To The Moon

As we approach the D-day due next month for decision by the Securities and Exchange Commission on approval of several applications for the inaugural spot price-based exchange-traded funds by the likes of Blackrock, and as the highly anticipated bitcoin halving in next April, I expect greater volatility in the cryptocurrency prices. The launches of bitcoin ETFs trading based on spot prices by multiple asset managers among the world's largest are bound to create the next frenzy in the cryptocurrency market. Likewise, the bitcoin halving once every 4 years when the reward for mining new blocks is halved will limit the supply of new bitcoins that may lift their prices if their demand remains strong. With cryptocurrencies emerging from their year-long winter and garnering strong enthusiasm from investors, prices of bitcoins have risen over 150% this year and likewise in varying degrees for most other cryptocurrencies. With these optimisms, I'm hopeful that $Coinbase Global, Inc.(COIN)$ , being the largest US-listed cryptocurrency exchange, will stay buoyant even though its stock price has already exploded over 450% this year.

Likewise, the semiconductor industry appears to be recovering from earlier market slump, following brighter business outlooks by semiconductor bellwethers such as most recently by Micron in the semiconductor memory sector. Coupled with artificial intelligence poised to drive the next phase of growth led by Nvidia, I'm cautiously bullish on $Semiconductor Bull 3X Shares(SOXL)$ . Besides big techs the likes of Nvidia, Microsoft and Alphabet, flourishing companies such as $Palantir Technologies Inc.(PLTR)$ and $C3.ai, Inc.(AI)$ that stand to benefit from the AI hype are also in my watchlist, as I expect their investments in AI to start bearing fruits with AI earnings showing up materially in their coming financial quarters.

Once our national pride, $Sea Ltd(SE)$ has since fallen from grace and is now trading at a fraction of the share prices during its heyday after the market grew impatient with its unprofitability amidst cash-burning through rapid expansion with hefy subsidies to draw customers away from its competitors. Nevertheless, I'm not going to dismiss the largest e-commerce platform in Southeast Asia yet, as the company has promised to post its first profitable financial year since its IPO. Hopefully, the company will live up to its promise and regain its past glory over time, especially with all the festive buying in the coming months.

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