The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
FX Trader, Loonieviews.net
Summary: No monkeying around. Facebook (FB: Nasdaq) will do to the cryptocurrency universe what Amazon did to retail. This morning, the social media behemoth announced plans for a new digital currency, Libra, and a digital wallet, Calibra.