Stocks on Your List of Small-Caps to Watch?

With penny stocks in focus, which small-caps are on your watchlist right now?
The post Are These Penny Stocks on Your List of Small-Caps to Watch? appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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3 Penny Stocks That Could Be Worth Adding to Your Watchlist

In August 2021, the options for finding penny stocks to buy are almost endless. While not all penny stocks will have forward value, finding the ones that will is the key to making money with small caps. And while it may seem difficult at first, with the right research and a commitment to getting a trading education, it can be much easier than previously imagined. Right now, there are a few external factors to consider before picking any penny stocks to watch. 

The first and most important is without a doubt the pandemic. While it seemed like we were on the way out only a few weeks ago, the rise of Delta variant-related cases has changed that thought train. Now, investors are searching once again for penny stocks that could benefit from the current state of the pandemic. This includes reopening penny stocks, biotech penny stocks, energy penny stocks, and more. 

[Read More] 3 Tech Penny Stocks To Watch In August 2021

And with this, traders should think outside of the box, considering how each company could benefit as case numbers hopefully begin to drop in the near future. While this is not the only factor impacting the stock market right now, it is arguably the most important. So, with all of this in mind, let’s take a look at three penny stocks that could be worth adding to your watchlist. 

3 Hot Penny Stocks For Your August Watchlist 

  1. Camber Energy Inc. (NYSE: CEI
  2. Hut 8 Mining Corp. (NASDAQ: HUT
  3. Origin Materials Inc. (NASDAQ: ORGN)

Camber Energy Inc. (NYSE: CEI)

Camber Energy Inc. is as its name suggests, an energy penny stock that has continued to show solid momentum throughout the past year or so. This company acquires and develops properties for oil and natural gas exploration. After acquiring properties, Camber then develops them for the purpose of selling crude oil, natural gas, and natural gas liquids. As of March 31st, 2020, the company had total estimated proved reserves of 133,442 million barrels of oil equivalent.

On July 30th, Viking Energy Group Inc. announced an additional equity investment in Camber Energy. Camber has purchased $11 million worth of common stock of Viking Energy Group. Viking also recently announced the closure of a $15 million equity transaction from an institutional investor. These funds are to be used on working capital, new acquisitions, and more.

“These transactions serve as significant catalysts for advancing Camber’s growth initiatives. The $15M commitment by the institutional investor is encouraging and seemingly reflective of the confidence in Camber and our operations both short and long term. We are excited about the Company’s future and remain focused on forging a path toward profitability and increasing shareholder value.”

The President and CEO of Camber, James Doris

With this new update in mind, will CEI stock make your penny stocks watchlist?

Hut 8 Mining Corp. (NASDAQ: HUT)

Hut 8 Mining Corp. is a penny stock that has been trending upwards recently. YTD, shares of HUT stock are up by almost 70%, and in the past five days alone, shares have shot up by over 10%. For some context, this company mines for cryptocurrency in the United States. Hut 8’s mining operations are primarily for Bitcoin, which is as you may know, the most valuable crypto out there. It’s worth noting that the company also owns 94 BlockBoxes in two cities located in Alberta, Canada.

Bitcoin mining companies have become very popular in the stock market over the last few years. Since HUT stock has gone public, it has seen tremendous growth in the market. In that time, the popularity of cryptocurrencies such as Bitcoin, DogeCoin, and Ethereum have all grown substantially. In addition, blockchain-based technology such as NFT’s have also seen increased investor attention.

[Read More] 4 Top Reddit Stocks To Watch As Robinhood (HOOD) Stock Breaks $80

On July 29th, the CEO of Hut 8 Mining Corp., Jaime Leverton, appeared on CEO Clips. CEO Clips is the largest library of publicly traded company CEO videos in the U.S. and Canada. These video profiles are shown on national TV and the top 15 financial sites. Leverton spoke on the company’s innovation in the Bitcoin space during her time on the show. This is the latest that has come from Hut 8 Mining Corp.

And while it may not seem that important, events like these help to offer both awareness of what the company is doing, and attention on what it could do in the future. For these reasons, it is always important to stay on top of announcements like this. With that in mind, will HUT stock be on your August small-caps watchlist?

Penny_Stocks_to_Watch_Hut_8_Mining_Corp._(HUT_Stock_Chart)

Origin Materials Inc. (NASDAQ: ORGN)

Origin Materials Inc. is a materials penny stock that only recently joined the NASDAQ via an SPAC deal. While prices have been down for ORGN, this is common following a listing on a new exchange. For some context, Origin Materials focuses on converting the carbon found in biomass into useful materials. This aligns with its goal of transitioning the world toward the use of sustainable materials for everything from car parts to tires and textiles. Its patented technology has an extremely broad range and it states that there is an almost $1 trillion addressable market for it.

On June 25th, the company announced the completion of its business combination with the SPAC, Artius Acquisition Inc. In other recent news, Origin will be releasing its second-quarter results for 2021 on Thursday, August 12th, 2021. This will then be followed by a conference call on the same day. 

As stated many times before, business updates, financial, and any upcoming news are always extremely important for investors to pay attention to. This is especially true when we consider a newly listed company such as Origin Materials.

In addition to this, from a broad perspective, we have witnessed solid bullish sentiment with ESG penny stocks. And as a clear part of this industry, ORGN stock could be worth paying attention to. So, considering this interesting prospect and its new status on the NASDAQ exchange, is ORGN worth adding to your list of penny stocks to watch?

Penny_Stocks_to_Watch_Origin_Materials_Inc_ORGN_Stock_Chart

Which Penny Stocks Are You Watching Right Now?

Finding the best penny stocks to buy all comes down to understanding where to look. By considering geopolitical events and the trajectory of the pandemic, investors can narrow down their watchlists to a few penny stocks that could be worth watching.

[Read More] Best Biotech Penny Stocks For Your Small-Caps Watchlist Right Now

And while this is not a be-all-end-all list, it should offer some inspiration. With all of this in mind, which penny stocks are you watching right now?

The post Are These Penny Stocks on Your List of Small-Caps to Watch? appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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