Digi Ruminations

Hey Influence Traders,

The news keeps flowing around cryptocurrencies and central bank digital currencies (CBDCs).

And Power Income trader William “Bill” Griffo is going to lay it on the line for you.

He likes miners – particular commodity miners – so if you want to make money in the new golden age of soaring gold prices and digital currencies, it’s not too late for you to join him live today at 1 p.m. EST.

You know what’s not flowing?

Semiconductors.

But that doesn’t mean you can’t make money on them.

Trading guru Andrew Giovinazzi has made another #powermove.

Digital

Digital, whether traditional crypto or central bank digital currencies (CBDCs) are rocking.

The Bank for International Settlements (BIS) has endorsed the development of CBDCs, and at least 56 central banks are considering #powermoves into them.

The Bahamas already has one, China has indicated that it will launch the digi-Yuan, and Switzerland and the Bank of France have announced a CBDC experiment.

Meanwhile, Paraguay has become the second country after El Salvador to propose a bill to make Bitcoin (Ticker: BTC) legal tender.

El Salvador announced that its BTC law goes into effect on September 7th, that all citizens are eligible to receive U.S. $30 in BTC from the government, and that it intends to install over 1,500 BTC ATMs.

Other Latin American countries are following suit because they see such digital #powermoves as a way to counter costly cross-border money transfers and massive inflation.

      • Panama is working on a bill that would make BTC legal tender.
      • Colombia announced a 2.8 billion Colombian peso ($750,000) blockchain investment program that will invest in 100 businesses looking to implement blockchain technology.
      • Mexican billionaire Ricardo Salinas Pliego says his bank, Banco Azteca, will be the first in Mexico to accept BTC for his 16 million clients.
      • Brazil has launched the region’s first BTC ETF.

All of the excitement around crypto allowed Power Moves Portfolio trading guru Andrew Giovinazzi (who can apparently see into the future) to make a #powermove trade with Coinbase Global Inc. (Ticker: COIN).

It was a money maker.

Since then, COIN has announced its own #powermove. CEO Brian Armstrong is calling for the building of a “crypto app store” similar to Apple (Ticker: AAPL). Armstrong argues that crypto use cases are rising, including non-fungible tokens (NFTs) and Decentralized Applications (dApps).

There are tens of billions of dollars of economic activity running on dApps, and Armstrong wants to give COIN users “easy access to all of this from the main Coinbase product.”

Semiconductors 

A failure in DC to manage global supply chains is now rippling through the economy.

While DC is distracted with partisan infighting, and still obsessing over Trump, the private sector is suffering.

Ford Motor Co (Ticker: F) will be shuttering a few of its North American factories in July and August due to the semiconductor shortage.

F anticipates that these supply chain issues will cost it $2.5 billion this year and halve vehicle production in the second quarter.

That’s bad news for F. But good news for traders.

Andrew is building another #powermove trade.

This time around he’s got his eyes on Taiwan Semiconductor Inc (Ticker: TSM).

We want the put calendars to pay the decay for our calls as TSM powers up to earnings.

TSM looks poised to break out and the two big semis, Advanced Micro Devices (Ticker: AMD) and Nvidia Corp (Ticker: NVDA) are showing crazy momentum that should help TSM.

We did a trade:

Buy to open 2 TSM July 23/July 09 116-strike put calendars, pay $1.36, and buy to open 2 TSM July 23 124-strike calls, pay $1.80 (filled $1.35 and $1.75).

TSM 1 year implied volatility (IV) and price action 

We will be updating our live trade log here.

By the way, look for big #PowerMoves Portfolio news coming soon …

Cutting Through the Noise for You.

Frank

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