Sell Oil to buy Bitcoin
This market down turn has had some pretty ironic things happening. For one, I believe oil is at 22 a barrel, and gas actually went up in my area... Unbelievable how this market still fleeces the american people. But that is not what I am talking about, I did have some money in oil, and with the down turn in oil, and bitcoin I simply sold the oil and moved it into GBTC. Strictly because I think it will rise over oil, never would I have done this before, as oil has been the blood of the modern day world. But this could be a sign of changing winds. With new process to drill for oil and electric cars, oil probably has seen a peak, and who knows were it goes from here, but Bitcoin still has some life, especially with the halving. We should make it a movie.... THE HAlVING .... Sounds like a un-dead movie.
As an investor and an investing writer, I'm always looking for trends that could point to great investing ideas. With so many frantically stocking up on toilet paper, should you also stock up on toilet paper stocks? It's a serious question that deserves a serious answer.
