Bitcoin’s market cap is $41 billion. Here’s how that compares to everything else. via @stocktwits
These 6 large cap Tech companies combined value worth more than 2 Trillion USD. Apple – 564 B Alphabet/Goog – 477 B Microsoft – 442 B Facebook – 352 B Amazon – 350 B Tesla – 30.6 B
Move over Big Mac Index…here comes the iPhone index. Big Mac index is a way to measure the purchasing parity and the strength of a currency against USD. A better way to measure this now is to see how much it costs to purchase an iPhone in your country vs purchasing it in Manhattan. For example it costs more to buy in Brasil than in Japan today.
Ever since the U.K voted to leave E.U, pound has been pounded in value. It has dropped from 1.5 level to 1.2 level against the USD in just about 2 weeks. That is a major move in any currency in a such a short period of time. Currently 1USD is 1.28 GBP which is a great timing for my #Scotland visit in August. I predict GBP to trade around 1.2 against USD by month end.
Brexit referendum vote is on June 23. Before the assassination of pro-EU politician Jo Cox, polling results favored the “Leave” campaign with 52% wanting to leave the EU bloc. But now the scale has slightly tipped in favor of the “Remain campaign”. But with 4 days still to g, before the final vote there is no clear winner. The market has started preparing for this uncertainty by selling off last week. The historical chart of Volatility index shows very low volatility over the last few months. But if the “Leave” group wins the referendum I expect a sharp sell off…