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No New Models in 2022 but Cathie Wood Sticks To Tesla!

Jacob Weizman
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No New Models in 2022 but Cathie Wood Sticks To Tesla!

She still believes in Tela. According to Barron’s, Cathie Wood’s ARK Investment ETFs purchased 33,482 shares of the electric-vehicle company Tesla recently. On the day of the new investment, the Tesla (ticker: TSLA) stock closed Thursday at $829.10, down 11.6%. At that price, Wood paid an estimated $27.76 million for the shares.

The ARK Innovation ETF (ARKK) purchased 27,799 shares of Tesla, according to the daily trades posted by the ARK funds, while the ARK Next Generation Internet ETF (ARKW) bought 5,683 Tesla shares. The ARK funds have been sellers of Tesla shares since around September; the share price has declined 21.5% so far in 2022.

Tesla reported better-than-expected fourth-quarter earnings this week. Adjusted earnings came to $2.54 a share in the fourth quarter on sales of $17.7 billion. Operating profit was $2.6 billion, and free cash flow was $2.8 billion —each of the figures represent quarterly records for the company.

However, CEO Elon Musk disappointed investors when he said Tesla wouldn’t be working on new models in 2022 but instead will focus on producing more of the company’s existing models this year.

Elon Musk About The Most Common Error Of A Smart Engineer

Charlene Lensburg
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Elon Musk About The Most Common Error Of A Smart Engineer
@elonmusklive

What’s your opinion on traditional and conventional thinking?🤔

♬ Sad Emotional Piano – DS Productions

The Vanuatu Way! Financial Offshore Paradise Plans To Turn Onshore

Adrian Fuller
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The Vanuatu Way! Financial Offshore Paradise Plans To Turn Onshore

The Southwest Pacific island nationVanuatu is notorious for being the offshore place of choice for many CySEC-regulated brokers who practice “offshore onboarding” through an offshore entity equipped with a Financial Dealer License from the Vanuatu Financial Service Commission (VFSC), bypassing regulatory requirements of ESMA and CySEC. Typically, these offshore entities only have a P.O. address in Vanuatu but no operation. FinTelegram reports that by the end of 2022, all securities brokers will have to move onshore and make tangible investments.

The new VFSC requirement includes the physical presence of at least one direct employee who matches a ‘fit and proper‘ definition. Those who deal in digital assets must have three people onshore, one of whom is the CTO, along with a minimum capital of US$500,000, a custodianship license from another jurisdiction, and an established track record.

In other words, a single P.O. Box and some accounting entries won’t cut it anymore to operate in Vanuatu. Our government wants to bring the offshore industry back onshore to spur investment in the country, create jobs, stimulate further development, and support education and training.

Martin St-Hilaire, Chair of the Financial Markets Association of Vanuatu

According to FinTelegram, these stricter license requirements are another step in Vanuatu’s ambition to implement a top-tier financial industry. Vanuatu has upgraded its monitoring and regulatory systems and its legislation to meet global standards and the Financial Action Task Force (FATF).

Read the story on FinTelegram

Social Media And Cryptocurrencies Result In Exploding Cybercrime numbers!

Charlene Lensburg
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Social Media And Cryptocurrencies Result In Exploding Cybercrime numbers!

FinTelegram issued a press release warning against exploding cybercrime numbers due to social media and cryptocurrencies. Scammers find victims for their investment schemes primarily through fraudulent crypto campaigns on Google and social media. Cybercrime organizations combine the power of social media with the new capabilities of cryptocurrencies to build super-efficient cyberfraud machines.

Fraudulent crypto campaigns such as Bitcoin Revolution, Bitcoin Evolution, or Bitcoin Prime present themselves as “get-rich-quickly” means in Google Ads and in ads and posts on social media. Additionally, they include referral systems where customers use a referral link to recruit new customers and receive commissions from the new deposits. This leads to victims victimizing their online friends.

The U.S. Federal Trade Commission (FTC) confirms that Facebook, Instagram, and other social media platforms are a gold mine for online fraudsters. The latest consumer protection data report shows a sharp spike in online fraud schemes, particularly crypto schemes. More than 95,000 U.S. consumers reported about $770 million in losses to fraud initiated on social media platforms in 2021, up from $258 million in 2020. The FTC data suggest that social media was far more profitable to scammers in 2021 than any other method of reaching people.

Thus, since 2017, the number of U.S. victims, as well as their losses in online scams, has increased more than 18-fold. Cybercrime losses initiated on social media account for about 25% of all reported losses to fraud in 2021. Besides social media, crypto-related scams have contributed to the massive surge in fraud reports, the FTC data suggest.

No data is currently available for Europe and Asia for 2021. However, we can assume that the ratio figures also apply to Europe. This means that financial cybercrime powered by crypto and social media is booming. 25% of all online fraud cases in Europe and Asia may also be initiated via the “gold mine” of social media.

Read the story on FinTelegram

Social media queen Kim Kardashian met the Clinton ladies!

Charlene Lensburg
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Social media queen Kim Kardashian met the Clinton ladies!

Social media celebrity and future lawyer Kim Kardashian met with Hillary Clinton and her daughter Chelsea Clinton for a coffee in the Hot & Cool Cafe in Los Angeles. Vanity Fair reports that the cafe is Black-owned, vegan, and hires many formerly incarcerated people and kids. PEOPLE reported that the meeting was tied to Hillary and Chelsea’s upcoming Apple TV+ series Gutsy Women, which is inspired by their best-selling novel The Book of Gutsy Women: Favorite Stories of Courage and Resilience.

The shop and its owners, wife, and husband Tina Amin and Tony Jolly launched the restaurant as a whole-food social center. When the pandemic hit, they launched a food-delivery initiative for seniors in the area. The place has garnered attention from liberal politicians before—Mayor Eric Garcetti and Governor Gavin Newsom have both been customers.

Kardashian supported Clinton in the 2016 election while her former partner Kanye West turned out to be a huge Trump at the time made a big stink about supporting eventual victor Donald Trump.

Read the full story on Vanity Fair

Cathie Wood And The Bulls’ Rubber Band!

Jacob Weizman
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Cathie Wood And The Bulls’ Rubber Band!

Cathie Wood and her Ark Invest ETFs have been the bull face of the stock and crypto hype over the last two years. Amid fears of a tightening monetary regime, Ark Invest is in the midst of its worst drawdown since inception, falling as much as 58% from its record high. But Wood is convinced that the party is far from over. Wood also believes that with the entry of institutional investors, a target price of $500,000 for Bitcoin (BTC) is realistic. It is a real bull!

In an interview with ETF Trends, Cathie Wood gave some advice to the investors who have lost money in her strategy. Wood has often stressed that Ark Invest takes a five-year outlook when it makes investments. With such a steep sell-off in Ark Invest’s holdings amid a period of rising inflation and a hawkish Fed, Wood expects a sharp rebound to unfold.

“What this means is that this rubber band has been stretched so tightly, that we believe, and consider the source, but we truly believe given the valuations in our portfolio, the growth in the portfolio, and the fact that we’re probably looking at very choppy waters from a cyclical point of view so that our secular growers are going to shine,” Wood said.

Investors should take advantage of the potential for a sharp rebound in Ark’s strategies, according to Wood.

Read the story on Business Insider

Bitcoin investor MicroStrategy was massively hit by the price drop

Charlene Lensburg
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Bitcoin investor MicroStrategy was massively hit by the price drop

MicroStrategy, a business intelligence software company, is one of the best-known investors in Bitcoin (BTC). Since 2020, the company has been aggressively buying BTC, making its shares a proxy for BTC. As of the end of 2021, MicroStrategy held 124,391 bitcoins, acquired for roughly $3.75 billion at an average price of about $30,159 per bitcoin, CEO Michael Saylor announced on Twitter at the time. They were worth about $4.3 billion at the current price level of $35,000.

The ongoing BTC correction hits MicroStrategy badly. As of 24 Jan 2022, BTC’s price is around $35,000 down almost 50% from its all-time high of nearly $70,000 in Nov 2021. Shares of MicroStrategy tumbled 17.8% Friday afternoon after the U.S. Securities and Exchange Commission (SEC) rejected the company’s bitcoin accounting strategy. The SEC told MicroStrategy in a filing on Dec. 3 that “…we object to your adjustment for bitcoin impairment charges in your non-GAAP measures. Please revise to remove this adjustment in future filings.”

The company’s stock had been falling in tandem with the BTC price. MicroStrategy shares are down 24.7% for the week. Analysts have highlighted that a further decline in the price of BTC could destroy MicroStrategy‘s equity.

Don’t Worry! Long-Term Crypto Perspective Is Still Attractive!

Jacob Weizman
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Don’t Worry! Long-Term Crypto Perspective Is Still Attractive!

As of January 24, 2022, bitcoin (BTC) is oscillating around $35,000, which is only nearly half of the almost $70,000 it was worth in November 2021. Recently, however, tech stocks have also suffered heavy price losses. The current macro environment is blowing massive winds against cryptocurrencies and growth stocks. Above all, the feared end of the phase of cheap money scares investors. Interest rates are to be raised to combat post-pandemic inflation. Expensive money is apparently also an enemy of Bitcoin & Co. Investors should actually invest in BTC because of inflation fears. But they don’t!

As Ciaran Ryan on Moneyweb points out, BTC is still up 18% over the last 12 months. That’s only slightly worse than the 24% gain in Apple’s stock price and on a par with the 18% gain in the S&P 500 index. If you bought and held BTC on any day since its inception and held it for five years, the worst annual return you would have would be 27%.

During the recent bull market, BTC experienced over six pullbacks of greater than 20%, and every time it has proceeded to rally more than it pulled back. The recent bitcoin pullback has been textbook in nature. The Fear & Greed Index currently shows “extreme fear.” This, however, may be considered a “buy” recommendation.

Read the story on MoneyWeb

Crypto Evangelist And Tesla Bull Face Cathie Wood Under Pressure!

Adrian Fuller
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Crypto Evangelist And Tesla Bull Face Cathie Wood Under Pressure!

Over the last two years, hedge fund manager Cathie Wood has been a superstar amid the tech stock and crypto hype. She was the face of the bull run. Her flagship Ark fund has shown an incredible performance thanks to her strategy to bet on high-growth, disruptive companies like Tesla. Ark Invest Innovation ETF (ARKK) smashed most of its competitors in 2020 and attracted billions of dollars from investors.

ARKK invested in the most glamorous players in tech, pharma, and crypto, a group that encompasses Tesla, Robinhood, Coinbase, Teladoc, and Block. ARKK still shows a Net Asset Value (NAU) of $71B. Its share price, however, has dropped 50% and shed 18% from the start of 2022 alone.

Warren Buffet‘s Berkshire Hathaway shares, on the other hand, have continued to climb steadily, narrowing the performance gap between Buffett’s investment conglomerate and the ARKK since the start of 2020 to just 8 percentage points.

The relative performance of the two fund managers has been particularly different this month, with Berkshire’s stock climbing around 2 percent since the start of January while Ark’s biggest ETF has slid 24 percent. ARKK has now tumbled 43 percent from the beginning of 2021 to January 21, 2022. Berkshire Hathaway is up 34 percent. Financial Times points out that Wood’s ARKK and Berkshire Hathaway are often seen “as prime examples of two very different investment styles” — growth and value, respectively. The reversal of their share prices reflects a jarring rotation between the two tribes in recent years.

The Financial Times reports that major investors are already pulling money out of ARKK. Faced with the feared end of cheap money, tech stock prices have plummeted, as have crypto prices. As a result, Warren Buffet‘s conservative strategy is back in vogue.

Read the story on Financial Times

The Investment Portfolio of The CyberFinance Generation!

Charlene Lensburg
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The Investment Portfolio of The CyberFinance Generation!

On Twitter, renowned blockchain and cryptocurrency expert @DeepBlueCrypto reflected on the investment and portfolio of CyberFinance generation. He thinks that the traditional 60/40 portfolio construction (60% Stocks, 40% Bonds) does not make sense anymore as bonds are broken. Most bonds around the world are either very low or negative-yielding. He argues that the CyberFinance Generation, Millennials & GenZers would rather hold 60% stocks & 40% Bitcoin in their portfolios.

We are convinced that these considerations are going in the right direction. Cryptocurrencies as a native digital currency will have a firm place in the portfolio of the new generations. In contrast to FIAT currencies, Bitcoin and Co are tailored to the needs of a cybersociety.

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At The Cyber Voice, we are dedicated to illuminating the intricate tapestry of our evolving cyber society. Through incisive journalism and informed perspectives, we strive to be the beacon for those navigating the digital realm. From politics and finance to cryptocurrencies and lifestyle, we commit to delivering unbiased, comprehensive, and forward-thinking narratives that empower our readers to stay informed, engaged, and ahead of the curve in an ever-changing digital landscape.

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