McFinance Newsletter

Hello McFinancers! Today we wanted to take a special look at crypto with the massive rise in Bitcoin over the past week. So this week, we are dedicating our news to some hot topics regarding Bitcoin. The latest in financial news: JPMorgan analyst says that Bitcoin halving will have positive effects on Bitcoin mining companies, Bitcoin miners block the US government attempt to monitor energy usage for miners, and a surprise on a massive owner of Bitcoin is revealed. JPMorgan Analyst Look To Bitcoin Mining Companies Roughly every four years, Bitcoin undergoes a halving event, resulting in a 50% reduction in the amount of newly minted Bitcoin. This April marks the latest halving, diminishing Bitcoin production from 900 to 450 Bitcoin per day. As renowned economists suggest, this decrease in supply typically triggers a surge in prices. In the past week, analysts from JPMorgan, led by Nikolaos Panigirtzoglou, have asserted their belief that the upcoming halving will drive an increase in the...

 Hello McFinancers! We wanted to send an important announcement today outside of weekly market emails. The spot Bitcoin ETF was approved by the SEC yesterday. Bitcoin ETF Approved After all the crazy drama these past few months (hacked X/Twitter accounts posting fake approval news or the numerous cases involving the SEC and some crypto firms), it felt like it would never happen. The SEC has finally approved a spot ETF for Bitcoin! The SEC has approved ETFs for trading as early as Thursday (11 January 2023). The ETFs that were approved are: Grayscale Bitcoin Trust - GBTC - 1.5% expense fees Hashdex Bitcoin Futures ETF - DEFI - 0.94% expense fees Valkyrie Bitcoin Fund - BRRR - 0% for three months then 0.49% expense fees Wisdom Tree Bitcoin Trust - BTCW - 0% for six months then 0.3% expense fees Franklin Bitcoin ETF - EZBC - 0.29% expense fees iShares/Blackrock Bitcoin Trust - IBIT - 0.12% for 12 months then 0.25% expense fees VanEck Bitcoin Trust - HODL - 0.25% expense fees Fidelity ...

 Hello McFinancers! We hope everyone had a wonderful Christmas and New Year. As with every new year, people create goals they want to achieve during the year. A simple and beneficial goal is to read the McFinance Newsletter once a week to learn about current events. The latest in financial news: The Bitcoin ETF is one step closer to getting approved, the Bank of Spain looks to create its own CBDC, new shipping lanes may be more beneficial with trouble in the Red Sea, and recent bills in Oklahoma and Missouri look to eliminate state capital gains taxes on gold and silver. Bitcoin ETF Over this past week, the institutions interested in creating a spot Bitcoin ETF have until 08 January 2024 to file their Form S-1 to the SEC. The S-1 form is a request to the SEC to offer initial public offerings (IPOs) for a new security. This is usually the last step before an ETF is approved. With so much news focused on the spot Bitcoin ETF, there has been interest in the Ethereum ETF as well. With ...

 Hello McFinancers! The latest in financial news: The latest news from the Federal Reserve shows that they may be lowering rates, the SEC is reviewing spot Bitcoin ETFs again, and a hack with Ledger has led to an outcry in having Ledger open its source code for reviews. The Federal Reserve May Become Dovish The Federal Reserve had its Federal Open Market Committee (FOMC) meeting this week on the 12th and 13th of December. In summary, the FOMC is the main body that decides and controls the Federal Reserve’s monetary policy. In summary, their latest statement from the meeting talks about the strength of the US banking system being strong and that the recent tightening is going to affect American households and businesses regarding unemployment, economic activity, and inflation. The statement also talks about how the committee is committed to achieving a 2% inflation rate and that they will maintain the current interest rates as they continue to review new data on the effects to deter...

Hello McFinancers! This week, we wanted to talk about some new cases that have appeared on the US Supreme Court docket and look at the impact that they could have on investors. The latest in financial news: The US Supreme Court has a case on its docket about what income is taxed under current laws, there is less demand for US treasuries, and then there is a case against the SEC. Supreme Court Case About Your Income As the saying goes, the only guarantees in life are death and taxes. Well, that may change soon as the Supreme Court currently has on its docket a case that could change how investors are taxed. The case, Moore vs. United States (docket number 22-800), is about the authority of Congress to tax unrealized sums on unrealized income. As many seasoned investors know, you don’t pay taxes on any stock gains from capital appreciation unless you sell. Or how real estate investors can limit their capital gains taxes by selling an old house to buy a new house using the 1031-like-kind ...