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Shawntan51
2021-06-09
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Shawntan51
2021-06-09
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Why Netflix’s Leading Position in Streaming May Be In Trouble
Shawntan51
2021-06-09
btc to the moon?
Bitcoin or gold? Top strategist David Roche outlines his play for hedging against inflation
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it up","listText":"keep it up","text":"keep it up","images":[{"img":"https://static.tigerbbs.com/e543e3cc4f2400c5920c21ae5010cb83","width":"1125","height":"3218"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189317166","isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":189316863,"gmtCreate":1623245273052,"gmtModify":1704199166177,"author":{"id":"3574325617753255","authorId":"3574325617753255","name":"Shawntan51","avatar":"https://static.tigerbbs.com/bd6b9be7ff1a46457928ef8ba4d48292","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574325617753255","authorIdStr":"3574325617753255"},"themes":[],"htmlText":"please comment","listText":"please comment","text":"please comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189316863","repostId":"1166867547","repostType":4,"repost":{"id":"1166867547","kind":"news","pubTimestamp":1623242489,"share":"https://ttm.financial/m/news/1166867547?lang=&edition=fundamental","pubTime":"2021-06-09 20:41","market":"us","language":"en","title":"Why Netflix’s Leading Position in Streaming May Be In Trouble","url":"https://stock-news.laohu8.com/highlight/detail?id=1166867547","media":"The Street","summary":"Rising competition from deep-pocketed rivals such as Disney, Amazon and Discovery/ WarnerMedia threa","content":"<blockquote>\n Rising competition from deep-pocketed rivals such as Disney, Amazon and Discovery/ WarnerMedia threatens to erode Netflix’s once iron grip on the streaming industry.\n</blockquote>\n<p>For years, Netflix (<b>NFLX</b>) -Get Report has been nearly synonymous with streaming movies and television, even spawning popular memes incorporating the streaming service in the same way one might refer to Kleenex.</p>\n<p>However, a growing cavalcade of challengers with both sizable pocketbooks and existing video catalogs could soon cut into not only the company’s cultural significance, but its prized place as the top streaming service.</p>\n<p>In fact, the recent string of blockbuster deals in the streaming space is only adding to an alarming trend of market share declines in recent years.</p>\n<p>According to market research firm Ampere Analysis, Netflix’s U.S. market share in streaming has been reduced from nearly one-third of the total market at the end of 2019 to only one-fifth at the end of 2020. Additionally, fellow market research firm Parrot Analytics notes that about 50% of U.S. streaming service consumers tout Netflix’s original content as the most-demanded in 2021. While this still leads the market, it is a significant reduction from the approximately 65% rate notched only two years ago.</p>\n<p><b>Growing Competition</b></p>\n<p>Of course, one of the main reasons for this decline is the surge in choices available to consumers as compared to years prior. Netflix was relatively unchallenged in 2015, having triple the U.S. share of its nearest competitor at the time in Amazon (<b>AMZN</b>) -Get Report, which was also the only competitor to hold a double digit market share, according to Nielsen. But in 2020, three competitors -- Amazon, Disney (<b>DIS</b>) -Get Report (both with Disney+ and Hulu) and AT&T's (<b>T</b>) -Get Report HBO Max -- held double-digit market shares, encroaching upon Netflix's 21% slice of the streaming market.</p>\n<p>Of additional concern is the fact that many of Netflix’s newer competitors are entering the streaming landscape with very deep pockets, extensive catalogs of content already familiar to consumers or in some cases, both.</p>\n<p>Sgt. Keith L. Craig, an executive at Disney who manages theatrical sales and distribution, noted in an interview with TheStreet that while Netflix was a trailblazer, the company has not been innovative enough to maintain a lead over its hard charging competitors, many of whom had aided Netflix’s rise by initially allowing it to host their content.</p>\n<p>“Before launching, Disney took back their content from Netflix which left Netflix in a vulnerable position,” Craig said. “Netflix is now competing with some of the top production companies in the world and they have to stay consistent to not be replaced by a force like Disney.”</p>\n<p>In order to sustain this competition and make up for the loss of content, the company has needed to pursue heavy spending sprees on original content, often funded by debt. The company’s cash burn has thus been a lingering concern, despite Netflix CFO Spencer Neumann's efforts to assuage investors.</p>\n<p>\"We think we've turned the corner on that ...cash flow story so we expect to be about cash flow breakeven this year and then sustainably free cash flow positive and growing thereafter,\" Neumann told analysts during the company's first quarter earnings call in April.</p>\n<p>Still, as the company seeks to up its spending from a coronavirus-hit content spend of $11.8 billion in 2020 to $17 billion in 2021, there remains a degree of skepticism about the sustainability of the recent encouraging cash-flow trend. Indeed, there is reason to suspect it was paradoxically aided by coronavirus due to necessary cuts in content spending and production.</p>\n<p>Cash burn is less of an issue for primary rival Disney, given the entertainment giant’s back catalog of content that spans over a century. That existing content adds to Disney’s well-known prowess for producing hit movies to the present day, consistently charting some of thehighest grossing films in history in recent years.</p>\n<p>And among the growing list of other competitors in the streaming space, cash burn is also not likely to be an obstacle.</p>\n<p>“Apple (<b>AAPL</b>) -Get Report, Amazon and Google (<b>GOOGL</b>) -Get Report all compete with Netflix in video streaming and content, and can deploy vast war chests of cash in pursuit of competitive advantage,” said Barry Randall, chief investment officer of Crabtree Asset Management.</p>\n<p><b>Consolidation on the Rise</b></p>\n<p>Indeed, Amazon is the latest to signal its intention to spend big on bolstering its content catalog by recentlyacquiring MGM Studios for $8.45 billion.</p>\n<p>“MGM’s content library and upcoming film slate give a significant boost to Prime Video's library,” JMP Securities analyst Ronald Josey wrote in a note assessing the deal. “Collectively MGM content has won 180 Academy Awards and 100 Emmys, and Amazon also benefits from its robust upcoming slate of films that further strengthens Amazon’s Prime Video offering.”</p>\n<p>Josey added that a robust back catalog of over 4,000 films, including fan favorites like the James Bond and Legally Blonde franchises, as well as 17,000 TV shows, including popular series such as<i>The Handmaid’s Tale</i>and<i>Fargo</i>.</p>\n<p>Amazon is only the latest to leverage M&A to try to close in on Netflix’s once-comfortable lead in streaming. And the heavy competition has encouraged laggards to join forces to challenge Netflix rather than fight amongst themselves for more meager market share.</p>\n<p>This trend was highlighted byDiscovery’s (<b>DISCA</b>) -Get Report recent$43-billion deal for WarnerMedia, driven in large part by the desire to add the popular HBO streaming service to its offerings. Additionally, the deal combined HBO’s handsome back catalog with content from CNN, DC Comics, and Cartoon Network to its existing content such as HGTV, the Food Network and Animal Planet.</p>\n<p>Moving forward, many are expecting similar deals, perhaps from the already relatively recently combined company of ViacomCBS (<b>VIACA</b>) -Get Report.</p>\n<p>\"Various recent press reports have suggested Viacom as a potential target with several assets that could command a premium,\" Bank of America analyst Jessica Reif Ehrlich wrote in a recent note. “VIAC’s deep breadth of content (library of 140,000-plus TV episodes and 3,600-plus films across sports, movies, comedy, news, children, etc.) has value as an entire entity or if sold in individual parts.”</p>\n<p>While Amazon’s deal for MGM might remove an anticipated bidder, the sizable library could prove an appetizing acquisition for other major players like Apple and Google as they try to move past beyond current competitors like Comcast’s CMCSA Peacock platform, and closer to Netflix’s top tier.</p>\n<p>Overall, industry consolidation is likely to only further threaten Netflix’s lead and allow for clearer choices for consumers that might be overwhelmed by the slate of options in the arguably oversaturated streaming industry.</p>\n<p>To be sure, Netflix has been able to maintain its industry-leading market share for quite some time, with original content increasingly undergirding its success. Further, the service appears to be quite sticky as its churn rate of only 2.4% remains exceedingly low despite the significantly increased competition it has been facing.</p>\n<p>The question that will arise is when the competition becomes too compelling to keep ahead of. Given the cash being poured into the streaming space to create appealing content, that question is only going to loom larger for Netflix in the near future.</p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Netflix’s Leading Position in Streaming May Be In Trouble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Netflix’s Leading Position in Streaming May Be In Trouble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 20:41 GMT+8 <a href=https://www.thestreet.com/investing/why-netflix-leading-position-in-streaming-may-be-in-trouble><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rising competition from deep-pocketed rivals such as Disney, Amazon and Discovery/ WarnerMedia threatens to erode Netflix’s once iron grip on the streaming industry.\n\nFor years, Netflix (NFLX) -Get ...</p>\n\n<a href=\"https://www.thestreet.com/investing/why-netflix-leading-position-in-streaming-may-be-in-trouble\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.thestreet.com/investing/why-netflix-leading-position-in-streaming-may-be-in-trouble","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166867547","content_text":"Rising competition from deep-pocketed rivals such as Disney, Amazon and Discovery/ WarnerMedia threatens to erode Netflix’s once iron grip on the streaming industry.\n\nFor years, Netflix (NFLX) -Get Report has been nearly synonymous with streaming movies and television, even spawning popular memes incorporating the streaming service in the same way one might refer to Kleenex.\nHowever, a growing cavalcade of challengers with both sizable pocketbooks and existing video catalogs could soon cut into not only the company’s cultural significance, but its prized place as the top streaming service.\nIn fact, the recent string of blockbuster deals in the streaming space is only adding to an alarming trend of market share declines in recent years.\nAccording to market research firm Ampere Analysis, Netflix’s U.S. market share in streaming has been reduced from nearly one-third of the total market at the end of 2019 to only one-fifth at the end of 2020. Additionally, fellow market research firm Parrot Analytics notes that about 50% of U.S. streaming service consumers tout Netflix’s original content as the most-demanded in 2021. While this still leads the market, it is a significant reduction from the approximately 65% rate notched only two years ago.\nGrowing Competition\nOf course, one of the main reasons for this decline is the surge in choices available to consumers as compared to years prior. Netflix was relatively unchallenged in 2015, having triple the U.S. share of its nearest competitor at the time in Amazon (AMZN) -Get Report, which was also the only competitor to hold a double digit market share, according to Nielsen. But in 2020, three competitors -- Amazon, Disney (DIS) -Get Report (both with Disney+ and Hulu) and AT&T's (T) -Get Report HBO Max -- held double-digit market shares, encroaching upon Netflix's 21% slice of the streaming market.\nOf additional concern is the fact that many of Netflix’s newer competitors are entering the streaming landscape with very deep pockets, extensive catalogs of content already familiar to consumers or in some cases, both.\nSgt. Keith L. Craig, an executive at Disney who manages theatrical sales and distribution, noted in an interview with TheStreet that while Netflix was a trailblazer, the company has not been innovative enough to maintain a lead over its hard charging competitors, many of whom had aided Netflix’s rise by initially allowing it to host their content.\n“Before launching, Disney took back their content from Netflix which left Netflix in a vulnerable position,” Craig said. “Netflix is now competing with some of the top production companies in the world and they have to stay consistent to not be replaced by a force like Disney.”\nIn order to sustain this competition and make up for the loss of content, the company has needed to pursue heavy spending sprees on original content, often funded by debt. The company’s cash burn has thus been a lingering concern, despite Netflix CFO Spencer Neumann's efforts to assuage investors.\n\"We think we've turned the corner on that ...cash flow story so we expect to be about cash flow breakeven this year and then sustainably free cash flow positive and growing thereafter,\" Neumann told analysts during the company's first quarter earnings call in April.\nStill, as the company seeks to up its spending from a coronavirus-hit content spend of $11.8 billion in 2020 to $17 billion in 2021, there remains a degree of skepticism about the sustainability of the recent encouraging cash-flow trend. Indeed, there is reason to suspect it was paradoxically aided by coronavirus due to necessary cuts in content spending and production.\nCash burn is less of an issue for primary rival Disney, given the entertainment giant’s back catalog of content that spans over a century. That existing content adds to Disney’s well-known prowess for producing hit movies to the present day, consistently charting some of thehighest grossing films in history in recent years.\nAnd among the growing list of other competitors in the streaming space, cash burn is also not likely to be an obstacle.\n“Apple (AAPL) -Get Report, Amazon and Google (GOOGL) -Get Report all compete with Netflix in video streaming and content, and can deploy vast war chests of cash in pursuit of competitive advantage,” said Barry Randall, chief investment officer of Crabtree Asset Management.\nConsolidation on the Rise\nIndeed, Amazon is the latest to signal its intention to spend big on bolstering its content catalog by recentlyacquiring MGM Studios for $8.45 billion.\n“MGM’s content library and upcoming film slate give a significant boost to Prime Video's library,” JMP Securities analyst Ronald Josey wrote in a note assessing the deal. “Collectively MGM content has won 180 Academy Awards and 100 Emmys, and Amazon also benefits from its robust upcoming slate of films that further strengthens Amazon’s Prime Video offering.”\nJosey added that a robust back catalog of over 4,000 films, including fan favorites like the James Bond and Legally Blonde franchises, as well as 17,000 TV shows, including popular series such asThe Handmaid’s TaleandFargo.\nAmazon is only the latest to leverage M&A to try to close in on Netflix’s once-comfortable lead in streaming. And the heavy competition has encouraged laggards to join forces to challenge Netflix rather than fight amongst themselves for more meager market share.\nThis trend was highlighted byDiscovery’s (DISCA) -Get Report recent$43-billion deal for WarnerMedia, driven in large part by the desire to add the popular HBO streaming service to its offerings. Additionally, the deal combined HBO’s handsome back catalog with content from CNN, DC Comics, and Cartoon Network to its existing content such as HGTV, the Food Network and Animal Planet.\nMoving forward, many are expecting similar deals, perhaps from the already relatively recently combined company of ViacomCBS (VIACA) -Get Report.\n\"Various recent press reports have suggested Viacom as a potential target with several assets that could command a premium,\" Bank of America analyst Jessica Reif Ehrlich wrote in a recent note. “VIAC’s deep breadth of content (library of 140,000-plus TV episodes and 3,600-plus films across sports, movies, comedy, news, children, etc.) has value as an entire entity or if sold in individual parts.”\nWhile Amazon’s deal for MGM might remove an anticipated bidder, the sizable library could prove an appetizing acquisition for other major players like Apple and Google as they try to move past beyond current competitors like Comcast’s CMCSA Peacock platform, and closer to Netflix’s top tier.\nOverall, industry consolidation is likely to only further threaten Netflix’s lead and allow for clearer choices for consumers that might be overwhelmed by the slate of options in the arguably oversaturated streaming industry.\nTo be sure, Netflix has been able to maintain its industry-leading market share for quite some time, with original content increasingly undergirding its success. Further, the service appears to be quite sticky as its churn rate of only 2.4% remains exceedingly low despite the significantly increased competition it has been facing.\nThe question that will arise is when the competition becomes too compelling to keep ahead of. Given the cash being poured into the streaming space to create appealing content, that question is only going to loom larger for Netflix in the near future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189311028,"gmtCreate":1623245150464,"gmtModify":1704199163051,"author":{"id":"3574325617753255","authorId":"3574325617753255","name":"Shawntan51","avatar":"https://static.tigerbbs.com/bd6b9be7ff1a46457928ef8ba4d48292","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574325617753255","authorIdStr":"3574325617753255"},"themes":[],"htmlText":"btc to the moon?","listText":"btc to the moon?","text":"btc to the moon?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189311028","repostId":"1196196898","repostType":4,"repost":{"id":"1196196898","kind":"news","pubTimestamp":1623243580,"share":"https://ttm.financial/m/news/1196196898?lang=&edition=fundamental","pubTime":"2021-06-09 20:59","market":"us","language":"en","title":"Bitcoin or gold? Top strategist David Roche outlines his play for hedging against inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1196196898","media":"cnbc","summary":"With fears around inflationdominating the marketthis week, investors are no doubt asking where to pa","content":"<div>\n<p>With fears around inflationdominating the marketthis week, investors are no doubt asking where to park their cash to protect themselves from a potential reduction in the purchasing power of theU.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/09/david-roche-bitcoin-gold-inflation.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin or gold? Top strategist David Roche outlines his play for hedging against inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin or gold? Top strategist David Roche outlines his play for hedging against inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 20:59 GMT+8 <a href=https://www.cnbc.com/2021/06/09/david-roche-bitcoin-gold-inflation.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With fears around inflationdominating the marketthis week, investors are no doubt asking where to park their cash to protect themselves from a potential reduction in the purchasing power of theU.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/09/david-roche-bitcoin-gold-inflation.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.cnbc.com/2021/06/09/david-roche-bitcoin-gold-inflation.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1196196898","content_text":"With fears around inflationdominating the marketthis week, investors are no doubt asking where to park their cash to protect themselves from a potential reduction in the purchasing power of theU.S. dollar.\nWhile gold is often touted as a way to hedge against inflation,history suggests otherwise, with the precious metal actually yielding a negative return for investors during some of the highest recent inflationary periods in the U.S.\nMore recently, some investors have suggestedbitcoinas an alternative store of value for investors, arguing its scarcity makes it a strong candidate for a kind of “digital gold.”\nVeteran investment strategist David Roche thinks rising inflation is a real risk for markets, and outlined how he thinks investors should play the trend.\nRoche, president and global strategist at Independent Strategy, has previously backed gold as an “alternative currency,” referring to it as a safe bet for investors unable to get much yield from their savings due to ultra-low interest rates.\nOn Wednesday, Roche said a combination of bitcoin and gold would be the best way to hedge against a possible debasement of the dollar and other sovereign currencies. In terms of weighting, Roche recommended allocating about 2-3% of a portfolio to crypto, and 7% to gold.\n“I would own bitcoin and gold in a portfolio as a hedge against the U.S. dollar,” he said during thelatest edition of CNBC’s PRO Talkswith Tanvir Gill on Wednesday.\nThe strategist said Wednesday that digital currencies like bitcoin and ether “are going to gain the credibility of investors because they actually get you out of the way of central banks, politicians and policymakers.”\n“My own feeling is they will get a wide network, they will get credibility and they will become a major asset to own,” he added.\nBitcoin has had a wild ride this year, reaching a record high of nearly $65,000 in April before plummeting close to $30,000 the following month. It’s currently trading at about $34,137, roughly halving in price from its all-time high but still up over 16% year-to-date.\nHowever, such volatility is to be expected from an asset class that’s still “very, very immature,” Roche said.\n“If you’re not prepared to put up with this sort of 30 or 40% reversal as an opportunity to invest in it, then you shouldn’t invest in it in the first place,” he added. “Currencies like bitcoin, like ethereum, will gain credibility and will gain a very wide network.”\nBitcoin bulls say the cryptocurrency can provide protection from inflation as central banks around the world print money to soften the economic blow of the coronavirus crisis. They say that this has led to increased buying of bitcoin from institutional investors.\n“If you think about a traditional currency ... these currencies are not actually backed by central bank assets,” Roche said. “You can’t walk into a central bank anymore and change a dollar for so much gold. That is gone.”\n“What is the difference to cryptocurrency? The only difference is it’s backed by a central bank, which is printing so much money you actually want to avoid its money,” he added.\nHowever, other market players see bitcoin as a speculative bubble that’s waiting to burst. Stephen Isaacs, chairman of the investment committee at financial consultants Alvine Capital, told CNBC in April he thinks the bitcoin bubblewill end. “And when it ends, it will be ugly because there will be nothing there,” he said.\nRoche wasn’t complacent about the risk of a significant slide in hot assets like bitcoin, meme stocks and special purpose acquisition companies in the event that central banks start raising interest rates again.\n“I would have thought the major risk factor at the moment is overconfidence by investors that markets will always go up because more money will be printed and more money will be spent by governments,” he said. “I think that is wrong of course. These are major risk factors.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":189317166,"gmtCreate":1623245425155,"gmtModify":1704199171964,"author":{"id":"3574325617753255","authorId":"3574325617753255","name":"Shawntan51","avatar":"https://static.tigerbbs.com/bd6b9be7ff1a46457928ef8ba4d48292","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574325617753255","authorIdStr":"3574325617753255"},"themes":[],"htmlText":"keep it up","listText":"keep it up","text":"keep it up","images":[{"img":"https://static.tigerbbs.com/e543e3cc4f2400c5920c21ae5010cb83","width":"1125","height":"3218"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189317166","isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":189316863,"gmtCreate":1623245273052,"gmtModify":1704199166177,"author":{"id":"3574325617753255","authorId":"3574325617753255","name":"Shawntan51","avatar":"https://static.tigerbbs.com/bd6b9be7ff1a46457928ef8ba4d48292","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574325617753255","authorIdStr":"3574325617753255"},"themes":[],"htmlText":"please comment","listText":"please comment","text":"please comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189316863","repostId":"1166867547","repostType":4,"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189311028,"gmtCreate":1623245150464,"gmtModify":1704199163051,"author":{"id":"3574325617753255","authorId":"3574325617753255","name":"Shawntan51","avatar":"https://static.tigerbbs.com/bd6b9be7ff1a46457928ef8ba4d48292","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574325617753255","authorIdStr":"3574325617753255"},"themes":[],"htmlText":"btc to the moon?","listText":"btc to the moon?","text":"btc to the moon?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189311028","repostId":"1196196898","repostType":4,"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}