The Shit to Know Thursdays

What’s up cunt,

Below is the usual news. Read down to the bottom, we know you’ll like it…

Market Indices & Commodities

Crypto
Is Crypto Having a Come Back? 📈

Prices have surged in crypto as investors have flooded into the space. In fact, the crypto market cap has reached $2 trillion. This comes after bitcoin’s price has surged above $60,000 per coin.

Bitcoin has not been worth this much since November 2021, and there is no sign of it slowing down.

The highest price BTC has ever reached is just under $69,000, could we see it go higher in the coming months?

Economy  
US GDP Grew by $334b in Q4. Or Did it? 📉

The Biden administration reported a 3.2% increase in Q4 GDP. Sounds good right? Wrong.

Well have a wild fucking guess where this growth came from. I’ll give you a clue: debt. And a fuck ton of debt at that.

Although the US economy grew by $334.5b, it accumulated $834.2b debt over the same period of time. This means that $1 of ‘economic growth’ cost $2.50 in debt.

How can Biden’s administration call this ‘growth’? They’re lying to our fucking faces.

Feature
RIP Jacob Rothschild 🪦

Famous financier and philanthropist Jacob Rothschild has died at 87.

Rothschild worked at the Rothschild bank, before taking control of Rothschild Investment Trust (now RIT Capital Partners).

Tech
Google CEO Pledges to Use AI to Counter Fake News 🗞️

Google’s AI chatbot, Gemini, has been the target of public outrage for its political bias. The CEO of Google has addressed the situation and apologised.

Since most of us rely on Google to access the internet, whether it’s for checking sports results or reading VHLA articles, it’s concerning how much control Google has over what we see.

Crypto
Coinbase Glitches and Restricts Customers 💻

As mentioned above, the price of bitcoin has been going nuts all week.

However, on Wednesday, one of the most popular exchanges, Coinbase, had a major glitch. It occured after bitcoin lost $5,000 in 5 minutes as perpetual futures volumes spiked.

This spike ‘broke’ Coinbase as some users saw $0 in their balances and had issues with buying and selling.

Coinbase was quick to assure customers that their ‘assets were safe’. Well they don’t seem very fucking safe to me.

Stocks
Apple Drops EV Plans 🍎

Apple has officially dropped out of the electric vehicle (EV) race. What does this mean for the industry?

Most obviously it cements Tesla’s position as the leader in the EV market.

However, it is not all sunshine and rainbows for the industry. Apple pulling out shows the lack of confidence both companies and consumers have in the industry.

This lack of confidence is not exactly surprising given the saturated market and unattractive economics for which this industry is renowned for.

We are clearly not as close to a world full of EVs as people think…

Feature
BASED: Dr. Phil Shits on Lockdowns 👑

Dr. Phil has absolutely laid into the Covid lockdowns. He stunned viewers of The View by highlighting the true effects the lockdowns had on children.

This has to be one of the most based things to have happened this week, and we salute Dr. Phil for having the actual confidence to state his (factual) opinions.

As VHLA followers, we hope you also have the confidence to go out there and state your opinions. That is what being one of us is all about, spreading alpha as far and wide as we can, while making a bank at the same time.

Thank you 
That’s all Folks

Thanks for getting down this far, you’re a real one.

We’re this close guys, this close…