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5-15-24 Will Bitcoin Rise to $420,000?

CPI Preview & PPI review; markets closed higher Tuesday thanks to downward revisions to previous PPI print & Jerome Powell comments. Markets remain overbought, which may limit upside. CPI will be The Market Driver. Signs of a slowing economy: Increased credit card usage. AI is now capable of creating original, royalty-free music for online streaming. What will be the impact? No need for musicians/performing artists? Now AI is experimenting with "NSFW" content; it's the dark side of tech. How high can Bitcoin go? The problem with cybercurrency is determining its intrinsic value. (The problem with proforma numbers) The Bitcoin proposition is all about supply & demand. What is the next driver? What happens when "Fed Coin" comes? Howe to deal with Bitcoin volatility? Bitcoin regulation to come; government must control currency to control the economy. The first conversation you have with your financial advisor should include these questions: The importance of being a fiduciary; do your values align; what is the fee structure?

SEG-1: CPI Preview
SEG-2: Looking at Potential Impacts of AI
SEG-3: Bitcoin at $420k?
SEG-4a: Bitcoin Regulation to Come
SEG-4b: Powerful Questions You Need to Ask Your Financial Advisor

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Advisor, Danny Ratliff, CFP
Produced by Brent Clanton, Executive Producer
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Articles mentioned in this report:
"Moving Average Crossovers Suggest The Bull Is Back"
https://realinvestmentadvice.com/moving-average-crossovers-suggest-the-bull-is-back/
"Equities Bounce Back Ending The April Correction"
https://realinvestmentadvice.com/newsletter/
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The latest installment of our new feature, Before the Bell, "Can Hotter CPI Trigger Correction?" is here:
&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "The Bull is Back"
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Contact Us: 1-855-RIA-PLAN
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#MarketBullishness #PPI #CPI #AI #ArtificialIntelligence #NSFW #StockMarket #BitCoin #CyberCurrency #FedCoin #JeromePowell #CPI #PPI #Inflation #InvestmentTiming #Coffee #Markets #Money #Investing
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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